Two-Unit Duplex with Full
New
For Sale
$550,000
4340-42 Cresson Street, Philadelphia, PA 19127
Two tenant-occupied apartments offer different bedroom configurations, plus a basement with its own entrance.
Property Size4,232 SF
Days on Market2
Property Features for 4340-42 Cresson Street
General Information
Standard status
Active
Size
4,232 SF
Property subtype
Multi-Family
Zoning
CMX25
Occupancy
100%
Site & Location
Neighborhood
Manayunk
Corner Location
Yes
Additional Details
Asking Price
$595,000
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,663
Amenities
central air conditioning
gas heat
full basement with separate entrance
laundry room
walk-in closet
gas fireplace
wet bar
loft
new paint and carpeting
recently replaced washer and dryer
recently redone rubber roof
Other
Carpet,Ceramic Tile,Vinyl
Natural Gas,Electric
Yes
Natural Gas
Assessor
1
Carpet,Dining Area,Entry Level Bedroom,Kitchen - Eat-In,Wet/Dry Bar,Walk-in Closet(s)
No Pool
Public
U40
26.00 x 52.00
0.03
No
On Street
Concrete Perimeter
123700.00
Building Details
Building Size
4,232 SF
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
Tara Management Services Inc
(215) 985-4855
Listed By:
Evan Charles Streeter · License #RS376703
(215) 859-1184
Source:
Chennaultrealestate
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:17AM
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 Tara Management Services Inc
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Investment Insights
Based on property information with market context.
At 4340-42 Cresson Street, this duplex contains two tenant-occupied apartments. One has two bedrooms, a full bathroom, an eat-in kitchen, living room, walk-in closet and laundry room. The other offers three bedrooms and two full bathrooms, with an eat-in kitchen and dining area; a third-floor loft serves as the third bedroom. Central air conditioning is installed in both units, and the building has gas heat. The second apartment also includes a wet bar and gas fireplace. Recent property work includes a rubber roof replacement, while that apartment has also received new paint and carpeting. The washer and dryer in the other unit were recently replaced.
A full basement has a separate entrance and is noted for storage or workspace, with any additional use subject to applicable approvals. The property is on a corner lot in Manayunk, steps from Main Street.
A full basement has a separate entrance and is noted for storage or workspace, with any additional use subject to applicable approvals. The property is on a corner lot in Manayunk, steps from Main Street.
Key Highlights
- Two tenant‑occupied apartments: one with 2 bedrooms and 1 full bath; the other with 3 bedrooms and 2 full baths
- Full basement with a separate entrance
- Central air conditioning in both apartments; gas heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,276
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,520
$1.0M
Cap Rate 7%
$718,229
$718.2K
Cap Rate 9%
$558,622
$558.6K
Market Conditions
NOI Build-Up for 4,232 SF
Gross rent
$91.4K $21.60/SF
− Vacancy
−$11.0K −$2.59/SF
EGI
$80.4K $19.01/SF
− OpEx
−$30.2K −$7.13/SF
NOI
$50.3K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,520
Cap Rate 7%
$718,229
Cap Rate 9%
$558,622
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$902.7K – $1.20M
NOI $72,219 @ 7.0% cap · market cap 13.13%
Second Best
Apartment 5plus
$951.0K
$832.1K – $1.11M
NOI $66,567 @ 7.0% cap · market cap 12.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,360
Businesses Nearby
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Business Placement
Demographics for 19127, PA
6,929
Population
3,496
Households
2
Avg Household Size
29
Median Age
77%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
11,548
Density / Sq Mi
$99,792
Median Household Income
$73,061
Median Earnings
$1,765
Median Rent
$298,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two tenant-occupied apartments offer different bedroom configurations, plus a basement with its own entrance.
Where is this duplex located?
The property is located at 4340-42 Cresson Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two tenant‑occupied apartments: one with 2 bedrooms and 1 full bath; the other with 3 bedrooms and 2 full baths; Full basement with a separate entrance; Central air conditioning in both apartments; gas heat
