Duplex Property with Attached
New
For Sale
$200,000
3831 PLUMSTEAD AVENUE, Drexel Hill, PA 19026
Two-unit residential property with separate living areas, unfinished basement space, and renovation requirements.
Property Size1,638 SF
Price / SF$122.10
Days on Market7
Property Features for 3831 PLUMSTEAD AVENUE
General Information
Standard status
Active
Size
1,638 SF
Property subtype
Duplex
Building Details
Year Built
1943
Listing Agency:
RE/MAX Main Line-Paoli
(610) 640-9316
Listed By:
Ryan N Petrucci · License #RS274928
(610) 640-9316
Source:
Cummingsrealtors
Added: Jul 31
Changed: Aug 5
Last Checked: Aug 6 at 4:15AM
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 RE/MAX Main Line-Paoli
Investment Insights
Based on property information with market context.
Built in 1943, this duplex contains two separate units, each arranged with 2 bedrooms, 1 full bath, a living room, and a kitchen. The property also includes an unfinished basement and an attached 2-car garage. Central A/C is installed, but the condensers have been stolen. Some plumbing has been removed, and the property currently has no power.
The sale is strictly As Is. The buyer is responsible for obtaining the Municipal Use & Occupancy Certificate and completing required repairs, with those obligations to be addressed in the Agreement of Sale. Any contents remaining at closing will convey with the property and should also be included in the agreement. The 1,638-square-foot duplex requires renovation and is suited to a buyer planning to restore the existing multifamily layout.
The sale is strictly As Is. The buyer is responsible for obtaining the Municipal Use & Occupancy Certificate and completing required repairs, with those obligations to be addressed in the Agreement of Sale. Any contents remaining at closing will convey with the property and should also be included in the agreement. The 1,638-square-foot duplex requires renovation and is suited to a buyer planning to restore the existing multifamily layout.
Key Highlights
- Two separate units, each with 2 bedrooms, 1 full bath, living room, and kitchen
- 1,638‑square‑foot duplex built in 1943
- Attached 2‑car garage and unfinished basement
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 | $29.5k | $18.00 |
| − Vacancy | −$3.8k | −$2.34 |
| EGI | $25.6k | $15.66 |
| − OpEx | −$7.7k | −$4.70 |
| NOI | $18.0k | $10.96 |
1,638 SF · lease $18.00/SF/yr · vacancy 13.01% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$256.5K
$224.4K – $299.2K
NOI $17,954 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$234.6K
$205.3K – $273.7K
NOI $16,420 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$496.6K
$434.6K – $579.4K
NOI $34,764 @ 7.0% cap · market cap 17.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
Explore this area
Business Placement
Demographics for 19026, PA
32,021
Population
13,643
Households
2.3
Avg Household Size
39
Median Age
46%
College-Educated
94%
High-School Grad
3.6 sq mi
ZIP Area
8,895
Density / Sq Mi
$89,079
Median Household Income
$50,930
Median Earnings
$1,316
Median Rent
$243,000
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-unit residential property with separate living areas, unfinished basement space, and renovation requirements.
Where is this duplex located?
The property is located at 3831 PLUMSTEAD AVENUE Drexel Hill, PA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two separate units, each with 2 bedrooms, 1 full bath, living room, and kitchen; 1,638‑square‑foot duplex built in 1943; Attached 2‑car garage and unfinished basement
