Two-Building Mixed-Use
For Sale
$390,000
3836 Lancaster Ave, Philadelphia, PA 19104
Retail and residential uses are combined across two buildings with separate utilities and fully leased units.
Property Size1,770 SF
Price / SF$220.34
Days on Market70
Property Features for 3836 Lancaster Ave
General Information
Standard status
Active
Size
1,770 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Saunders Park
Building Details
Year Built
1915
Listing Agency:
New Age Realty Group Inc
Listed By:
Christos Tzimoulis · License #RM423707
(215) 387-1002
Source:
Baltimoreharfordhomesforsale
Added: Aug 26
Changed: Nov 1
Last Checked: Nov 3 at 6:44AM
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 property includes the buildings at 3834 and 3836 Lancaster Avenue, which are being offered together. Each building combines first-floor retail space with a bi-level apartment above featuring 3 bedrooms and 2 bathrooms. Separate utility services support the individual spaces, and the improvements date to 1915.
The property is positioned on Lancaster Avenue in University City, with proximity to Drexel University, UPENN, and Penn Presbyterian Medical Center. The combination of street-level commercial space and upper-level residential accommodations creates a diversified physical layout across the two-building offering.
The property is positioned on Lancaster Avenue in University City, with proximity to Drexel University, UPENN, and Penn Presbyterian Medical Center. The combination of street-level commercial space and upper-level residential accommodations creates a diversified physical layout across the two-building offering.
Key Highlights
- Two‑building offering at 3834 and 3836 Lancaster Avenue
- Each building combines first‑floor retail with an upper‑level bi‑level apartment
- Apartments feature 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,841
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,820
$556.8K
Cap Rate 7%
$397,729
$397.7K
Cap Rate 9%
$309,344
$309.3K
Market Conditions
NOI Build-Up for 1,770 SF
Gross rent
$53.7K $30.36/SF
− Vacancy
−$3.1K −$1.76/SF
EGI
$50.6K $28.60/SF
− OpEx
−$22.8K −$12.87/SF
NOI
$27.8K $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%
$556,820
Cap Rate 7%
$397,729
Cap Rate 9%
$309,344
Alternative Uses
Best Use
Apartment 5plus
$397.7K
$348.0K – $464.0K
NOI $27,841 @ 7.0% cap · market cap 7.14%
Second Best
Mixed Use
$300.4K
$262.9K – $350.5K
NOI $21,028 @ 7.0% cap · market cap 5.39%
Theoretical Best
Multifamily LT 5
$431.5K
$377.6K – $503.4K
NOI $30,205 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
5,317
Businesses Nearby
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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 - Retail and residential uses are combined across two buildings with separate utilities and fully leased units.
Where is this mixed-use property located?
The property is located at 3836 Lancaster Ave 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‑building offering at 3834 and 3836 Lancaster Avenue; Each building combines first‑floor retail with an upper‑level bi‑level apartment; Apartments feature 3 bedrooms and 2 bathrooms
