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    Updated Duplex in Holmesburg Title is generated by Realmo AI

    3408 Hess Street, Philadelphia, PA 19136

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    For Sale
    $370,000

    Well-maintained duplex with updated units, ideal for investors or owners.

    Type:Multi-Family / Fee Simple
    Property size:
    1,840 SF
    Price / SF:
    $201/SF
    Added:
    May 19, 2026
    Days on Market:
    18
    Last Refresh:
    May 20 at 5:20 am

    Property Features for 3408 Hess Street

    General Information

    Standard status
    Active
    Size
    1,840 SF
    Property subtype
    Multi-Family / Fee Simple

    Building Details

    Year Built
    1978

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    Listing Contact
    Gianfranco Illiano

    Listing agent Gianfranco Illiano License #RS372591

    Listing office Keller Williams Real Estate-Langhorne

    Listing date May 19, 2026

    Source Compass

    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 Real Estate-Langhorne

    HighLights

    • Updated duplex featuring two 2‑bedroom, 1‑bathroom units in excellent condition
    • Each unit includes its own laundry
    • Finished basement accessible to the first‑floor unit
    • Large garage and newly redone rear yard
    • Second‑floor unit occupied by a long‑term tenant with an excellent payment history
    • Newly replaced front driveway

    Overview

    This well-maintained duplex is located in the Holmesburg section of Philadelphia. It features two 2-bedroom, 1-bathroom units, both updated with newer kitchens and bathrooms and in excellent condition. Each unit includes its own laundry. The property also features a finished basement accessible to the first-floor unit, a large garage, a newly redone rear yard, and a newly replaced front driveway. The second-floor unit is occupied by a long-term tenant with an excellent payment history. The first-floor unit was recently vacated and is move-in ready. This property presents an excellent opportunity for both investors and owner-occupants looking to live in one unit while renting out the other. The property size is 1840 square feet.

    Local 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 $47.5k $25.80
    − Vacancy −$2.6k −$1.42
    EGI $44.9k $24.38
    − OpEx −$13.5k −$7.31
    NOI $31.4k $17.06
    1,840 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $448.6K
    $392.5K – $523.3K (±1% cap)
    NOI $31,399 @ 7.0% cap · market cap 8.49%
    Second Best
    Apartment 5plus
    $413.5K
    $361.8K – $482.4K (±1% cap)
    NOI $28,942 @ 7.0% cap · market cap 7.82%
    Theoretical Best
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.024169
    Latitude
    40.0462915

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with updated units, ideal for investors or owners.
    Where is this duplex located?
    The property is located at 3408 Hess Street Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $370,000.
    What are key features of this property?
    This property features: Updated duplex featuring two 2‑bedroom, 1‑bathroom units in excellent condition; Each unit includes its own laundry; Finished basement accessible to the first‑floor unit
    More about this property
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