$450,000

Property Description

Now offering 3281 Red Lion Road: a duplex w/ a unit mix of two (2) 2bd/1ba units, w/ Unit 1 currently occupied by a long-term tenant paying $1,550/month (their lease ends in February) and Unit 2, which has just been leased for $1,700/month on a 12 month term (started 9/27/26). Unit 2 features in-unit washer and dryer, and a private outdoor balcony. Fully rehabbed just a year ago and move-in ready, the apartment boasts a stylish kitchen with granite countertops, brand-new stainless steel appliances, and white shaker cabinets. Enjoy all-new luxury vinyl plank flooring, recessed LED lighting, and two evenly sized bedrooms. Unit 1 is cosmetically outdated, relative to Unit 2, but is in great shape, has private backyard access. Right out front, there are two (2) dedicated parking spots- one for each unit. Using "back of the napkin" underwriting, if you conservatively set aside 25% of your gross income to cover expenses, this building is operating at a 6.5% cap rate. Schedule your tour today!

Property Facts & Features

Property Type

Multi Family

Status

Active

Listed

Aug 28, 2026

Price per Sq Ft

$403/sqft

ZIP Code

19114

Parking

Paved Parking, Driveway

Heating

Central

Cooling

Central A/C

Construction

Masonry

Style

Unit/Flat

Property Tax (2026)

$5,271/yr

Assessed Value

$376,600

Last Sold

$350,000 · Mar 20, 2025

Neighborhood

Far Northeast Philadelphia

County

Philadelphia

School District

The School District of Philadelphia

Estimated Value

Automated estimate. Not an appraisal.

Features & Amenities

Location

Lat 40.07986 · Lng -74.99162