Remodeled Duplex Near
For Sale
$459,500
3843 BARING Street, Philadelphia, PA 19104
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,088 SF
Lot Size0.03 Acres
Price / SF$220.07
Days on Market138
Property Features for 3843 BARING Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,088 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
5879
Utilities
Heating system
Forced Air
Cooling system
Central Air, Wall Unit(s)
Building Details
Year built
1930
Number of units
2
Building materials
Masonry
Listing Agency:
Triamond Realty
(267) 243-5317
Listed By:
Suqing Fan · License #RS304225
(267) 243-1892
Added: Mar 17
Changed: Jul 2
Last Checked: Aug 1 at 4:06PM
MLS# PAPH2595818
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.
Investment Insights
Based on property information with market context.
This is a recently remodeled three-story duplex building located in the historical Powelton Village. It is within walking distance of Drexel University, the University of Pennsylvania, and the SEPTA bus station route. Unit A, situated on the first floor, features two bedrooms and two full bathrooms. Unit B comprises four bedrooms and two full bathrooms across multiple floors. The property includes brand new central air, stoves, refrigerators, washers, and dryers. Both kitchens are equipped with new white cabinets and granite countertops. The building benefits from many windows, providing ample natural light, as well as high ceilings and new laminate flooring throughout. Partial drywall is new, and the property has fresh painting. The property size is 2088 square feet and the lot size is 0.0328 acres. This property presents a great investment opportunity in the University City market, with ease of renting out both units. Alternatively, one could live in one unit and rent out the other.
Key Highlights
- Prime location: walking distance to Drexel University, Penn University, and Septa Bus Station.
- Duplex configuration: live in one unit and rent out the other to offset mortgage costs.
- Recently remodeled: features two brand new kitchens with white cabinets and granite countertops, new laminate flooring, and fresh paint.
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
Property Profile
Current Use
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 duplex near Drexel and Penn Universities.
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: Prime location: walking distance to Drexel University, Penn University, and Septa Bus Station.; Duplex configuration: live in one unit and rent out the other to offset mortgage costs.; Recently remodeled: features two brand new kitchens with white cabinets and granite countertops, new laminate flooring, and fresh paint.
