Residential Income Condo with
For Sale
$268,000
3750 MAIN STREET Unit 302, Philadelphia, PA 19127
Two-bedroom condominium with updated finishes, in-unit laundry, private outdoor space, and access to building amenities.
Property Size920 SF
Days on Market13
Property Features for 3750 MAIN STREET Unit 302
General Information
Standard status
Active
Size
920 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,485
Amenities
gated parking
fitness facilities
community spaces
doorman
snow removal
water
common-area maintenance
exterior maintenance
in-unit washer/dryer
balcony
Building Details
Building Size
920 SF
Year Built
2005
Listing Agency:
Compass Pennsylvania, LLC
(610) 322-1502
Listed By:
Lisa M Murphy · License #RS273368
(610) 322-1502
Source:
Patmckennarealtors
Added: Aug 13
Changed: Aug 23
Last Checked: Aug 24 at 3:21PM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
This residential income condominium includes 2 bedrooms and 2 full bathrooms within a bright, comfortably configured interior. Hardwood flooring extends through the living area, while oversized sliding glass doors open to a private balcony. The kitchen is equipped with granite countertops, stainless steel appliances, and substantial cabinetry. The primary bedroom has a walk-in closet and en-suite bathroom; the second bedroom includes two closets and new carpeting. An in-unit stacked washer and dryer adds convenience. Built in 2005, the property also offers gated parking, fitness facilities, community spaces, a doorman, and two elevators. Building services include snow removal, water, common-area maintenance, and exterior maintenance.
The condominium is located at 3750 Main Street, Unit 302, in Philadelphia’s Manayunk area. Restaurants, shops, entertainment, public transportation, and major access routes are described as being nearby, placing everyday services and transportation options close to the property.
The condominium is located at 3750 Main Street, Unit 302, in Philadelphia’s Manayunk area. Restaurants, shops, entertainment, public transportation, and major access routes are described as being nearby, placing everyday services and transportation options close to the property.
Key Highlights
- 2‑bedroom, 2‑bath condominium at 3750 Main Street, Unit 302
- Private balcony accessed through oversized sliding glass doors
- Kitchen with granite countertops and stainless steel appliances
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
$14,471
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
5.40%
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%
$289,420
$289.4K
Cap Rate 7%
$206,729
$206.7K
Cap Rate 9%
$160,789
$160.8K
Market Conditions
NOI Build-Up for 920 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
$27.9K $30.36/SF
− Vacancy
−$1.6K −$1.76/SF
EGI
$26.3K $28.60/SF
− OpEx
−$11.8K −$12.87/SF
NOI
$14.5K $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 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%
$289,420
Cap Rate 7%
$206,729
Cap Rate 9%
$160,789
Alternative Uses
Best Use
Apartment 5plus
$206.7K
$180.9K – $241.2K
NOI $14,471 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$224.3K
$196.3K – $261.7K
NOI $15,700 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,669
Businesses Nearby
Explore this area
Business Placement
Demographics for 19127, PA
6,929
Population
3,496
Households
2
Avg Household Size
29
Median Age
77%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
11,548
Density / Sq Mi
$99,792
Median Household Income
$73,061
Median Earnings
$1,765
Median Rent
$298,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with updated finishes, in-unit laundry, private outdoor space, and access to building amenities.
Where is this residential income property located?
The property is located at 3750 MAIN STREET Unit 302 Philadelphia, PA.
What is the asking price?
The asking price for this property is $268,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bath condominium at 3750 Main Street, Unit 302; Private balcony accessed through oversized sliding glass doors; Kitchen with granite countertops and stainless steel appliances
