Renovated Bi-Level
For Sale
$319,900
3320 N PARK AVENUE, Philadelphia, PA 19140
Two separate apartments provide two- and three-bedroom layouts, including a distinctive bi-level upper residence.
Property Size1,366 SF
Days on Market69
Property Features for 3320 N PARK AVENUE
General Information
Standard status
Active
Size
1,366 SF
Property subtype
Duplex
Site & Location
Neighborhood
North Philadelphia
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,208
Building Details
Building Size
1,366 SF
Year Built
1940
Year Renovated
2023
Listing Agency:
Quality Real Estate-Broad St
Listed By:
Celenia Martinez · License #RS331750
(267) 694-0246
Source:
Mainlinekw
Added: Aug 17
Changed: Oct 21
Last Checked: Oct 23 at 2:48PM
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 Quality Real Estate-Broad St
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Investment Insights
Based on property information with market context.
This duplex contains two separate apartments with practical residential layouts. The first-floor unit offers two bedrooms and one-level living, while the upper apartment includes three bedrooms within a bi-level design that separates living areas from bedrooms. A welcoming front porch adds usable outdoor space. The property was renovated in 2023 and was built in 1940.
Located in Philadelphia’s Temple University area, the property is near schools, medical services, shopping, dining, transportation, and everyday amenities. Security patrols serving the area and community are also noted. The first-floor apartment is currently rented, and the property includes a 10 year tax abatement incentive.
Located in Philadelphia’s Temple University area, the property is near schools, medical services, shopping, dining, transportation, and everyday amenities. Security patrols serving the area and community are also noted. The first-floor apartment is currently rented, and the property includes a 10 year tax abatement incentive.
Key Highlights
- Renovated in 2023
- Two separate apartments with two- and three‑bedroom layouts
- Upper apartment features a bi‑level floor plan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,311
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,220
$466.2K
Cap Rate 7%
$333,014
$333.0K
Cap Rate 9%
$259,011
$259.0K
Market Conditions
NOI Build-Up for 1,366 SF
Gross rent
$35.2K $25.80/SF
− Vacancy
−$1.9K −$1.42/SF
EGI
$33.3K $24.38/SF
− OpEx
−$10.0K −$7.31/SF
NOI
$23.3K $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%
$466,220
Cap Rate 7%
$333,014
Cap Rate 9%
$259,011
Alternative Uses
Best Use
Multifamily LT 5
$333.0K
$291.4K – $388.5K
NOI $23,311 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$307.0K
$268.6K – $358.1K
NOI $21,487 @ 7.0% cap · market cap 6.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,263
Businesses Nearby
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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 - Two separate apartments provide two- and three-bedroom layouts, including a distinctive bi-level upper residence.
Where is this duplex located?
The property is located at 3320 N PARK AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Renovated in 2023; Two separate apartments with two- and three‑bedroom layouts; Upper apartment features a bi‑level floor plan
