Mixed-Use Buildings with
For Sale
$390,000
3834 LANCASTER Avenue, Philadelphia, PA 19104
Multi-Family, PHILADELPHIA, PA
Property Size1,822 SF
Lot Size0.02 Acres
Price / SF$214.05
Days on Market49
Property Features for 3834 LANCASTER Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Subdivision
UNIVERSITY CITY
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,822 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
4692
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1915
Number of units
2
Building materials
Masonry
Listing Agency:
New Age Realty Group Inc
Listed By:
Christos Tzimoulis · License #RM423707
(215) 387-1002
Added: Sep 15
Changed: Oct 11
Last Checked: Nov 2 at 10:06PM
MLS# PAPH2670996
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.
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Investment Insights
Based on property information with market context.
The offering comprises two masonry buildings at 3834 and 3836 Lancaster Avenue, with a reported combined property area of 1,822 square feet. Each building has a ground-floor retail store and a bi-level apartment above, configured with three bedrooms and two bathrooms. The buildings date to 1915, and each has forced-air heating and central air conditioning. Utilities are separately metered, and all units are leased.
The properties are located on Lancaster Avenue in Philadelphia’s University City area. Drexel University, the University of Pennsylvania, and Penn Presbyterian Medical Center are identified nearby.
The properties are located on Lancaster Avenue in Philadelphia’s University City area. Drexel University, the University of Pennsylvania, and Penn Presbyterian Medical Center are identified nearby.
Key Highlights
- Two masonry buildings at 3834 and 3836 Lancaster Avenue
- Each building includes ground‑floor retail and a bi‑level apartment with 3 bedrooms and 2 bathrooms
- Reported property area: 1,822 square feet; lot size: 0.023 acres
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two adjoining properties combine street-level retail space with upper-floor apartments.
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 masonry buildings at 3834 and 3836 Lancaster Avenue; Each building includes ground‑floor retail and a bi‑level apartment with 3 bedrooms and 2 bathrooms; Reported property area: 1,822 square feet; lot size: 0.023 acres
