Two-Unit Residential Income
3013 Gilham Street Philadelphia, PA 19149
3013 Gilham Street, Philadelphia, PA, 19149
$285,000
For Sale
$285,000
Well-maintained two-family home with separate kitchens and living areas on each floor.
Property Size1,344 SF
Price / SF$212.05
Days on Market636
Property Features for 3013 Gilham Street
General Information
- Standard status
- Active
- Size
- 1,344 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1950
Listing agency
Keller Williams Realty
(609) 304-2314
Listed by
Christopher Twardy · License #1540241
(609) 304-2314
Source
Thetristaterealestategroup
Added: Oct 24, 2024 Updated: Jul 20 at 6:52PM Checked: Jul 21 at 3:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Investment Insights
Based on property information with market context.
This well-maintained two-family dwelling offers two self-contained units, each with one bedroom, one bathroom, a kitchen, and a living room. The second-floor unit has an updated roof and an updated heating system, supporting straightforward operations and continued tenant comfort.
The property is currently occupied by long-term tenants who pay rent on time. The first-floor unit rent is stated at $900 per month, while the second-floor unit rent is stated at $850 per month. A garage is also rented for $100 per month.
Showings require 24 hours’ notice. Interested buyers should coordinate through the listing broker to confirm access and review current lease details.
The property is currently occupied by long-term tenants who pay rent on time. The first-floor unit rent is stated at $900 per month, while the second-floor unit rent is stated at $850 per month. A garage is also rented for $100 per month.
Showings require 24 hours’ notice. Interested buyers should coordinate through the listing broker to confirm access and review current lease details.
Key Highlights
- Two‑family home built in 1950 with separate kitchen and living areas on each floor
- First‑floor unit: 1 bedroom, 1 bathroom; rent is $900/month
- Second‑floor unit: 1 bedroom, 1 bathroom; rent is $850/month
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 | $28.2k | $21.00 |
| − Vacancy | −$883 | −$0.66 |
| EGI | $27.3k | $20.34 |
| − OpEx | −$8.2k | −$6.10 |
| NOI | $19.1k | $14.24 |
1,344 SF · lease $21.00/SF/yr · vacancy 3.13% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$2.57M
$2.25M – $3.00M
NOI $180,131 @ 7.0% cap · market cap 63.20%
Second Best
Multifamily LT 5
$273.4K
$239.2K – $319.0K
NOI $19,138 @ 7.0% cap · market cap 6.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with separate kitchens and living areas on each floor.
Where is this duplex located?
The property is located at 3013 Gilham Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two‑family home built in 1950 with separate kitchen and living areas on each floor; First‑floor unit: 1 bedroom, 1 bathroom; rent is $900/month; Second‑floor unit: 1 bedroom, 1 bathroom; rent is $850/month
