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Kelly & Carl Robinson

info@carellyrealty.com +1(973) 500-3253

Listed by William Hannum • KW Empower

$ 835,000

Est. payment | -/mo

2,753 Sqft Lot

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$ 835,000

Est. payment | -/mo

Save

2,753 Sqft Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Strawberry Mansion

MLS Listing ID PAPH2628532

Year Built 1915

Available Date 2026-06-16

Annual Tax Amount $3,397

Tax Year 2025

Lot Size 2,753 Sqft

Acres 0.06

Lot Dimensions 43.00 x 64.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

FULLY LEASED AND FULLY RENOVATED. Welcome to 3206 W Dauphin St, a 6-unit multifamily with strong cash flow and a cap rate that's hard to find in today's market. Offered at $799,900. The building is fully leased, with $7,300 in monthly rent ($87,600 gross annual income) and about $63,000 NOI. That works out to a cap rate near 8% and a gross rent multiplier around 9.1x. The current leases also include a 4% rent increase next year, bringing gross income to about $91,100 and NOI to about $66,500. That's a projected cap rate of roughly 8.3% on the purchase price. The unit mix includes four (4) 1BR/1BA, one (1) 2BR/1BA, and one (1) 3BR/1BA units. All are brand new construction with designer finishes throughout, so this is a turnkey asset that tenants are eager to call home.

Location is a standout. The property sits on a quiet block surrounded by green, park-like open space, giving it a peaceful residential feel while keeping tenants connected to the city. Major SEPTA bus routes are just steps from the front door, making commutes effortless. Ample on-street parking is consistently available day and night, which helps tenant satisfaction and retention.

The building was extremely quick and easy to lease. The 1-bedroom units got over 40 inquiries within the first 24 hours of being listed for rent. Rental rates are trending upward and demand shows no signs of slowing. Pro Forma available in listing documents.

Whether you're a seasoned investor expanding your portfolio or entering the Philadelphia multifamily market, 3206 W Dauphin delivers the trifecta: new construction quality with exceptional design, strong income, and a location that keeps units leased. Don't miss this opportunity! FULL 10 YEAR TAX ABATEMENT. Agent has financial interest.

Location

State PA

County Philadelphia

Area 19132 (19132)

Zoning RM1

Interior

Hot Water Electric

Cooling Central A/C, Window Unit(s), Ceiling Fan(s)

Flooring Luxury Vinyl Plank

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 282297100

Ownership Fee Simple

Acceptable Financing Cash, Other, VA, Negotiable, Conventional

Listing Terms Cash, Other, VA, Negotiable, Conventional

Financing Cash,Other,VA,Negotiable,Conventional

Special Listing Condition Standard

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(973) 500-3253

info@carellyrealty.com

549 Millburn Ave, Short Hills, NJ 07078-3330, USA

3206 W DAUPHIN ST Philadelphia, PA 19132

Kelly & Carl Robinson

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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3206 W DAUPHIN ST