Two-Building Mixed-Use
For Sale
$390,000
3834 LANCASTER AVENUE, Philadelphia, PA 19104
Leased structures pair ground-floor retail with bi-level apartments and separate utilities across both buildings.
Property Size1,822 SF
Days on Market59
Property Features for 3834 LANCASTER AVENUE
General Information
Standard status
Active
Size
1,822 SF
Property subtype
MixedUse
Occupancy
100%
Financials
Asking Price
$800,000
Gross Income
$66,600
Taxes and HOA fees
Annual Taxes
$4,692
Building Details
Building Size
1,822 SF
Year Built
1915
Buildings
2
Listing Agency:
New Age Realty Group Inc
Listed By:
Christos Tzimoulis · License #RM423707
(215) 387-1002
Source:
Patmckennarealtors
Added: Aug 25
Changed: Oct 19
Last Checked: Oct 21 at 5:30AM
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 New Age Realty Group Inc
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Investment Insights
Based on property information with market context.
This mixed-use offering includes the buildings at 3834 and 3836 Lancaster Avenue, which are being conveyed together. Each structure combines a first-floor retail component with an upper-level bi-level apartment featuring three bedrooms and two bathrooms. Utilities are separate, and all three units are fully leased. The buildings date to 1915.
The property is situated on Lancaster Avenue in University City, with proximity to Drexel University, UPENN, and Penn Presbyterian Medical Center. The combination of commercial space and residential units creates a three-unit configuration within the two-building offering.
The property is situated on Lancaster Avenue in University City, with proximity to Drexel University, UPENN, and Penn Presbyterian Medical Center. The combination of commercial space and residential units creates a three-unit configuration within the two-building offering.
Key Highlights
- Two buildings at 3834 and 3836 Lancaster Avenue offered together
- Each building combines first‑floor retail with a bi‑level, 3‑bedroom, 2‑bathroom apartment
- All three units are fully leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,659
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,180
$573.2K
Cap Rate 7%
$409,414
$409.4K
Cap Rate 9%
$318,433
$318.4K
Market Conditions
NOI Build-Up for 1,822 SF
Gross rent
$55.3K $30.36/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$52.1K $28.60/SF
− OpEx
−$23.4K −$12.87/SF
NOI
$28.7K $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 Rate 5%
$573,180
Cap Rate 7%
$409,414
Cap Rate 9%
$318,433
Alternative Uses
Best Use
Apartment 5plus
$409.4K
$358.2K – $477.7K
NOI $28,659 @ 7.0% cap · market cap 7.35%
Second Best
Mixed Use
$309.2K
$270.6K – $360.8K
NOI $21,645 @ 7.0% cap · market cap 5.55%
Theoretical Best
Multifamily LT 5
$444.2K
$388.7K – $518.2K
NOI $31,092 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
5,317
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Leased structures pair ground-floor retail with bi-level apartments and separate utilities across both buildings.
Where is this mixed-use property located?
The property is located at 3834 LANCASTER AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Two buildings at 3834 and 3836 Lancaster Avenue offered together; Each building combines first‑floor retail with a bi‑level, 3‑bedroom, 2‑bathroom apartment; All three units are fully leased
