Masonry Duplex with
New
For Sale
$219,900
3114 W GORDON STREET, Philadelphia, PA 19132
Two residential units feature hardwood flooring, detailed moldings, and kitchens with modern appliances.
Property Size1,050 SF
Days on Market5
Property Features for 3114 W GORDON STREET
General Information
Standard status
Active
Size
1,050 SF
Property subtype
Duplex
Site & Location
Neighborhood
North Philadelphia
Taxes and HOA fees
Annual Taxes
$1,363
Building Details
Building Size
1,050 SF
Year Built
1915
Construction
masonry
Listing Agency:
Prosperity Real Estate & Investment Services
Listed By:
ALTIN KRCHISHTA · License #RS383889
(267) 209-0094
Source:
Lizclarkrealestate
Added: Oct 28
Changed: Oct 31
Last Checked: Oct 30 at 2:06PM
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 Prosperity Real Estate & Investment Services
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Investment Insights
Based on property information with market context.
This Philadelphia duplex, built in 1915, has masonry construction and two residential units. Interior details include hardwood flooring and moldings, while the kitchens are fitted with modern appliances and ample counter space. Parking is available, and the property includes outdoor space on its lot.
The property is located at 3114 W Gordon Street in Philadelphia, Pennsylvania.
The property is located at 3114 W Gordon Street in Philadelphia, Pennsylvania.
Key Highlights
- Duplex with masonry construction
- Built in 1915
- Hardwood floors and interior moldings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,918
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,360
$358.4K
Cap Rate 7%
$255,971
$256.0K
Cap Rate 9%
$199,089
$199.1K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$27.1K $25.80/SF
− Vacancy
−$1.5K −$1.42/SF
EGI
$25.6K $24.38/SF
− OpEx
−$7.7K −$7.31/SF
NOI
$17.9K $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%
$358,360
Cap Rate 7%
$255,971
Cap Rate 9%
$199,089
Alternative Uses
Best Use
Multifamily LT 5
$256.0K
$224.0K – $298.6K
NOI $17,918 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$235.9K
$206.5K – $275.3K
NOI $16,516 @ 7.0% cap · market cap 7.51%
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
952
Businesses Nearby
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Business Placement
Demographics for 19132, PA
33,926
Population
17,402
Households
1.9
Avg Household Size
37
Median Age
13%
College-Educated
83%
High-School Grad
2.2 sq mi
ZIP Area
15,421
Density / Sq Mi
$30,974
Median Household Income
$30,300
Median Earnings
$1,055
Median Rent
$73,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature hardwood flooring, detailed moldings, and kitchens with modern appliances.
Where is this duplex located?
The property is located at 3114 W GORDON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Duplex with masonry construction; Built in 1915; Hardwood floors and interior moldings
