$450,000
 $2,416 est/mo Sourced by Back At You

3281 Red Lion Rd,PHILADELPHIA, PA 19114

PHILADELPHIA, PA 19114

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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 Unit 1 is cosmetically outdated, relative to Unit 2, but is in great shape, has private backyard access.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!

Details

MLS #PAPH2665064
Listing TypeFor Sale
Sub-TypeResale
StatusActive-bright
Year1974
Days On Site46
Listing Provided ByKeller Williams Main Line | Daniel Tae Kim

Features

SQ Feet1,116
Units2
ZoningRSA-4
Acreage0.06

Interior

CoolingCentral A/C
Heating Yes / NoYes
HeatingCentral

Exterior

Construction MaterialsMasonry
Foundation DetailsBrick/Mortar

Parking

Garage Yes / NoNo
Parking FeaturesPaved Parking

Taxes

Tax Annual Amount5452

Area Information

StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19114
Area19114 (19114)
Community NameMORRELL PARK
School DistrictPHILADELPHIA CITY
Listing VS Median (in MORRELL PARK)
Price:
$450,000
low | high
Med:
$327,495
77.223333333333% of Average
sqft:
1,116
low | high
Med:
1,360
28.136200716846% of Average
$ / sqft:
$403
low | high
Med:
$241
90.280323529412% of Average
On site:
46
low | high
Med:
141.5
32.508833922261% of Average
Sourced by Back At You

Market Activity 19114

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Additional Information

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Learn More About This Property

Glenn Nemath

Glenn Nemath

Class Harlan Real Estate

 (215) 896-9130glenn@classharlan.com
StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19114
Area19114 (19114)
Community NameMORRELL PARK
School DistrictPHILADELPHIA CITY
Listing VS Median (in MORRELL PARK)
Price:
$450,000
low | high
Med:
$327,495
77.223333333333% of Average
sqft:
1,116
low | high
Med:
1,360
28.136200716846% of Average
$ / sqft:
$403
low | high
Med:
$241
90.280323529412% of Average
On site:
46
low | high
Med:
141.5
32.508833922261% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $337K - $562K
sqft: 837 - 1,000
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Listing Updated: October 13, 2026 at 7:44:47 AM PDT