Multifamily Property with
New
For Sale
$259,000
3228 N SYDENHAM STREET, Philadelphia, PA 19140
Bi-level residential property with an in-law suite, air conditioning, and all-electric service.
Property Size1,260 SF
Days on Market2
Property Features for 3228 N SYDENHAM STREET
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$859
Building Details
Building Size
1,260 SF
Year Built
1940
Buildings
4
Listing Agency:
Howard Hanna Real Estate Services
(215) 704-5933
Listed By:
Holly Anne Smith · License #rs307993
(215) 704-5933
Source:
Patmckennarealtors
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 4 at 2:02AM
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 Howard Hanna Real Estate Services
Investment Insights
Based on property information with market context.
This multifamily property is configured as a bi-level single-family-style residence with 4 bedrooms, a garage containing 3 rooms, and an in-law suite with air conditioning. The property uses all-electric systems and is described as occupied by tenants. It is being offered as part of a package that includes three additional Philadelphia properties, including single-family, 4-unit, and 5-unit properties.
The property is located at 3228 N. Sydenham Street in Philadelphia, Pennsylvania 19140. It was built in 1940 and is being sold in as-is condition. Buyers are responsible for completing independent due diligence and verifying property, licensing, zoning, and other applicable information with the appropriate governmental agencies.
The property is located at 3228 N. Sydenham Street in Philadelphia, Pennsylvania 19140. It was built in 1940 and is being sold in as-is condition. Buyers are responsible for completing independent due diligence and verifying property, licensing, zoning, and other applicable information with the appropriate governmental agencies.
Key Highlights
- Bi‑level layout with 4 bedrooms
- In‑law suite with air conditioning
- Garage includes 3 rooms
Financial Insights For Multifamily LT 5
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 | $32.5k | $25.80 |
| − Vacancy | −$1.8k | −$1.42 |
| EGI | $30.7k | $24.38 |
| − OpEx | −$9.2k | −$7.31 |
| NOI | $21.5k | $17.06 |
1,260 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$307.2K
$268.8K – $358.4K
NOI $21,502 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$283.1K
$247.7K – $330.3K
NOI $19,819 @ 7.0% cap · market cap 7.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,304
Businesses Nearby
Explore this area
Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
Median Home Value
Market
Properties on Market for Multifamily properties in Philadelphia
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?
Multifamily property - Bi-level residential property with an in-law suite, air conditioning, and all-electric service.
Where is this multifamily property located?
The property is located at 3228 N SYDENHAM STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Bi‑level layout with 4 bedrooms; In‑law suite with air conditioning; Garage includes 3 rooms
