Duplex with Central
For Sale
$250,000
3818 N PARK AVE, Philadelphia, PA 19140
Each residence includes dedicated laundry equipment within a two-level residential configuration.
Property Size1,206 SF
Price / SF$207.30
Days on Market93
Property Features for 3818 N PARK AVE
General Information
Standard status
Active
Size
1,206 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
North Philadelphia
Units
Unit Mix
2BR, 1BR
Multifamily Units
2
Amenities
washer/dryer
central air
Listing Agency:
Springer Realty Group
(484) 498-4000
Listed By:
Rodney Griffin II · License #RS343536
(302) 388-5634
Source:
Careyrealtygroup
Added: Aug 3
Changed: Oct 26
Last Checked: Nov 3 at 6:22AM
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 Springer Realty Group
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Investment Insights
Based on property information with market context.
Built in 1936, this legally zoned duplex contains a two-bedroom upper residence and a one-bedroom unit on the first floor. Each unit includes its own washer and dryer, along with central air conditioning.
The property is located at 3818 N Park Avenue in Philadelphia, Pennsylvania 19140. Lead certificates, rental licenses, and leases are to be provided to the buyer before closing.
The property is located at 3818 N Park Avenue in Philadelphia, Pennsylvania 19140. Lead certificates, rental licenses, and leases are to be provided to the buyer before closing.
Key Highlights
- Two‑bedroom upper unit and one‑bedroom first‑floor unit
- Legally zoned duplex
- Washer and dryer in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,580
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,600
$411.6K
Cap Rate 7%
$294,000
$294.0K
Cap Rate 9%
$228,667
$228.7K
Market Conditions
NOI Build-Up for 1,206 SF
Gross rent
$31.1K $25.80/SF
− Vacancy
−$1.7K −$1.42/SF
EGI
$29.4K $24.38/SF
− OpEx
−$8.8K −$7.31/SF
NOI
$20.6K $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%
$411,600
Cap Rate 7%
$294,000
Cap Rate 9%
$228,667
Alternative Uses
Best Use
Multifamily LT 5
$294.0K
$257.3K – $343.0K
NOI $20,580 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$271.0K
$237.1K – $316.2K
NOI $18,970 @ 7.0% cap · market cap 7.59%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,232
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 - Each residence includes dedicated laundry equipment within a two-level residential configuration.
Where is this duplex located?
The property is located at 3818 N PARK AVE Philadelphia, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑bedroom upper unit and one‑bedroom first‑floor unit; Legally zoned duplex; Washer and dryer in each unit
