Recently Remodeled Duplex
3843 Baring Street Philadelphia, PA 19104
For Sale
$579,900
Three-story duplex with two units and brand-new central air, updated appliances, and fresh interior finishes.
Property Size2,088 SF
Price / SF$277.73
Days on Market186
Property Features for 3843 Baring Street
General Information
- Standard status
- Active
- Size
- 2,088 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1930
Listing Agency:
Triamond Realty
(267) 243-1892
Listed By:
Suqing Fan · License #RS304225
(267) 243-1892
Source:
Compass
Added: Jan 19
Changed: Jul 20
Last Checked: Jul 23 at 11:06AM
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 Triamond Realty
Investment Insights
Based on property information with market context.
This recently remodeled three-story duplex offers two separate units. Unit A is a first-floor layout with 2 bedrooms and 2 full bathrooms. Unit B provides 4 bedrooms and 2 full bathrooms across the building’s upper floors. Brand-new central air has been installed for the units, along with new stoves and refrigerators, and new washer and dryer.
The interior improvements include two brand-new kitchens with white cabinets and granite countertops, new laminate flooring throughout, fresh painting, and partial drywall replacement. The property is also described as having many windows and high ceilings that bring natural light into the space.
The building is located in Philadelphia’s Historical Powelton village area, within walking distance of Drexel University, Penn University, and a SEPTA bus station route.
The interior improvements include two brand-new kitchens with white cabinets and granite countertops, new laminate flooring throughout, fresh painting, and partial drywall replacement. The property is also described as having many windows and high ceilings that bring natural light into the space.
The building is located in Philadelphia’s Historical Powelton village area, within walking distance of Drexel University, Penn University, and a SEPTA bus station route.
Key Highlights
- Three‑story duplex with 2 units in Historical Powelton village (19104), built in 1930
- Unit A (first floor): 2 bedrooms and 2 full bathrooms
- Unit B: 4 bedrooms and 2 full bathrooms
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 | $53.9k | $25.80 |
| − Vacancy | −$3.0k | −$1.42 |
| EGI | $50.9k | $24.38 |
| − OpEx | −$15.3k | −$7.31 |
| NOI | $35.6k | $17.06 |
2,088 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$509.0K
$445.4K – $593.9K
NOI $35,631 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$469.2K
$410.5K – $547.4K
NOI $32,843 @ 7.0% cap · market cap 5.66%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Three-story duplex with two units and brand-new central air, updated appliances, and fresh interior finishes.
Where is this duplex located?
The property is located at 3843 Baring Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $579,900.
What are key features of this property?
This property features: Three‑story duplex with 2 units in Historical Powelton village (19104), built in 1930; Unit A (first floor): 2 bedrooms and 2 full bathrooms; Unit B: 4 bedrooms and 2 full bathrooms
