Conversion-Ready Multifamily
3817 HAVERFORD Avenue Philadelphia, PA 19104
3817 HAVERFORD Avenue, Philadelphia, PA, 19104
$449,900
For Sale
$449,900
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,943 SF
Lot Size0.07 Acres
Price / SF$231.55
Days on Market125
Property Features for 3817 HAVERFORD Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 5
- Parking features
- Garage - Detached, Driveway
- Interior features
- Primary Bath(s)
- Appliances
- Built-In Microwave, Built-In Range, Dishwasher, Disposal, Washer, Dryer, Refrigerator
- Standard status
- Active
- Size
- 1,943 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7041
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1935
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing Agency
Coldwell Banker Realty
(215) 923-7600
325 Chestnut Street unit: 1300, Plymouth Meeting, PA
Listed by
Brian Figgs · License #RS343647
(610) 745-7884
Added: Mar 16 Checked: Jul 18 at 5:06 am
MLS# PAPH2593632
Listing URL
Copyright © 2026 Bright MLS. 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 property is currently a single-family residence but is described as conversion-ready under RM-1 zoning to support a multi-unit setup. The home includes an unfinished basement with high ceilings and side windows, which the listing notes could be adapted for additional living space, along with an interior layout that the listing says could be reconfigured into two units upstairs. The second floor is described as four bedrooms with two full bathrooms.
Interior features include a covered front porch entry, an open living/dining/kitchen arrangement, and a kitchen with updated finishes including tile flooring, cabinetry, stainless steel appliances, and an island. The listing also states the home has new central HVAC and includes a washer and dryer.
Outside, the lot is described as approximately 32' x 100' with a patio, garage, and a driveway providing parking for 4–5 vehicles. The property is currently used as a rental, and the listing provides that it has been used primarily for student tenants, with rent noted at $2,450 per month.
Interior features include a covered front porch entry, an open living/dining/kitchen arrangement, and a kitchen with updated finishes including tile flooring, cabinetry, stainless steel appliances, and an island. The listing also states the home has new central HVAC and includes a washer and dryer.
Outside, the lot is described as approximately 32' x 100' with a patio, garage, and a driveway providing parking for 4–5 vehicles. The property is currently used as a rental, and the listing provides that it has been used primarily for student tenants, with rent noted at $2,450 per month.
Key Highlights
- Zoned RM‑1: currently a single‑family home with potential to convert into a multi‑unit residence
- 32' x 100' lot with options to build a new apartment building and build above the garage
- Unfinished basement with high ceilings and side windows, with potential for conversion into bedrooms
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 | $50.1k | $25.80 |
| − Vacancy | −$2.8k | −$1.42 |
| EGI | $47.4k | $24.38 |
| − OpEx | −$14.2k | −$7.31 |
| NOI | $33.2k | $17.06 |
1,943 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$473.7K
$414.5K – $552.6K
NOI $33,157 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$436.6K
$382.0K – $509.4K
NOI $30,562 @ 7.0% cap · market cap 6.79%
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
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Single-family home with zoning RM-1, central HVAC, and a large unfinished basement for potential conversion into multiple units.
Where is this single family property located?
The property is located at 3817 HAVERFORD Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Zoned RM‑1: currently a single‑family home with potential to convert into a multi‑unit residence; 32' x 100' lot with options to build a new apartment building and build above the garage; Unfinished basement with high ceilings and side windows, with potential for conversion into bedrooms
