Turnkey Duplex with Central
2014 North 3rd Street Philadelphia, PA 19122
For Sale
$474,900
Renovated 2025 duplex with two rented units, central heat and air, and dedicated access to yard and basement space.
Property Size2,346 SF
Price / SF$202.43
Days on Market51
Property Features for 2014 North 3rd Street
General Information
- Standard status
- Active
- Size
- 2,346 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing Agency:
Digz.house
(215) 800-7459
Listed By:
Joseph Kunz · License #RS353569
(215) 800-7459
Source:
Compass
Added: Jun 4
Changed: Jul 21
Last Checked: Jul 23 at 8:36AM
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 Digz.house
Investment Insights
Based on property information with market context.
This turnkey duplex was renovated in 2025 and includes new framing, plumbing, electrical, mechanical systems with central heat and air, and a new roof. The property features two income-producing units with distinct layouts: Unit A is a 1-bedroom, 1-bath home currently rented at $1,365 per month, with access to a large yard and a clean basement. Unit B is a larger bi-level 4-bedroom, 2-bath unit on the 2nd and 3rd floors, with potential for $2,000 per month in rent and the option for an owner-occupant to live in while collecting rental income.
The duplex is located near public transportation and in a convenient area close to shops, cafes, bars, and restaurants. Financials, active leases, and lead safe certs are available upon request.
The duplex is located near public transportation and in a convenient area close to shops, cafes, bars, and restaurants. Financials, active leases, and lead safe certs are available upon request.
Key Highlights
- Renovated in 2025 duplex (Year built 1920) with central heat & air and updated plumbing, electrical, mechanicals, and roof
- Two rented units: Unit A is a 1BR/1BA at $1,365/month; Unit B is a bi‑level 4BR/2BA currently at $2,000/month market potential
- Gross rental income potential of $40,380 annually ($3,365/month) based on the provided figures
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 | $60.5k | $25.80 |
| − Vacancy | −$3.3k | −$1.42 |
| EGI | $57.2k | $24.38 |
| − OpEx | −$17.2k | −$7.31 |
| NOI | $40.0k | $17.06 |
2,346 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$571.9K
$500.4K – $667.2K
NOI $40,034 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$527.2K
$461.3K – $615.0K
NOI $36,901 @ 7.0% cap · market cap 7.77%
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
FAQs
What type of property is this?
Duplex - Renovated 2025 duplex with two rented units, central heat and air, and dedicated access to yard and basement space.
Where is this duplex located?
The property is located at 2014 North 3rd Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Renovated in 2025 duplex (Year built 1920) with central heat & air and updated plumbing, electrical, mechanicals, and roof; Two rented units: Unit A is a 1BR/1BA at $1,365/month; Unit B is a bi‑level 4BR/2BA currently at $2,000/month market potential; Gross rental income potential of $40,380 annually ($3,365/month) based on the provided figures
