New Construction Duplex Investment
For Sale
$570,000
2327 N 3RD ST, Philadelphia, PA 19133
New construction duplex in a rapidly developing Philadelphia neighborhood.
Property Size2,700 SF
Price / SF$211.11
Days on Market197
Property Features for 2327 N 3RD ST
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Multi-family
Listing Agency:
Howard Hanna Real Estate Services
(215) 643-2500
Listed By:
Haralabos Kiziroglou · License #RS337549
(267) 353-4123
Source:
Graves
Added: Mar 26
Changed: Sep 12
Last Checked: Oct 7 at 11:51AM
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 Howard Hanna Real Estate Services
Investment Insights
Based on property information with market context.
This new construction duplex at 2327 N 3rd St, Philadelphia, presents an investment opportunity with 100% occupancy and a 7% cap rate. The property features two bi-level units, each with 2 bedrooms and 1.5 bathrooms. Unit 1 includes a private backyard, while Unit 2 offers a private roof deck. Both units are equipped with in-unit washer/dryers, open-concept living/kitchen areas, stainless steel appliances, and quartz countertops. The property benefits from an 8-year full tax abatement. Located in a rapidly developing area of Philadelphia, this duplex can be purchased individually or as part of a package with other new construction duplexes in the vicinity. The property size is 2700 square feet. Both units are currently rented and have tenants who have renewed their leases.
Key Highlights
- Turnkey duplex with 100% occupancy and renewed tenants, offered at a 7% cap rate.
- Located in a rapidly developing area of Philadelphia.
- Both units feature 2 bed, 1.5 bath bi‑level layouts.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,075
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$921,500
$921.5K
Cap Rate 7%
$658,214
$658.2K
Cap Rate 9%
$511,944
$511.9K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$69.7K $25.80/SF
− Vacancy
−$3.8K −$1.42/SF
EGI
$65.8K $24.38/SF
− OpEx
−$19.7K −$7.31/SF
NOI
$46.1K $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%
$921,500
Cap Rate 7%
$658,214
Cap Rate 9%
$511,944
Alternative Uses
Best Use
Multifamily LT 5
$658.2K
$575.9K – $767.9K
NOI $46,075 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$606.7K
$530.9K – $707.8K
NOI $42,470 @ 7.0% cap · market cap 7.45%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,540
Businesses Nearby
Explore this area
Business Placement
Demographics for 19133, PA
24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
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 - New construction duplex in a rapidly developing Philadelphia neighborhood.
Where is this duplex located?
The property is located at 2327 N 3RD ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Turnkey duplex with 100% occupancy and renewed tenants, offered at a **7% cap rate**.; Located in a rapidly developing area of Philadelphia.; Both units feature **2 bed, 1.5 bath bi‑level layouts**.
