2-Unit Duplex with Off-Street
22 E 3RD Street Media, PA 19063
New
For Sale
$525,000
MULTI_FAMILY - Other - MEDIA, PA
Property Size1,820 SF
Lot Size0.06 Acres
Price / SF$288.46
Days on Market2
Property Features for 22 E 3RD Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Parking features
- Driveway
- Standard status
- Active
- Size
- 1,820 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8355
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Number of units
- 1
- Building materials
- Brick
- Architectural style
- Other
Listing Agency:
Legacy Real Estate, Inc.
(215) 836-8000
Listed By:
Sanjiv K Jain · License #RM421067
(215) 287-5600
Added: Jul 24
Last Checked: Jul 25 at 3:06AM
MLS# PADE2120430
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.
This duplex offers a flexible layout that was recently used as an office and may be converted back to residential use. The property is set on a small lot and includes off-street parking for added convenience.
Situated in Media, Pennsylvania in Delaware County, the address is 22 E 3rd Street (19063). Public remarks indicate it is about a two-block walk to State Street.
The building contains two units configured for recent office operations, supporting tenant-ready conversion to a residential setup subject to applicable approvals.
Situated in Media, Pennsylvania in Delaware County, the address is 22 E 3rd Street (19063). Public remarks indicate it is about a two-block walk to State Street.
The building contains two units configured for recent office operations, supporting tenant-ready conversion to a residential setup subject to applicable approvals.
Key Highlights
- Brick duplex with forced‑air heating and central air
- Year built 1920
- Driveway parking with plenty of off‑street parking
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 | $32.8k | $18.00 |
| − Vacancy | −$4.3k | −$2.34 |
| EGI | $28.5k | $15.66 |
| − OpEx | −$8.5k | −$4.70 |
| NOI | $19.9k | $10.96 |
1,820 SF · lease $18.00/SF/yr · vacancy 13.01% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$285.0K
$249.4K – $332.5K
NOI $19,949 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$260.6K
$228.1K – $304.1K
NOI $18,245 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$551.8K
$482.8K – $643.8K
NOI $38,626 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Falzone & Wyler
Law Firm
Christopher Furlong Law ...
Law Firm
FAQs
What type of property is this?
Duplex - Duplex for sale with off-street parking and recent office use, convertible back to residential.
Where is this duplex located?
The property is located at 22 E 3RD Street Media, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Brick duplex with forced‑air heating and central air; Year built 1920; Driveway parking with plenty of off‑street parking
