Renovated 6-Unit Apartment
For Sale
$845,000
3206 DAUPHIN STREET, Philadelphia, PA 19132
Updated multifamily property with varied one-, two-, and three-bedroom layouts.
Property Size3,750 SF
Price / SF$225.33
Days on Market53
Property Features for 3206 DAUPHIN STREET
General Information
Standard status
Active
Size
3,750 SF
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$3,397
Amenities
Central Air, Window Air Conditioning, Ceiling Fan(s)
3
Vinyl
Parking.
On Street.
43.00 x 64.00
Building Details
Year Built
1915
Stories
4
Listing Agency:
KW Empower
(413) 320-6523
Listed By:
William Hannum · License #RS358666
(413) 320-6523
Source:
Xome
Added: Jun 14
Changed: Aug 5
Last Checked: Aug 5 at 7:00AM
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
Investment Insights
Based on property information with market context.
This renovated apartment property includes six units arranged as four 1BR/1BA apartments, one 2BR/1BA apartment, and one 3BR/1BA apartment. The 3,750 SF building dates to 1915 and includes central air, window air conditioning, ceiling fans, and vinyl finishes. On-street parking supports the residential configuration.
Located at 3206 Dauphin Street in Philadelphia, the property is near green open space and SEPTA bus routes, with transit access positioned steps from the front door. The offering also includes a full 10-year tax abatement. The lot measures 43.00 x 64.00.
Located at 3206 Dauphin Street in Philadelphia, the property is near green open space and SEPTA bus routes, with transit access positioned steps from the front door. The offering also includes a full 10-year tax abatement. The lot measures 43.00 x 64.00.
Key Highlights
- Six‑unit apartment building with four 1BR/1BA, one 2BR/1BA, and one 3BR/1BA units
- 3,750 SF building renovated with central air, window air conditioning, ceiling fans, and vinyl finishes
- Full 10‑year tax abatement
Financial Insights For Apartment 5plus
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 | $113.9k | $30.36 |
| − Vacancy | −$6.6k | −$1.76 |
| EGI | $107.2k | $28.60 |
| − OpEx | −$48.3k | −$12.87 |
| NOI | $59.0k | $15.73 |
3,750 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$842.7K
$737.3K – $983.1K
NOI $58,986 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$914.2K
$799.9K – $1.07M
NOI $63,993 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,457
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated multifamily property with varied one-, two-, and three-bedroom layouts.
Where is this apartment building located?
The property is located at 3206 DAUPHIN STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Six‑unit apartment building with four 1BR/1BA, one 2BR/1BA, and one 3BR/1BA units; 3,750 SF building renovated with central air, window air conditioning, ceiling fans, and vinyl finishes; Full 10‑year tax abatement
