Three-Story Duplex
For Sale
$459,500
3843 BARING STREET, Philadelphia, PA 19104
Recently remodeled three-story duplex with new central air and updated interiors near Drexel, Penn, and a SEPTA bus station.
Days on Market138
Property Features for 3843 BARING STREET
General Information
Standard status
Active
Property subtype
Duplex
Building Details
Building Size
2,088 SF
Year Built
1930
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Triamond Realty
(267) 243-1892
Listed By:
Suqing Fan · License #RS304225
(267) 243-1892
Source:
Patmckennarealtors
Added: Mar 17
Changed: Jul 30
Last Checked: Jul 31 at 11:30AM
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 Triamond Realty
Investment Insights
Based on property information with market context.
This recently remodeled three-story duplex building offers two separate units with brand-new interior upgrades throughout. Unit A is located on the first floor and features 2 bedrooms and 2 full bathrooms. Unit B is configured as a 4-bedroom, 2 full-bath layout.
The property includes brand-new central air, plus updated appliances including new stoves, refrigerator, and washer and dryer. Finishes include new laminate flooring, fresh painting, and new or partially new drywall. The kitchen updates are designed with white cabinets and granite countertops.
Set in Historical Powelton Village, the building is within walking distance of Drexel University, Penn University, and a SEPTA bus station route, supporting strong day-to-day convenience for occupants.
Built in 1930, the property provides a practical setup for an owner-occupant scenario or a two-unit rental arrangement.
The property includes brand-new central air, plus updated appliances including new stoves, refrigerator, and washer and dryer. Finishes include new laminate flooring, fresh painting, and new or partially new drywall. The kitchen updates are designed with white cabinets and granite countertops.
Set in Historical Powelton Village, the building is within walking distance of Drexel University, Penn University, and a SEPTA bus station route, supporting strong day-to-day convenience for occupants.
Built in 1930, the property provides a practical setup for an owner-occupant scenario or a two-unit rental arrangement.
Key Highlights
- Three‑story duplex building built in 1930
- Unit A: 2 bedrooms and 2 full bathrooms (first floor)
- 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 7.75%
Second Best
Apartment 5plus
$469.2K
$410.5K – $547.4K
NOI $32,843 @ 7.0% cap · market cap 7.15%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Recently remodeled three-story duplex with new central air and updated interiors near Drexel, Penn, and a SEPTA bus station.
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 $459,500.
What are key features of this property?
This property features: Three‑story duplex building built in 1930; Unit A: 2 bedrooms and 2 full bathrooms (first floor); Unit B: 4 bedrooms and 2 full bathrooms
