Renovated Duplex with Large
For Sale
$240,000
3542 North Randolph Street, Philadelphia, PA 19140
...
Property Size1,200 SF
Price / SF$200
Days on Market78
Property Features for 3542 North Randolph Street
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Multi-Family / Fee Simple
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1942
Year Renovated
2025
Tenancy
Multi
Listing Agency:
The Greene Realty Group
(860) 560-1006
Listed By:
Derek J. Greene · License #SBR004802
(860) 560-1006
Source:
Compass
Added: May 16
Changed: Jul 10
Last Checked: Jul 31 at 11:43AM
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 The Greene Realty Group
Investment Insights
Based on property information with market context.
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Key Highlights
- Newly renovated duplex with an active rental license in Philadelphia, featuring 1‑bedroom + den on the 1st floor and a 2‑bedroom unit on the 2nd floor
- All new electrical and plumbing completed in 2025, plus all new appliances
- 1st‑floor unit is on a month‑to‑month lease; seller states it can be given 60‑day notice to vacate
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 | $31.0k | $25.80 |
| − Vacancy | −$1.7k | −$1.42 |
| EGI | $29.3k | $24.38 |
| − OpEx | −$8.8k | −$7.31 |
| NOI | $20.5k | $17.06 |
1,200 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$292.5K
$256.0K – $341.3K
NOI $20,478 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$269.6K
$235.9K – $314.6K
NOI $18,875 @ 7.0% cap · market cap 7.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,644
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - ...
Where is this duplex located?
The property is located at 3542 North Randolph Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Newly renovated duplex with an active rental license in Philadelphia, featuring 1‑bedroom + den on the 1st floor and a 2‑bedroom unit on the 2nd floor; All new electrical and plumbing completed in 2025, plus all new appliances; 1st‑floor unit is on a month‑to‑month lease; seller states it can be given 60‑day notice to vacate
