Two-Unit
New
For Sale
$305,000
4024 HAVERFORD AVENUE, Philadelphia, PA 19104
Both residences offer three bedrooms and one bathroom.
Property Size1,442 SF
Price / SF$211.51
Days on Market4
Property Features for 4024 HAVERFORD AVENUE
General Information
Standard status
Active
Size
1,442 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$30,600
Public Transit
Yes
Building Details
Year Built
1915
Listing Agency:
New Age Realty Group Inc
Listed By:
Nicole Caprario · License #RS320794
(215) 387-1002
Source:
Cummingsrealtors
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 10 at 2:54AM
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 New Age Realty Group Inc
Investment Insights
Based on property information with market context.
This 1915 duplex contains two apartments, each with three bedrooms and one bathroom. The property is located at 4024 Haverford Avenue in Philadelphia.
Drexel University, the University of Penn, and public transportation routes are described as minutes away.
Drexel University, the University of Penn, and public transportation routes are described as minutes away.
Key Highlights
- Two apartments, each with 3 bedrooms and 1 bathroom
- Built in 1915
- Minutes from Drexel University, the University of Penn, and major public transportation routes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,608
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,160
$492.2K
Cap Rate 7%
$351,543
$351.5K
Cap Rate 9%
$273,422
$273.4K
Market Conditions
NOI Build-Up for 1,442 SF
Gross rent
$37.2K $25.80/SF
− Vacancy
−$2.0K −$1.42/SF
EGI
$35.2K $24.38/SF
− OpEx
−$10.5K −$7.31/SF
NOI
$24.6K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,160
Cap Rate 7%
$351,543
Cap Rate 9%
$273,422
Alternative Uses
Best Use
Multifamily LT 5
$351.5K
$307.6K – $410.1K
NOI $24,608 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$324.0K
$283.5K – $378.0K
NOI $22,682 @ 7.0% cap · market cap 7.44%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,762
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three bedrooms and one bathroom.
Where is this duplex located?
The property is located at 4024 HAVERFORD AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 1 bathroom; Built in 1915; Minutes from Drexel University, the University of Penn, and major public transportation routes
