3978 CARTERET Drive, Philadelphia, PA 19114
MULTI_FAMILY - PHILADELPHIA, PA
- Added:
- Mar 28, 2026
- Days on Market:
- 82
- Last Refresh:
- Jun 17 at 3:06 pm
Property Features for 3978 CARTERET Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 2
- Parking features
- Driveway, Garage - Attached
- Standard status
- Active
- Size
- 1,912 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6009
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air, Wall Unit(s)
Building Details
- Year built
- 1978
- Number of units
- 2
- Building materials
- Masonry
Listing agent Joseph Cunningham License #AB067130 (215) 327-1776
Listing office Keller Williams Real Estate Tri-County 1917 Welsh Road, Philadelphia, PA (215) 464-8800
Listing date Mar 28, 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
- Brookhaven 2+2 duplex built in 1978 with masonry construction
- Two units with large living/dining areas and kitchens with ample counter and cabinet space
- Both units include two bedrooms, ample closet space, and 3‑piece hall baths
- 1st floor is vacant and was freshly painted with new wall‑to‑wall carpet
- Dedicated laundry/storage area for both units plus a huge yard for entertaining
- Attached 2‑car garage and 2‑car driveway with forced‑air heat and central air plus wall unit cooling
Overview
The home is located at 3978 Carteret Drive in Philadelphia, PA 19114, on a lot size of 0.1062 acres. On-site parking is supported by a two-car garage and a two-car driveway. The seller notes that a tenant on the second floor would like to remain, subject to transfer at sale. Please plan for a previous day notice requirement for showings.
For buyers seeking an owner-occupant setup or a straightforward rental arrangement, this configuration allows one level to be moved into while maintaining income from the other unit. The first floor’s move-in condition reduces immediate renovation needs, while the shared property amenities like the yard and dedicated laundry/storage area help keep day-to-day life convenient for both occupants.
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 | $49.3k | $25.80 |
| − Vacancy | −$2.7k | −$1.42 |
| EGI | $46.6k | $24.38 |
| − OpEx | −$14.0k | −$7.31 |
| NOI | $32.6k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -74.988243
- Latitude
- 40.063251
