Modern Duplex with In-Unit
2112 South 3rd Street Philadelphia, PA 19148
For Sale
$459,000
Modern duplex with a 1st-floor 1 bed/1 bath and a 2nd/3rd-floor 3 bed/1 bath bi-level with in-unit laundry.
Property Size1,599 SF
Price / SF$287.05
Days on Market172
Property Features for 2112 South 3rd Street
General Information
- Standard status
- Active
- Size
- 1,599 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing Agency:
KW Philly
(215) 227-3333
Listed By:
Michael V Giuda · License #1326908
(215) 227-3333
Source:
Compass
Added: Feb 2
Changed: Jul 23
Last Checked: Jul 23 at 5:41AM
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 KW Philly
Investment Insights
Based on property information with market context.
This modern duplex offers two separate residential units with laundry accommodations in both layouts. The first-floor unit is configured as a 1 bedroom and 1 bathroom with basement laundry and is currently occupied by a long-term tenant of over 10 years. The upper unit spans the second and third floors as a bi-level with approximately 3 bedrooms and 1 bathroom and includes in-unit laundry.
The second unit is most recently used as an Airbnb and has been newly renovated to accommodate short-term rental guests. The sale includes all furniture in the upper-floor second unit. The property is described as being in the Pennsport/Whitman area of Philadelphia, close to local shopping and the waterfront, with access to major highways and bridges.
As presented, the upper unit may be converted back to annual tenancy for a traditional legal duplex configuration.
The second unit is most recently used as an Airbnb and has been newly renovated to accommodate short-term rental guests. The sale includes all furniture in the upper-floor second unit. The property is described as being in the Pennsport/Whitman area of Philadelphia, close to local shopping and the waterfront, with access to major highways and bridges.
As presented, the upper unit may be converted back to annual tenancy for a traditional legal duplex configuration.
Key Highlights
- Modern duplex built in 1925 in Pennsport/Whitman
- 1st‑floor unit: 1 bed/1 bath with basement laundry; currently occupied by a long‑term tenant of over 10 years
- 2nd/3rd‑floor bi‑level unit: approx. 1,100 SF with 3 bed/1 bath layout and in‑unit laundry
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 | $41.3k | $25.80 |
| − Vacancy | −$2.3k | −$1.42 |
| EGI | $39.0k | $24.38 |
| − OpEx | −$11.7k | −$7.31 |
| NOI | $27.3k | $17.06 |
1,599 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$389.8K
$341.1K – $454.8K
NOI $27,287 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$359.3K
$314.4K – $419.2K
NOI $25,151 @ 7.0% cap · market cap 5.48%
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 - Modern duplex with a 1st-floor 1 bed/1 bath and a 2nd/3rd-floor 3 bed/1 bath bi-level with in-unit laundry.
Where is this duplex located?
The property is located at 2112 South 3rd Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Modern duplex built in 1925 in Pennsport/Whitman; 1st‑floor unit: 1 bed/1 bath with basement laundry; currently occupied by a long‑term tenant of over 10 years; 2nd/3rd‑floor bi‑level unit: approx. 1,100 SF with 3 bed/1 bath layout and in‑unit laundry
