Two-Unit 2BR
3978 Carteret Drive Philadelphia, PA 19114
3978 Carteret Drive, Philadelphia, PA, 19114
$469,900
For Sale
$469,900
Brookhaven duplex with two 2-bedroom units, a 2-car garage and driveway, plus a large yard and dedicated laundry/storage.
Property Size1,912 SF
Price / SF$245.76
Days on Market118
Property Features for 3978 Carteret Drive
General Information
- Standard status
- Active
- Size
- 1,912 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1978
Listing agency
Re/Max One Realty
(215) 961-6000
Listed by
Joseph Cunningham · License #AB067130
(215) 961-6000
Source
Compass
Added: Mar 27 Updated: Jul 20 at 11:54PM Checked: Jul 22 at 11:04AM
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 Re/Max One Realty
Investment Insights
Based on property information with market context.
This Brookhaven 2+2 duplex offers two spacious 2-bedroom units with living/dining rooms and kitchens with ample counter and cabinet space, including appliances. Each unit includes two well-sized bedrooms, closet space, and a 3-piece hall bath. The first-floor unit is vacant and has fresh paint and new wall-to-wall carpet, ready for immediate occupancy.
The property includes a huge yard for entertaining and a dedicated laundry/storage area for both units. Off-street parking is provided by a 2-car garage and a 2-car driveway.
The second-floor unit is currently occupied by a very good tenant who would like to remain. Prior day notice is required to schedule appointments.
The property includes a huge yard for entertaining and a dedicated laundry/storage area for both units. Off-street parking is provided by a 2-car garage and a 2-car driveway.
The second-floor unit is currently occupied by a very good tenant who would like to remain. Prior day notice is required to schedule appointments.
Key Highlights
- Brookhaven 2+2 duplex with two 2‑bedroom units and move‑in ready first floor
- Year built 1978; first floor recently refreshed with fresh paint and new wall‑to‑wall carpet
- Each unit offers a spacious living/dining room, kitchen with ample counters and cabinet space, and all appliances
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 | $49.3k | $25.80 |
| − Vacancy | −$2.7k | −$1.42 |
| EGI | $46.6k | $24.38 |
| − OpEx | −$14.0k | −$7.31 |
| NOI | $32.6k | $17.06 |
1,912 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$466.1K
$407.9K – $543.8K
NOI $32,628 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$429.6K
$375.9K – $501.3K
NOI $30,075 @ 7.0% cap · market cap 6.40%
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
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Brookhaven duplex with two 2-bedroom units, a 2-car garage and driveway, plus a large yard and dedicated laundry/storage.
Where is this duplex located?
The property is located at 3978 Carteret Drive Philadelphia, PA.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Brookhaven 2+2 duplex with two 2‑bedroom units and move‑in ready first floor; Year built 1978; first floor recently refreshed with fresh paint and new wall‑to‑wall carpet; Each unit offers a spacious living/dining room, kitchen with ample counters and cabinet space, and all appliances
