Renovated Duplex in Point
1617 POINT BREEZE Avenue, Philadelphia, PA 19145
MULTI_FAMILY - PHILADELPHIA, PA
Property size:
1,250 SFLot size:
0.02 AcresPrice / SF:
$308/SF- Added:
- Apr 9, 2026
- Days on Market:
- 56
- Last Refresh:
- Jun 3 at 9:06 am
Property Features for 1617 POINT BREEZE Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,250 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3870
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Masonry
Listing agent Sam A Akif License #RS331003 (215) 617-6142
Listing office Keller Williams Main Line 6 Coulter Avenue unit: 2, Ardmore, PA (610) 520-0100
Listing date Apr 9, 2026
MLS# PAPH2605784
Listing URL
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.
HighLights
- Strong rental income: $1,400 (1st floor) + $1,200 (2nd floor) monthly.
- Prime location in the rapidly growing Point Breeze neighborhood.
- Move‑in ready duplex, recently renovated and in above‑average condition.
- House‑hacking or investment opportunity.
- Convenient access to public transportation (Broad Street Line, bus routes) for easy commuting to Center City.
- Steps away from daily essentials (grocers, pharmacies, shopping center) and vibrant community amenities (coffee shops, parks, brewery).
Overview
This move-in-ready, two-story duplex is located in the Point Breeze neighborhood. The property features two spacious units, each with one bedroom and a full bathroom. The building has been recently renovated and maintained. The property generates rental income, with the first floor bringing in $1,400 and the second floor bringing in $1,200 monthly. The property includes 1,250 square feet of living space with clean finishes. Situated on Point Breeze Avenue, the property is near local grocers, pharmacies, and the South Philadelphia Shopping Center. Transportation is facilitated by access to the Broad Street Line and multiple bus routes, providing access to Center City. The property is part of a community with coffee shops, parks, and Dock Street Brewery South. The lot size is 0.0204 acres.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.3k | $25.80 |
| − Vacancy | −$1.8k | −$1.42 |
| EGI | $30.5k | $24.38 |
| − OpEx | −$9.1k | −$7.31 |
| NOI | $21.3k | $17.06 |
1,250 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$304.7K
$266.6K – $355.5K
NOI $21,331 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$280.9K
$245.8K – $327.7K
NOI $19,662 @ 7.0% cap · market cap 5.11%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1819305
- Latitude
- 39.9317627
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Move-in ready duplex in a rapidly growing Philadelphia neighborhood.
Where is this duplex located?
The property is located at 1617 POINT BREEZE Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Strong rental income: $1,400 (1st floor) + $1,200 (2nd floor) monthly.; Prime location in the rapidly growing Point Breeze neighborhood.; Move‑in ready duplex, recently renovated and in above‑average condition.
