Renovated Townhome with Private
3429 CRESSON STREET Philadelphia, PA 19129
New
3429 CRESSON STREET, Philadelphia, PA, 19129
$385,000
For Sale
$385,000
SINGLE_FAMILY - PHILADELPHIA, PA
Property Size1,544 SF
Price / SF$249.35
Days on Market2
Property Features for 3429 CRESSON STREET
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 1, Bedroom 2
- Standard status
- Active
- Size
- 1,544 SF
Building Details
- Year built
- 1939
Listing agency
BHHS Fox & Roach Yardley-Newtown Sales Center
(215) 860-9300
Listed by
Lynne Kelleher
(215) 813-6655
Added: Jul 22 Updated: Jul 23 at 6:36AM Checked: Jul 23 at 10:06AM
MLS# PAPH2650932
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully renovated townhome was completely gutted and remodeled in 2019, with updates including the roof, heating and major systems, and interior finishes. The roof was silver coated in 2025. The main level offers updated flooring, a renovated kitchen, a rare first-floor powder room, and convenient main-floor laundry. Upstairs, the spacious primary bedroom features a large walk-in closet, and the oversized updated full bathroom provides more space than typically found in comparable homes.
Outdoor space is a standout, starting with a gated front patio and continuing to a private rear outdoor area with a low-maintenance Trex patio, stone fire pit, string lights, and ample space for dining and entertaining. The front of the property also overlooks open space across the street rather than facing another row of homes, supporting a more open outlook and additional natural light.
Approximately half a block from the East Falls regional rail station, the home offers convenient access to Center City and nearby neighborhood restaurants, shops, parks, and trails. The property also has an abatement with approximately two years remaining.
Outdoor space is a standout, starting with a gated front patio and continuing to a private rear outdoor area with a low-maintenance Trex patio, stone fire pit, string lights, and ample space for dining and entertaining. The front of the property also overlooks open space across the street rather than facing another row of homes, supporting a more open outlook and additional natural light.
Approximately half a block from the East Falls regional rail station, the home offers convenient access to Center City and nearby neighborhood restaurants, shops, parks, and trails. The property also has an abatement with approximately two years remaining.
Key Highlights
- Completely gutted and renovated in 2019, including roof, heating, major systems, and interior finishes
- Roof silver coated in 2025; about two years remaining on the property’s tax abatement
- Main level includes a renovated kitchen, first‑floor powder room, and main‑floor laundry
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.8k | $25.80 |
| − Vacancy | −$2.2k | −$1.42 |
| EGI | $37.6k | $24.38 |
| − OpEx | −$11.3k | −$7.31 |
| NOI | $26.3k | $17.06 |
1,544 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$376.4K
$329.4K – $439.1K
NOI $26,348 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$346.9K
$303.6K – $404.8K
NOI $24,286 @ 7.0% cap · market cap 6.31%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Gutted-and-renovated in 2019 with gated front patio and Trex rear patio plus in-home laundry.
Where is this duplex located?
The property is located at 3429 CRESSON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Completely gutted and renovated in 2019, including roof, heating, major systems, and interior finishes; Roof silver coated in 2025; about two years remaining on the property’s tax abatement; Main level includes a renovated kitchen, first‑floor powder room, and main‑floor laundry
