Updated Two-Unit
New
For Sale
$360,000
3711 MIMI CIRCLE, Philadelphia, PA 19131
Multi-Family, PHILADELPHIA, PA
Property Size2,074 SF
Lot Size0.05 Acres
Price / SF$173.58
Days on Market2
Property Features for 3711 MIMI CIRCLE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement, Dining Room
Parking
4
Parking features
Off Street, On Street, Garage - Attached, Driveway
Interior features
Bathroom - Tub Shower, Carpet, Ceiling Fan(s), Dining Area, Kitchen - Efficiency, Skylight(s), Upgraded Countertops, Wood Floors, Recessed Lighting
Appliances
Dishwasher, Dryer, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, WaterHeater, Built-In Microwave, Disposal
Subdivision
WYNNEFIELD HEIGHTS
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,074 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
4225
Utilities
Heating system
Forced Air
Cooling system
Ceiling Fan(s)
Amenities
basement storage
laundry area
ceiling fans
Building Details
Year built
1960
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Elfant Wissahickon-Chestnut Hill
(215) 247-3600
Listed By:
Constance Gillespie · License #RS175650L
(215) 805-0695
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 3 at 2:06PM
MLS# PAPH2665264
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This masonry duplex contains two separate residential apartments, each offering two bedrooms, one bathroom, a dining area, kitchen, and comfortable room sizes. The first-floor unit includes hardwood flooring, granite countertops, stainless steel appliances, a tile backsplash, built-in microwave, and an updated bathroom. The upper apartment features a modern kitchen, wall-to-wall carpeting, and a bathroom with a skylight. Ceiling fans serve both units, and the interior stair halls have been repainted.
A full basement provides storage for both apartments along with a laundry area equipped with a washer and dryer. The attached two-car garage connects directly to the house, with additional driveway and on-street parking. Constructed in 1960, the property occupies 0.0506 acres and contains 2,074 square feet. The address is near City Line Avenue, public transportation, St. Joseph's University, Philadelphia College of Osteopathic Medicine, Fairmount Park, and I-76.
A full basement provides storage for both apartments along with a laundry area equipped with a washer and dryer. The attached two-car garage connects directly to the house, with additional driveway and on-street parking. Constructed in 1960, the property occupies 0.0506 acres and contains 2,074 square feet. The address is near City Line Avenue, public transportation, St. Joseph's University, Philadelphia College of Osteopathic Medicine, Fairmount Park, and I-76.
Key Highlights
- Two 2‑bedroom, 1‑bathroom apartments
- 2,074 square feet on a 0.0506‑acre lot
- Attached 2‑car garage with interior access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,623
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$652,460
$652.5K
Cap Rate 7%
$466,043
$466.0K
Cap Rate 9%
$362,478
$362.5K
Market Conditions
NOI Build-Up for 2,074 SF
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.
Gross rent
$63.0K $30.36/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$59.3K $28.60/SF
− OpEx
−$26.7K −$12.87/SF
NOI
$32.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$652,460
Cap Rate 7%
$466,043
Cap Rate 9%
$362,478
Alternative Uses
Best Use
Multifamily LT 5
$505.6K
$442.4K – $589.9K
NOI $35,393 @ 7.0% cap · market cap 9.83%
Second Best
Apartment 5plus
$466.0K
$407.8K – $543.7K
NOI $32,623 @ 7.0% cap · market cap 9.06%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
886
Businesses Nearby
Explore this area
Business Placement
Demographics for 19131, PA
42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
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 - Two residential units with private storage, laundry facilities, and an attached garage support flexible occupancy arrangements.
Where is this duplex located?
The property is located at 3711 MIMI CIRCLE Philadelphia, PA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom apartments; 2,074 square feet on a 0.0506‑acre lot; Attached 2‑car garage with interior access
