6-Unit Renovated Apartment
For Sale
$845,000
3206 W DAUPHIN STREET, Philadelphia, PA 19132
Renovated multifamily property with six varied floor plans, transit access, and a 10-year tax abatement.
Property Size3,750 SF
Days on Market51
Property Features for 3206 W DAUPHIN STREET
General Information
Standard status
Active
Size
3,750 SF
Property subtype
Five Or More Units
Net Operating Income
$72,000
Units
Unit Mix
4 x 1BR/1BA, 1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
6
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,397
Building Details
Building Size
3,750 SF
Year Built
1915
Listing Agency:
KW Empower
(413) 320-6523
Listed By:
William Taylor Hannum · License #RS358666
(413) 320-6523
Source:
Lizclarkrealestate
Added: Jun 16
Changed: Aug 5
Last Checked: Aug 5 at 5:56AM
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 six-unit apartment building at 3206 W Dauphin Street in Philadelphia has been fully renovated and offers a mix of four one-bedroom, one-bath units, one two-bedroom, one-bath unit, and one three-bedroom, one-bath unit. The property was built in 1915 and updated with contemporary interior finishes. A full 10-year tax abatement is in place, and the asset reports an 8.5%+ cap rate.
The property occupies a quiet residential block with green open space nearby. SEPTA bus routes are located steps from the building, providing direct transit access, while consistently available on-street parking supports residents. The unit mix provides exposure to multiple apartment formats within a compact multifamily asset.
The property occupies a quiet residential block with green open space nearby. SEPTA bus routes are located steps from the building, providing direct transit access, while consistently available on-street parking supports residents. The unit mix provides exposure to multiple apartment formats within a compact multifamily asset.
Key Highlights
- Six‑unit apartment building with four 1BR/1BA, one 2BR/1BA, and one 3BR/1BA units
- Fully renovated interiors with contemporary designer finishes
- 8.5%+ cap rate reported
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
Lease Details
6
Residential units
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated multifamily property with six varied floor plans, transit access, and 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 $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; Fully renovated interiors with contemporary designer finishes; 8.5%+ cap rate reported
