3843 BARING Street, Philadelphia, PA 19104
MULTI_FAMILY - PHILADELPHIA, PA
- Added:
- Mar 17, 2026
- Days on Market:
- 93
- Last Refresh:
- Jun 17 at 1:06 pm
Property Features for 3843 BARING Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,088 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5879
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air, Wall Unit(s)
Building Details
- Year built
- 1930
- Number of units
- 2
- Building materials
- Masonry
Listing agent Suqing Fan License #RS304225 (267) 243-1892
Listing office Triamond Realty 1530 S 6th Street unit: 1F, Philadelphia, PA (267) 243-5317
Listing date Mar 17, 2026
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.
HighLights
- Prime location: walking distance to Drexel University, Penn University, and Septa Bus Station.
- Duplex configuration: live in one unit and rent out the other to offset mortgage costs.
- Recently remodeled: features two brand new kitchens with white cabinets and granite countertops, new laminate flooring, and fresh paint.
- Two units: Unit A has 2 bedrooms and 2 full bathrooms; Unit B has 4 bedrooms and 2 full bathrooms.
- New appliances: includes brand new stoves, refrigerators, washers, and dryers in both units.
- New central air conditioning: ensures comfortable living in both units.
Overview
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 | $53.9k | $25.80 |
| − Vacancy | −$3.0k | −$1.42 |
| EGI | $50.9k | $24.38 |
| − OpEx | −$15.3k | −$7.31 |
| NOI | $35.6k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.199852
- Latitude
- 39.960758