Two-Building Mixed-Use
For Sale
$390,000
3836 LANCASTER Avenue, Philadelphia, PA 19104
Multi-Family, PHILADELPHIA, PA
Property Size1,770 SF
Lot Size0.02 Acres
Price / SF$220.34
Days on Market50
Property Features for 3836 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
1,770 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
4262
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 3 at 1:06AM
MLS# PAPH2671012
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.
This Philadelphia property brings together two masonry buildings at 3834 and 3836 Lancaster Avenue. Each has a ground-floor retail space and a bi-level apartment above with three bedrooms and two bathrooms. The combined property is 1,770 square feet on a 0.023-acre lot. Both buildings were constructed in 1915 and have forced-air heating and central air conditioning; utilities are separately metered.
The property is on Lancaster Avenue in University City, minutes from Drexel University, the University of Pennsylvania, and Penn Presbyterian Medical Center.
The property is on Lancaster Avenue in University City, minutes from Drexel University, the University of Pennsylvania, and Penn Presbyterian Medical Center.
Key Highlights
- Two buildings at 3834 and 3836 Lancaster Avenue
- Each building has ground‑floor retail and a bi‑level, 3‑bedroom, 2‑bathroom apartment
- Combined property size: 1,770 square feet
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.
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
Multi-tenant
Tenancy
Yes
Utilities to site
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail space occupies the ground floors, with bi-level apartments above.
Where is this mixed-use property located?
The property is located at 3836 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; Each building has ground‑floor retail and a bi‑level, 3‑bedroom, 2‑bathroom apartment; Combined property size: 1,770 square feet
