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3281 Red Lion Rd, Philadelphia, PA 19114

Philadelphia
Local realty services provided by:CENTURY 21 Dale Realty Co.
3281 Red Lion Rd,Philadelphia, PA 19114
$450,000
  • 4 Beds
  • - Baths
  • 1,116 sq. ft.
  • Multi-family
  • Active
Listed by: daniel tae kim
Office: keller williams main line
MLS#:PAPH2665064
Source:BRIGHTMLS

Price summary

  • Price:$450,000
  • Price per sq. ft.:$403.23

About this home

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 Unit 1 is cosmetically outdated, relative to Unit 2, but is in great shape, has private backyard access.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

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Home facts

  • Year built:1974
  • Subdivision & Development:MORRELL PARK
  • Listing ID #:PAPH2665064
  • Added:57 day(s) ago
  • Updated:October 26, 2026 at 01:39 PM

Rooms and interior

  • Bedrooms:4
  • Living area:1,116 sq. ft.

Heating and cooling

  • Cooling:Central A/C
  • Heating:Central, Electric

Structure and exterior

  • Year built:1974
  • Building area:1,116 sq. ft.
  • Lot area:0.06 Acres
  • Construction Materials:Masonry
  • Foundation Description:Brick/Mortar

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$450,000
  • Price per sq. ft.:$403.23
  • Tax amount:$5,452 (2026)

Parking

  • Parking description:Paved Parking

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