Recently Renovated
For Sale
$450,000
3281 RED LION ROAD, Philadelphia, PA 19114
Two matching two-bedroom units feature updated interiors, private outdoor areas, and dedicated parking.
Property Size1,116 SF
Price / SF$403.23
Days on Market55
Property Features for 3281 RED LION ROAD
General Information
Standard status
Active
Size
1,116 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 2bd/1ba
Multifamily Units
2
Building Details
Year Built
1974
Listing Agency:
Keller Williams Main Line
(610) 520-0100
Listed By:
Daniel Tae Kim · License #RS342404
(267) 231-0061
Source:
Cummingsrealtors
Added: Aug 29
Changed: Oct 21
Last Checked: Oct 20 at 9:26PM
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 Main Line
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1974, this duplex contains two similarly configured residences, each with two bedrooms and one bathroom. Recent rehabilitation brought granite countertops, white shaker cabinetry, stainless steel appliances, luxury vinyl plank flooring, and recessed LED lighting to the interiors. Unit 2 adds an in-unit washer and dryer plus a private balcony, while Unit 1 offers access to a private backyard.
The property is located at 3281 Red Lion Road in Philadelphia, PA 19114. Unit 1 is occupied by a long-term tenant with a lease ending in February; Unit 2 is vacant and currently offered for rent. Two dedicated parking spaces are positioned in front of the building.
The property is located at 3281 Red Lion Road in Philadelphia, PA 19114. Unit 1 is occupied by a long-term tenant with a lease ending in February; Unit 2 is vacant and currently offered for rent. Two dedicated parking spaces are positioned in front of the building.
Key Highlights
- Duplex with two 2bd/1ba units
- Recently rehabbed interiors with granite countertops, white shaker cabinets, and stainless steel appliances
- Unit 2 includes an in‑unit washer and dryer and private outdoor balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,044
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,880
$380.9K
Cap Rate 7%
$272,057
$272.1K
Cap Rate 9%
$211,600
$211.6K
Market Conditions
NOI Build-Up for 1,116 SF
Gross rent
$28.8K $25.80/SF
− Vacancy
−$1.6K −$1.42/SF
EGI
$27.2K $24.38/SF
− OpEx
−$8.2K −$7.31/SF
NOI
$19.0K $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%
$380,880
Cap Rate 7%
$272,057
Cap Rate 9%
$211,600
Alternative Uses
Best Use
Multifamily LT 5
$272.1K
$238.1K – $317.4K
NOI $19,044 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$250.8K
$219.4K – $292.6K
NOI $17,554 @ 7.0% cap · market cap 3.90%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Explore this area
Business Placement
Demographics for 19114, PA
32,645
Population
14,703
Households
2.2
Avg Household Size
43
Median Age
30%
College-Educated
91%
High-School Grad
5.6 sq mi
ZIP Area
5,829
Density / Sq Mi
$76,076
Median Household Income
$48,257
Median Earnings
$1,369
Median Rent
$276,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching two-bedroom units feature updated interiors, private outdoor areas, and dedicated parking.
Where is this duplex located?
The property is located at 3281 RED LION ROAD Philadelphia, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Duplex with two 2bd/1ba units; Recently rehabbed interiors with granite countertops, white shaker cabinets, and stainless steel appliances; Unit 2 includes an in‑unit washer and dryer and private outdoor balcony
