About This Home

This 0-bedroom, 0-bathroom multi-family at 3281 RED LION Road in Philadelphia, PA is listed for $450,000 ($403 per sqft). Built in 1974, the home offers 1,116 sqft of living space on a 0.06 acres lot.

Key Features

  • Built in 1974
  • 0.06 acre lot
  • 2 parking spaces

Property Details

2 spaces
1974

Amenities

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 Unit 1 is cosmetically outdated, relative to Unit 2, but is in great shape, has private backyard access.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

Monthly Cost Estimate

$2,407/mo

20% down · 6.5% · 30 years

Principal$325
Interest$1,950
Insurance$131

Estimates only. Actual payments may vary.

Location

3281 RED LION Road

Philadelphia, PA 19114

MORRELL PARK

Property Details

Construction

Masonry

Parking

Driveway

Heating

Central

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 3281 RED LION Road is listed at $450,000 ($403/sqft). The estimated monthly payment is $2,406 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1974, 0.06 acre lot, 2 parking spaces.

This property is listed by Daniel Tae Kim.

DK

Daniel Tae Kim

License RS342404

Agent at Keller Williams Main Line

Listed by Keller Williams Main Line · Broker phone: (610) 520-0100 · View on Broker Site · Broker website

MLS# PAPH2665064· Source: Bright MLS· 64 days on PropertySimple

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

3281 RED LION Road, Philadelphia, PA 19114

Open this listing in: