Renovated Duplex with Finished
For Sale
$464,900
3421 N 22nd St, Philadelphia, PA 19140
Two-unit residential property with updated kitchens, private laundry, and durable masonry construction.
Property Size2,572 SF
Price / SF$180.75
Days on Market55
Property Features for 3421 N 22nd St
General Information
Standard status
Active
Size
2,572 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
North Philadelphia
Additional Details
Multifamily Units
2
Amenities
finished basement
in-unit washer/dryer
high-end appliances
on-street parking
Building Details
Year Built
1940
Construction
masonry
Listing Agency:
Giraldo Real Estate Group
Listed By:
Jackeline Estrada · License #RS377975
(267) 506-3230
Source:
Bethsamberg
Added: Sep 6
Changed: Oct 25
Last Checked: Oct 7 at 12:57PM
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 contains two residential units with finished basement space that can support additional living or recreational use. Each unit includes a modern kitchen equipped with a refrigerator, stove, and microwave, along with an in-unit washer and dryer. Masonry construction provides a durable building envelope, while natural light contributes to the interior environment. On-street parking is available for added convenience.
Built in 1940, the property is located at 3421 N 22ND STREET in Philadelphia, Pennsylvania. Its two-unit configuration offers flexibility for an owner occupant or an investor seeking residential rental use, with both units supported by updated finishes and practical household amenities.
Built in 1940, the property is located at 3421 N 22ND STREET in Philadelphia, Pennsylvania. Its two-unit configuration offers flexibility for an owner occupant or an investor seeking residential rental use, with both units supported by updated finishes and practical household amenities.
Key Highlights
- Two‑unit duplex with a finished basement
- Renovated interiors with modern kitchens
- Each unit includes a refrigerator, stove, and microwave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,456
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$809,120
$809.1K
Cap Rate 7%
$577,943
$577.9K
Cap Rate 9%
$449,511
$449.5K
Market Conditions
NOI Build-Up for 2,572 SF
Gross rent
$78.1K $30.36/SF
− Vacancy
−$4.5K −$1.76/SF
EGI
$73.6K $28.60/SF
− OpEx
−$33.1K −$12.87/SF
NOI
$40.5K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$809,120
Cap Rate 7%
$577,943
Cap Rate 9%
$449,511
Alternative Uses
Best Use
Multifamily LT 5
$627.0K
$548.6K – $731.5K
NOI $43,891 @ 7.0% cap · market cap 9.44%
Second Best
Apartment 5plus
$577.9K
$505.7K – $674.3K
NOI $40,456 @ 7.0% cap · market cap 8.70%
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
1,243
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-unit residential property with updated kitchens, private laundry, and durable masonry construction.
Where is this duplex located?
The property is located at 3421 N 22nd St Philadelphia, PA.
What is the asking price?
The asking price for this property is $464,900.
What are key features of this property?
This property features: Two‑unit duplex with a finished basement; Renovated interiors with modern kitchens; Each unit includes a refrigerator, stove, and microwave
