Corner Duplex with Garage
3945 Claridge Street Philadelphia, PA 19124
For Sale
$269,000
Clean corner 2+2 duplex features a garage-converted bonus room with full bath, separate utilities, and vinyl windows.
Property Size1,400 SF
Price / SF$192.14
Days on Market56
Property Features for 3945 Claridge Street
General Information
- Standard status
- Active
- Size
- 1,400 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1965
Listing Agency:
Realty Mark Associates
(267) 250-8489
Listed By:
Francisco Michaud · License #RS342767
(267) 250-8489
Source:
Compass
Added: May 30
Changed: Jul 21
Last Checked: Jul 23 at 11:22AM
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 Realty Mark Associates
Investment Insights
Based on property information with market context.
This clean corner duplex offers a 2+2 layout across two units. Each unit has its own living room and eat-in kitchen with a gas range, and ceramic tile flooring and laminate counters are noted in the kitchen area. The property includes vinyl windows throughout, separate utilities, and shared utility and laundry space with a toilet and sink. A garage conversion creates a bonus room with a full bath, and the exterior includes a lovely front cement patio along with a small rear driveway and street parking.
The property is located at 3945 Claridge Street in Philadelphia, Pennsylvania. Public remarks also note separate hot water heaters, with three total hot water heaters indicated for the building (one per unit).
As presented, both units are occupied, with rent noted at $1,200 per month for the first and second units.
The property is located at 3945 Claridge Street in Philadelphia, Pennsylvania. Public remarks also note separate hot water heaters, with three total hot water heaters indicated for the building (one per unit).
As presented, both units are occupied, with rent noted at $1,200 per month for the first and second units.
Key Highlights
- 2+2 duplex on a corner lot, built in 1965
- Each unit rents for $1,200/month
- Garage converted into a bonus room with a full bath
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 | $27.7k | $19.80 |
| − Vacancy | −$1.9k | −$1.39 |
| EGI | $25.8k | $18.41 |
| − OpEx | −$7.7k | −$5.52 |
| NOI | $18.0k | $12.89 |
1,400 SF · lease $19.80/SF/yr · vacancy 7.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$257.7K
$225.5K – $300.7K
NOI $18,040 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$237.1K
$207.5K – $276.7K
NOI $16,599 @ 7.0% cap · market cap 6.17%
Theoretical Best
Specialty Retail
$805.3K
$704.6K – $939.5K
NOI $56,371 @ 7.0% cap · market cap 20.96%
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 - Clean corner 2+2 duplex features a garage-converted bonus room with full bath, separate utilities, and vinyl windows.
Where is this duplex located?
The property is located at 3945 Claridge Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: 2+2 duplex on a corner lot, built in 1965; Each unit rents for $1,200/month; Garage converted into a bonus room with a full bath
