$625,000

Estimated payment $4,399/month

Total Views 3,853
-- Bed
-- Bath
2,758 Sq Ft
$227 Price per Sq Ft

Highlights

  • Wood Flooring
  • 1-minute walk to Lancaster Avenue And 38Th Street
  • Forced Air Heating and Cooling System
  • Stainless Steel Appliances
  • Energy-Efficient Appliances
  • 2-minute walk to Saunders Park

About This Home

Prime RM1 Multi-Unit Investment Opportunity in University City! Welcome to 3813 Baring Street, a well-maintained triplex in the heart of University City, offering three income-generating rental units. Located just minutes from University of Pennsylvania, Drexel University, parks, dining, and public transportation, this property is a fantastic opportunity for investors or future owner-occupants looking for rental income.

Unit 1 is a spacious first-floor apartment with one bedroom, a bonus room, and one bathroom. The unit features hardwood floors, in-unit laundry, and a private backyard. The bonus room offers versatility and is usages mostly as a 2nd bedroom but can be home office or guest space, and the updated kitchen provides ample storage. Private back yard and Basement storage included.

Unit 2 is a cozy second-floor apartment with two bedrooms and one bathroom. This unit features laminate flooring, large windows, and a decorative faux mantle. Enjoy the convenience of central air, in-unit laundry, a modern kitchen, and a small outdoor deck – perfect for fresh air and relaxation.

Unit 3 is a charming and well-maintained studio apartment. This unit features ample natural light, laminate flooring, and an updated kitchen with plenty of storage.

This fully leased property offers a prime location with easy access to universities, Center City, and major transit routes. Don't miss out on this turnkey investment in one of Philadelphia’s most sought-after rental markets! One quarter of property management services is being offered for transfer to the new owner. Schedule your showing today!

Listing Agent

Deneen Sweeney

Keller Williams Real Estate - West Chester License #RS-0023053 Listed on: 03/28/2025

Keller Williams Real Estate - West Chester

Co-Listing Agent

Casey Daneker

Keller Williams Real Estate - West Chester

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,996

Year Built

  • Built in 1930 | Remodeled in 2018

Lot Details

  • 2,420 Sq Ft Lot
  • Lot Dimensions are 23.00 x 62.00

Home Design

  • 2,758 Sq Ft Home
  • Triplex
  • Stone Foundation
  • Masonry

Kitchen

  • Built-In Range
  • Stove
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Laminate

Laundry

  • Dryer
  • Washer

Eco-Friendly Details

  • Energy-Efficient Appliances

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • 200+ Amp Service
  • Electric Water Heater

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Tax Lot 88
  • Assessor Parcel Number 241174100

Community Details

Overview

  • 3 Units
  • 3-Story Building

Building Details

  • Manager Expense $4,646
  • Operating Expense $18,392

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,996

Year Built

Built in 1930 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 3/29/2025 12:00:00 AM
  • Year Built: 1930
  • Year Renovated: 2018
  • Remarks Public: Prime RM1 Multi-Unit Investment Opportunity in University City! Welcome to 3813 Baring Street, a well-maintained triplex in the heart of University City, offering three income-generating rental units. Located just minutes from University of Pennsylvania, Drexel University, parks, dining, and public transportation, this property is a fantastic opportunity for investors or future owner-occupants looking for rental income. Unit 1 is a spacious first-floor apartment with one bedroom, a bonus room, and one bathroom. The unit features hardwood floors, in-unit laundry, and a private backyard. The bonus room offers versatility and is usages mostly as a 2nd bedroom but can be home office or guest space, and the updated kitchen provides ample storage. Private back yard and Basement storage included. Unit 2 is a cozy second-floor apartment with two bedrooms and one bathroom. This unit features laminate flooring, large windows, and a decorative faux mantle. Enjoy the convenience of central air, in-unit laundry, a modern kitchen, and a small outdoor deck – perfect for fresh air and relaxation. Unit 3 is a charming and well-maintained studio apartment. This unit features ample natural light, laminate flooring, and an updated kitchen with plenty of storage. This fully leased property offers a prime location with easy access to universities, Center City, and major transit routes. Don't miss out on this turnkey investment in one of Philadelphia’s most sought-after rental markets! One quarter of property management services is being offered for transfer to the new owner. Schedule your showing today!
  • Special Features: VirtualTour

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Energy Efficient Appliances, Refrigerator, Stove, Stainless Steel Appliances, Washer
  • Flooring Type: Hardwood, Laminated
  • Fireplace: No
  • Foundation Details: Stone
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2758
  • Living Area Sq Ft: 2758
  • Price Per Sq Ft: 226.61
  • Above Grade Finished Sq Ft: 2758
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3813

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers, 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Professional Management Expense: 4646.00

Schools

  • School District: PHILADELPHIA CITY
  • School District Key: 803408593408
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: U50
  • Lot Size Acres: 0.06
  • Lot Dimensions: 23.00 x 62.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2420.00
  • Year Assessed: 2025
  • Zoning: RM1

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Management, Taxes - Real Estate, Insurance, Repairs
  • Rent Control: No
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 6718.00
  • Tax Annual Amount: 11996.00
  • Assessor Parcel Number: 241174100
  • Tax Lot: 88
  • Tax Total Finished Sq Ft: 2528
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Gross Income: 47100.00
  • Operating Expense: 18392.00
  • Other Units: Unit 1,Unit 2,Unit 3
  • Single Room Units Count: 1

MLS Schools

  • School District Name: PHILADELPHIA CITY

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,489 $857,000 $171,400 $685,600
2024 $5,489 $857,000 $171,400 $685,600
2023 $5,489 $392,100 $78,420 $313,680
2022 $4,712 $392,100 $78,420 $313,680
2021 $4,712 $0 $0 $0
2020 $4,712 $0 $0 $0
2019 $4,535 $0 $0 $0
2018 $4,166 $0 $0 $0
2017 $4,166 $0 $0 $0
2016 $4,166 $0 $0 $0
2015 $29,079 $0 $0 $0
2014 -- $297,600 $54,632 $242,968
2012 -- $13,824 $4,295 $9,529
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2025 07/28/25 Price Changed $625,000 -3.8% $227 / Sq Ft
03/28/2025 03/28/25 For Sale $650,000 +13.0% $236 / Sq Ft
11/27/2020 11/27/20 Sold $575,000 -4.2% $227 / Sq Ft
10/28/2020 10/28/20 Pending -- -- --
09/30/2020 09/30/20 For Sale $599,900 -- $237 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $575,000 None Available
Deed $325,000 Chase Abstract Co
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $300,000 New Conventional
Source: Public Records

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Source: Bright MLS

MLS Number: PAPH2456896

Bright MLS

APN: 241174100