Two-Unit Duplex With In-Unit
3252 Miller Street Philadelphia, PA 19134
For Sale
$415,000
Duplex for sale with two rental units, each featuring in-unit laundry and central air conditioning.
Property Size1,312 SF
Price / SF$316.31
Days on Market632
Property Features for 3252 Miller Street
General Information
- Standard status
- Active
- Size
- 1,312 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1910
Listing Agency:
RE/MAX One Realty
(856) 701-3512
Listed By:
William Avdula Ndreu · License #RS323422
(856) 701-3512
Source:
Compass
Added: Nov 1, 2024
Changed: Jul 21
Last Checked: Jul 23 at 10:10AM
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 RE/MAX One Realty
Investment Insights
Based on property information with market context.
This duplex includes two separate units. The first-floor unit offers two bedrooms and two bathrooms and is currently rented. The second-floor unit offers two bedrooms and one bathroom and is also currently rented. Both units have modern kitchens with stainless steel appliances, in-unit laundry facilities, central air conditioning, and their own meters. The property also features brand new windows, high-efficiency heating and air conditioning systems, and LED lighting throughout.
The property is located at 3252 Miller Street in Philadelphia, Pennsylvania (19134). The listing notes gross annual income of $34,800, with current rents of $1,400 per month for the first-floor unit and $1,500 per month for the second-floor unit.
The property is located at 3252 Miller Street in Philadelphia, Pennsylvania (19134). The listing notes gross annual income of $34,800, with current rents of $1,400 per month for the first-floor unit and $1,500 per month for the second-floor unit.
Key Highlights
- Duplex with two rented units: first‑floor 2 bed/2 bath and second‑floor 2 bed/1 bath
- Current rents: first unit $1,400/month and second unit $1,500/month
- Gross annual rental income: $34,800
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 | $33.8k | $25.80 |
| − Vacancy | −$1.9k | −$1.42 |
| EGI | $32.0k | $24.38 |
| − OpEx | −$9.6k | −$7.31 |
| NOI | $22.4k | $17.06 |
1,312 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$319.8K
$279.9K – $373.2K
NOI $22,389 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$294.8K
$258.0K – $344.0K
NOI $20,637 @ 7.0% cap · market cap 4.97%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex for sale with two rental units, each featuring in-unit laundry and central air conditioning.
Where is this duplex located?
The property is located at 3252 Miller Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Duplex with two rented units: first‑floor 2 bed/2 bath and second‑floor 2 bed/1 bath; Current rents: first unit $1,400/month and second unit $1,500/month; Gross annual rental income: $34,800
