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Renovated Duplex with Basement
For Sale
$325,000

3523 JASPER STREET, Philadelphia, PA 19134

Two updated residences feature central air, in-unit laundry, refreshed kitchens, and contemporary finishes.

Property Size1,684 SF
Days on Market52

Property Features for 3523 JASPER STREET

General Information

Standard status Active
Size 1,684 SF
Property subtype Duplex

Site & Location

Neighborhood Kensington
Highway Access Yes
Public Transit Yes

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $1,765

Amenities

central air
in unit laundry
updated kitchen
private access to rear yard
full basement

Building Details

Building Size 1,684 SF
Year Built 1920
Buildings 1
Listing Agency: Realty ONE Group Focus
Listed By: Alexis C Matos · License #RS344022
Source: Patmckennarealtors
Added: Sep 11 Changed: Oct 31 Last Checked: Oct 30 at 11:31PM

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 Realty ONE Group Focus

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Investment Insights

Based on property information with market context.

Built in 1920, this legal duplex contains two renovated residences, each arranged with two bedrooms and one full bathroom. Both units include central air, in-unit laundry, updated kitchens, and modern finishes. The first-floor residence also has private rear-yard access and use of the full basement for storage and additional functionality.

The renovation extended beyond the living spaces, with improvements to the roof, windows, exterior brick, plumbing, electrical systems, and sidewalks. The property is located in Philadelphia’s 19134 area, with access to Center City, neighborhood shopping, major highways, public transportation, and everyday amenities.

Key Highlights

  • Legal two‑unit duplex with two bedrooms and one full bathroom per residence
  • Renovated roof, windows, exterior brick, plumbing, electrical, and sidewalks
  • Central air, in‑unit laundry, updated kitchens, and modern finishes in both units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$28,737
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,740 $574.7K
Cap Rate 7%
$410,529 $410.5K
Cap Rate 9%
$319,300 $319.3K
Market Conditions
NOI Build-Up for 1,684 SF
Gross rent
$43.4K $25.80/SF
− Vacancy
−$2.4K −$1.42/SF
EGI
$41.1K $24.38/SF
− OpEx
−$12.3K −$7.31/SF
NOI
$28.7K $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%
$574,740
Cap Rate 7%
$410,529
Cap Rate 9%
$319,300

Alternative Uses

Best Use
Multifamily LT 5
$410.5K
$359.2K – $479.0K (±1% cap)
NOI $28,737 @ 7.0% cap · market cap 8.84%
Second Best
Apartment 5plus
$378.4K
$331.1K – $441.5K (±1% cap)
NOI $26,489 @ 7.0% cap · market cap 8.15%
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
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,131
Businesses Nearby

Demographics for 19134, PA

57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two updated residences feature central air, in-unit laundry, refreshed kitchens, and contemporary finishes.
Where is this duplex located?
The property is located at 3523 JASPER STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Legal two‑unit duplex with two bedrooms and one full bathroom per residence; Renovated roof, windows, exterior brick, plumbing, electrical, and sidewalks; Central air, in‑unit laundry, updated kitchens, and modern finishes in both units
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