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    Remodeled Duplex Near Universities Title is generated by Realmo AI

    3843 BARING Street, Philadelphia, PA 19104

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    For Sale
    $459,500

    MULTI_FAMILY - PHILADELPHIA, PA

    Property size:
    2,088 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $220/SF
    Added:
    Mar 17, 2026
    Days on Market:
    93
    Last Refresh:
    Jun 17 at 9:06 am

    Property Features for 3843 BARING Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    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

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    Listing Contact
    Suqing Fan

    Listing agent Suqing Fan License #RS304225

    Listing office Triamond Realty 1530 S 6th Street unit: 1F, Philadelphia, PA

    Listing date Mar 17, 2026

    MLS# PAPH2595818 Listing URL

    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.

    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.
    • Two units: Unit A has 2 bedrooms and 2 full bathrooms; Unit B has 4 bedrooms and 2 full bathrooms.
    • New appliances: includes brand new stoves, refrigerators, washers, and dryers in both units.
    • New central air conditioning: ensures comfortable living in both units.

    Overview

    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.

    Local 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 (±1% cap)
    NOI $35,631 @ 7.0% cap · market cap 7.75%
    Second Best
    Apartment 5plus
    $469.2K
    $410.5K – $547.4K (±1% cap)
    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 local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.199852
    Latitude
    39.960758

    FAQs

    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.
    More about this property
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