Corner-Lot
For Sale
$550,000
4340-42 CRESSON Street, Philadelphia, PA 19127
Multi-Family, PHILADELPHIA, PA
Property Size4,232 SF
Lot Size0.03 Acres
Price / SF$129.96
Days on Market49
Property Features for 4340-42 CRESSON Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement, Dining Room
Parking features
On Street
Interior features
Carpet, Dining Area, Entry Level Bedroom, Kitchen - Eat-In, Wet/Dry Bar, Walk-in Closet(s)
Fireplace
1
Appliances
Dishwasher, Dryer, Oven - Wall, Refrigerator, Washer, WaterHeater
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
4,232 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
8663
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Amenities
central air conditioning
gas heat
gas fireplace
walk-in closet
laundry room
full basement with separate entrance
Building Details
Year built
1900
Number of units
2
Building materials
Masonry
Listing Agency:
Tara Management Services Inc
(215) 985-4855
Listed By:
Evan Charles Streeter · License #RS376703
(215) 859-1184
Added: Aug 23
Changed: Oct 5
Last Checked: Oct 10 at 12:06AM
MLS# PAPH2660592
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.
Investment Insights
Based on property information with market context.
This 4,232-square-foot duplex sits on a 0.0306-acre double-width corner parcel. The two tenant-occupied units comprise a two-bedroom, one-bath residence and a three-bedroom, two-bath residence. Both have central air conditioning. The Cresson Street unit includes an eat-in kitchen, living room, walk-in closet, and laundry room; its washer and dryer were recently replaced. The Grape Street unit has an eat-in kitchen, dining room with a gas fireplace, wet bar, and a third-floor loft. Recent work includes fresh paint and carpeting in that unit and a redone rubber roof. A full basement has a separate entrance.
The property is at 4340-42 Cresson Street in Manayunk, near Main Street. Its CMX-2.5 zoning is identified in the listing as allowing a range of commercial uses. The combination of existing residential units and the stated zoning supports consideration of both residential and commercial use, subject to applicable requirements.
The property is at 4340-42 Cresson Street in Manayunk, near Main Street. Its CMX-2.5 zoning is identified in the listing as allowing a range of commercial uses. The combination of existing residential units and the stated zoning supports consideration of both residential and commercial use, subject to applicable requirements.
Key Highlights
- Two tenant‑occupied units: one with 2 bedrooms and 1 full bathroom, the other with 3 bedrooms and 2 full bathrooms
- 4,232‑square‑foot building on a 0.0306‑acre double‑width corner lot
- CMX‑2.5 zoning
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,360
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences offer distinct bedroom and bathroom layouts, with CMX-2.5 zoning.
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 units: one with 2 bedrooms and 1 full bathroom, the other with 3 bedrooms and 2 full bathrooms; 4,232‑square‑foot building on a 0.0306‑acre double‑width corner lot; CMX‑2.5 zoning
