Duplex with Central
For Sale
$250,000
3818 N PARK AVENUE, Philadelphia, PA 19140
Each residence includes dedicated laundry equipment within a two-level residential configuration.
Property Size1,206 SF
Days on Market42
Property Features for 3818 N PARK AVENUE
General Information
Standard status
Active
Size
1,206 SF
Property subtype
Duplex
Units
Unit Mix
2BR, 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$334
Amenities
washer/dryer
central air
Building Details
Building Size
1,206 SF
Year Built
1936
Listing Agency:
Springer Realty Group
(302) 388-5634
Listed By:
Rodney Griffin II · License #RS343536
(302) 388-5634
Source:
Patmckennarealtors
Added: Jun 25
Changed: Aug 4
Last Checked: Aug 4 at 7:22AM
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
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 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 | $31.1k | $25.80 |
| − Vacancy | −$1.7k | −$1.42 |
| EGI | $29.4k | $24.38 |
| − OpEx | −$8.8k | −$7.31 |
| NOI | $20.6k | $17.06 |
1,206 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
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.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,232
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 AVENUE 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
