Corner Mixed-Use
For Sale
$265,000
3244 CEDAR STREET, Philadelphia, PA 19134
The residence has three bedrooms, a full bathroom, and an additional half bath.
Property Size1,584 SF
Days on Market16
Property Features for 3244 CEDAR STREET
General Information
Standard status
Active
Size
1,584 SF
Property subtype
MixedUse
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$3,213
Building Details
Building Size
1,584 SF
Year Built
1920
Listing Agency:
Keller Williams Prime Realty
Listed By:
Brittany B. Lopez · License #RS377026
(856) 506-7995
Source:
Patmckennarealtors
Added: Oct 7
Changed: Oct 21
Last Checked: Oct 21 at 3:09AM
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 Keller Williams Prime Realty
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Investment Insights
Based on property information with market context.
This mixed-use property is an end-row townhouse built in 1920, with a corner location. The main floor combines the kitchen and living area, and laundry is also located on this level. The home includes three bedrooms, a walk-in closet, one full bathroom, and an additional half bath.
Key Highlights
- Built in 1920
- End‑row townhouse on a corner
- Three bedrooms and a walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,818
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,360
$376.4K
Cap Rate 7%
$268,829
$268.8K
Cap Rate 9%
$209,089
$209.1K
Market Conditions
NOI Build-Up for 1,584 SF
Gross rent
$34.2K $21.60/SF
− Vacancy
−$4.1K −$2.59/SF
EGI
$30.1K $19.01/SF
− OpEx
−$11.3K −$7.13/SF
NOI
$18.8K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,360
Cap Rate 7%
$268,829
Cap Rate 9%
$209,089
Alternative Uses
Best Use
Mixed Use
$268.8K
$235.2K – $313.6K
NOI $18,818 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$386.2K
$337.9K – $450.5K
NOI $27,031 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,326
Businesses Nearby
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Business Placement
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The residence has three bedrooms, a full bathroom, and an additional half bath.
Where is this mixed-use property located?
The property is located at 3244 CEDAR STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Built in 1920; End‑row townhouse on a corner; Three bedrooms and a walk‑in closet
