3945 CLARIDGE Street Philadelphia, PA 19124
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Features for 3945 CLARIDGE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,400 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2557
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1965
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Francisco Michaud License #RS342767 (267) 250-8489
Listing office Realty Mark Associates 1500 John F Kennedy Boulevard unit: 1510, Southampton, PA (215) 376-4444
Listing date Jun 4, 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.
Investment Insights
Based on property information with market context.
Exterior features include a lovely front cement patio and a small rear driveway, along with street parking.
From a tenant or owner-operator standpoint, the separate utilities support independent billing and day-to-day unit management. The property is also described as currently generating rent, with the first unit listed at $1,200 per month. With a compact lot configuration and straightforward duplex arrangement, this home can fit investors seeking a two-unit residential income asset or buyers looking for manageable multi-family ownership.
Key Highlights
- Corner 2+2 duplex built in 1965 with masonry construction
- Rents $1,200/month for the 1st unit; separate utilities for the two units
- Garage converted into a bonus room with a full bath
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 | $27.7k | $19.80 |
| − Vacancy | −$1.9k | −$1.39 |
| EGI | $25.8k | $18.41 |
| − OpEx | −$7.7k | −$5.52 |
| NOI | $18.0k | $12.89 |
