3818 N PARK Avenue, Philadelphia, PA 19140
MULTI_FAMILY - PHILADELPHIA, PA
- Added:
- Jun 25, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 27 at 4:06 pm
Property Features for 3818 N PARK Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,206 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 334
Utilities
- Heating system
- Heat Pump (Heating), Central
- Cooling system
- Central Air, Ductless
Building Details
- Year built
- 1936
- Number of units
- 1
- Building materials
- Masonry
Listing agent Rodney Griffin II License #RS343536 (302) 388-5634
Listing office Springer Realty Group 760 Constitution Drive unit: 106, Exton, PA (484) 498-4000
Listing date Jun 25, 2026
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.
HighLights
- Legally zoned duplex and triplex package deal for sale, with properties one block apart
- Construction materials: masonry; year built 1936
- Multiple units include central air and ductless cooling options
- Each unit includes in‑unit W/D; central air listed
- 3818 N Park: 2BR upstairs plus 1BR unit on first floor
- 1242 W Airdrie St: 2BR first floor with two 1BR units on second floor (wall heaters and shared laundry)
Overview
The properties are located one block away from each other. The second address, 1242 W Airdrie Street, offers a 2-bedroom unit on the first floor and two 1-bedroom units on the second floor. That property features wall heaters and a shared laundry setup.
For buyers, the offering is designed to streamline acquisition and transition, with lead certifications, rental licenses, and leases provided to the buyer prior to closing. Showings are intended for serious buyers only, and the package format may be of interest to operators or investors looking to manage multiple income units within close proximity.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1497574
- Latitude
- 40.0111542
