New Construction Duplex with Rooftop
2406 N 3rd St, Philadelphia, PA 19133
For Sale
$575,000
Two residential units offer modern finishes, private outdoor areas, and flexible four-story layouts.
Property Size2,520 SF
Price / SF$228.17
Days on Market52
Property Features for 2406 N 3rd St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
KW Empower
Listed By:
Ryan Stawasz · License PA RS335536
(215) 760-6291
Source:
Bethsamberg
Added: Sep 22
Changed: Oct 25
Last Checked: Oct 7 at 4:29PM
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 Empower
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Investment Insights
Based on property information with market context.
Completed in 2026, this four-story duplex contains two three-bedroom, two-bathroom units with a combined 6 bedrooms and 4 bathrooms. Unit 1 occupies the first floor and basement and includes a backyard, while Unit 2 spans the second and third floors and provides a private rooftop deck with views toward Philadelphia city center.
Interior details include open living areas, quartz countertops with waterfall edges, two-tone shaker cabinetry, subway-tile backsplashes, and stainless steel appliances. Both units feature closet storage and tiled bathrooms with glass-enclosed showers. Security cameras and an alarm system serve the building. The property also includes a 10 YEAR TAX ABATEMENT and 1 YEAR BUILDERS WARRANTY.
Located at 2406 N 3rd St, the duplex is described as walking distance from the Berks L Stop, with access toward center city and nearby dining, beverage, retail, and grocery destinations.
Interior details include open living areas, quartz countertops with waterfall edges, two-tone shaker cabinetry, subway-tile backsplashes, and stainless steel appliances. Both units feature closet storage and tiled bathrooms with glass-enclosed showers. Security cameras and an alarm system serve the building. The property also includes a 10 YEAR TAX ABATEMENT and 1 YEAR BUILDERS WARRANTY.
Located at 2406 N 3rd St, the duplex is described as walking distance from the Berks L Stop, with access toward center city and nearby dining, beverage, retail, and grocery destinations.
Key Highlights
- Newly constructed 2026 duplex with 6 bedrooms and 4 bathrooms
- Two units configured as 3 bedrooms and 2 bathrooms each
- Unit 2 includes a private rooftop deck with views of Philadelphia city center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,004
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,080
$860.1K
Cap Rate 7%
$614,343
$614.3K
Cap Rate 9%
$477,822
$477.8K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$65.0K $25.80/SF
− Vacancy
−$3.6K −$1.42/SF
EGI
$61.4K $24.38/SF
− OpEx
−$18.4K −$7.31/SF
NOI
$43.0K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,080
Cap Rate 7%
$614,343
Cap Rate 9%
$477,822
Alternative Uses
Best Use
Multifamily LT 5
$614.3K
$537.6K – $716.7K
NOI $43,004 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$566.3K
$495.5K – $660.6K
NOI $39,638 @ 7.0% cap · market cap 6.89%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,540
Businesses Nearby
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Business Placement
Demographics for 19133, PA
24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Philadelphia, PA
Properties on Market for Duplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer modern finishes, private outdoor areas, and flexible four-story layouts.
Where is this duplex located?
The property is located at 2406 N 3rd St Philadelphia, PA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Newly constructed 2026 duplex with 6 bedrooms and 4 bathrooms; Two units configured as 3 bedrooms and 2 bathrooms each; Unit 2 includes a private rooftop deck with views of Philadelphia city center
