Renovated Two-Unit
For Sale
$199,990
3120 N BANCROFT STREET, Philadelphia, PA 19132
Two one-bedroom residences offer separate living arrangements in a recently updated building.
Property Size840 SF
Days on Market66
Property Features for 3120 N BANCROFT STREET
General Information
Standard status
Active
Size
840 SF
Property subtype
Duplex
Site & Location
Neighborhood
Glenwood
Public Transit
Yes
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$459
Building Details
Building Size
840 SF
Year Built
1937
Listing Agency:
20/20 Real Estate - Bensalem
Listed By:
Aqib Chaudhary
(215) 869-4103
Source:
Mainlinekw
Added: Aug 20
Changed: Oct 21
Last Checked: Oct 23 at 1:53PM
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 20/20 Real Estate - Bensalem
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Investment Insights
Based on property information with market context.
This duplex contains two distinct one-bedroom, one-bathroom units, each with its own living area and functional floor plan. Recent renovation work brought updated interiors and modern finishes to both residences. The two-unit configuration supports separate occupancy and may accommodate an owner-occupant arrangement with one unit used as a residence and the other leased.
Built in 1937, the property is located in Philadelphia near shopping, dining, public transportation, and major roadways. Its separate unit layout provides flexibility for residential use while maintaining the characteristics of a small multifamily asset.
Built in 1937, the property is located in Philadelphia near shopping, dining, public transportation, and major roadways. Its separate unit layout provides flexibility for residential use while maintaining the characteristics of a small multifamily asset.
Key Highlights
- Two separate 1‑bedroom, 1‑bathroom units
- Recently renovated interiors with modern finishes
- Built in 1937
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,335
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,700
$286.7K
Cap Rate 7%
$204,786
$204.8K
Cap Rate 9%
$159,278
$159.3K
Market Conditions
NOI Build-Up for 840 SF
Gross rent
$21.7K $25.80/SF
− Vacancy
−$1.2K −$1.42/SF
EGI
$20.5K $24.38/SF
− OpEx
−$6.1K −$7.31/SF
NOI
$14.3K $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%
$286,700
Cap Rate 7%
$204,786
Cap Rate 9%
$159,278
Alternative Uses
Best Use
Multifamily LT 5
$204.8K
$179.2K – $238.9K
NOI $14,335 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$188.8K
$165.2K – $220.2K
NOI $13,213 @ 7.0% cap · market cap 6.61%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,407
Businesses Nearby
Explore this area
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 one-bedroom residences offer separate living arrangements in a recently updated building.
Where is this duplex located?
The property is located at 3120 N BANCROFT STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $199,990.
What are key features of this property?
This property features: Two separate 1‑bedroom, 1‑bathroom units; Recently renovated interiors with modern finishes; Built in 1937
