Renovated 6-Unit
3206 W Dauphin Street Philadelphia, PA 19132
For Sale
$875,000
Six fully renovated units with a 4-1BR/1BA, 1-2BR/1BA, and 1-3BR/1BA mix, plus a 10-year tax abatement.
Property Size3,750 SF
Price / SF$233.33
Days on Market40
Property Features for 3206 W Dauphin Street
General Information
- Standard status
- Active
- Size
- 3,750 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1915
Listing Agency:
KW Empower
(413) 320-6523
Listed By:
William Hannum · License #RS358666
(413) 320-6523
Source:
Xome
Added: Jun 14
Changed: Jul 22
Last Checked: Jul 22 at 3:54AM
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 fully renovated 6-unit multifamily property offers a unit mix of four 1BR/1BA apartments, one 2BR/1BA apartment, and one 3BR/1BA apartment. The updates include brand new construction elements and designer finishes throughout, positioning the building as a turnkey offering. A pro forma is available in the listing documents.
Set on a quiet block surrounded by green, park-like open space, the property offers a residential feel while keeping access to city transportation convenient. Major SEPTA bus routes are described as being just steps from the front door, and ample on-street parking is noted as being consistently available day and night.
The listing highlights a full 10-year tax abatement, and an agent has financial interest. Listing documents include additional financial information for qualified buyers.
Set on a quiet block surrounded by green, park-like open space, the property offers a residential feel while keeping access to city transportation convenient. Major SEPTA bus routes are described as being just steps from the front door, and ample on-street parking is noted as being consistently available day and night.
The listing highlights a full 10-year tax abatement, and an agent has financial interest. Listing documents include additional financial information for qualified buyers.
Key Highlights
- Fully renovated 6‑unit multifamily at 3206 W Dauphin with unit mix of four 1BR/1BA, one 2BR/1BA, and one 3BR/1BA
- Full 10‑year tax abatement
- Central Air plus window AC and ceiling fans; vinyl flooring
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 6.74%
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 7.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Six fully renovated units with a 4-1BR/1BA, 1-2BR/1BA, and 1-3BR/1BA mix, plus a 10-year tax abatement.
Where is this apartment building located?
The property is located at 3206 W Dauphin Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Fully renovated 6‑unit multifamily at 3206 W Dauphin with unit mix of four 1BR/1BA, one 2BR/1BA, and one 3BR/1BA; Full 10‑year tax abatement; Central Air plus window AC and ceiling fans; vinyl flooring
