Renovated 2-Unit
For Sale
$289,900
Pending
3261 N 13TH STREET, Philadelphia, PA 19140
Updated residential income property with finished basement, fenced outdoor space, and convenient access to transit and neighborhood services.
Property Size1,500 SF
Days on Market70
Property Features for 3261 N 13TH STREET
General Information
Standard status
Pending
Size
1,500 SF
Property subtype
Duplex
Site & Location
Neighborhood
North Philadelphia
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,728
Amenities
basement
laundry facilities
private tenant storage
fenced backyard
rear patio
Building Details
Building Size
1,500 SF
Year Built
1940
Buildings
1
Listing Agency:
Giraldo Real Estate Group
Listed By:
Jackeline Estrada · License #RS377975
(267) 506-3230
Source:
Lizclarkrealestate
Added: Aug 17
Changed: Oct 21
Last Checked: Oct 23 at 4:38PM
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 Giraldo Real Estate Group
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Investment Insights
Based on property information with market context.
This renovated duplex at 3261 N 13th Street, Philadelphia, PA 19140 contains two residential units, each arranged with 2 bedrooms and 1 full bathroom. Interior improvements include stainless steel appliances, recessed lighting, and refreshed finishes. The fully finished basement adds laundry facilities and private storage areas for the occupants. A fenced backyard and rear patio provide additional exterior space.
The property is positioned near Temple University Hospital, the Broad & Allegheny subway station, Regional Rail, shopping, and other transportation options. Built in 1940 and measuring 1,500 square feet, the building offers a two-unit configuration suited to rental use or owner occupancy with a separate unit.
The property is positioned near Temple University Hospital, the Broad & Allegheny subway station, Regional Rail, shopping, and other transportation options. Built in 1940 and measuring 1,500 square feet, the building offers a two-unit configuration suited to rental use or owner occupancy with a separate unit.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 full bathroom in each unit
- Renovated interiors with stainless steel appliances and recessed lighting
- Fully finished basement includes laundry facilities and private tenant storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,597
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,940
$511.9K
Cap Rate 7%
$365,671
$365.7K
Cap Rate 9%
$284,411
$284.4K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$38.7K $25.80/SF
− Vacancy
−$2.1K −$1.42/SF
EGI
$36.6K $24.38/SF
− OpEx
−$11.0K −$7.31/SF
NOI
$25.6K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,940
Cap Rate 7%
$365,671
Cap Rate 9%
$284,411
Alternative Uses
Best Use
Multifamily LT 5
$365.7K
$320.0K – $426.6K
NOI $25,597 @ 7.0% cap · market cap 8.83%
Second Best
Apartment 5plus
$337.1K
$294.9K – $393.2K
NOI $23,594 @ 7.0% cap · market cap 8.14%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,263
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated residential income property with finished basement, fenced outdoor space, and convenient access to transit and neighborhood services.
Where is this duplex located?
The property is located at 3261 N 13TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 full bathroom in each unit; Renovated interiors with stainless steel appliances and recessed lighting; Fully finished basement includes laundry facilities and private tenant storage
