Turn-Key Duplex With Separate
1619 ELAINE Street Philadelphia, PA 19150
1619 ELAINE Street, Philadelphia, PA, 19150
$359,900
For Sale
$359,900
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,440 SF
Lot Size0.05 Acres
Price / SF$249.93
Days on Market45
Property Features for 1619 ELAINE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 2
- Parking features
- Garage - Attached, Driveway
- Standard status
- Active
- Size
- 1,440 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5281
Utilities
- Heating system
- Other (Heating), Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing Agency
EXP Realty, LLC
(888) 397-7352
630 Freedom Business Ctr Drive unit: 300, Philadelphia, PA
Listed by
Irene Hunter · License #RS363688
(484) 574-0855
Added: Jun 4 Checked: Jul 18 at 5:06 pm
MLS# PAPH2623470
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.
Investment Insights
Based on property information with market context.
Turn-key duplex at 1619 Elaine Street featuring updates completed in 2022, including modern kitchens with granite countertops, stainless steel appliances, vinyl plank flooring, tile bathrooms, and fresh interior paint. The major capital improvement is a roof replacement completed in 2023 with transferable warranty coverage. The property includes basement storage, a shared laundry area, and a fenced outdoor space.
Unit 1 is a tenant-occupied 1-bedroom, 1-bath apartment with a lease in place. Unit 2 is an owner-occupied 2-bedroom, 1-bath unit. Separate electric meters support independent utility tracking. Parking is convenient with a 2-car garage and additional driveway parking.
The property is described as being within walking distance to public transportation, shopping, and dining, with quick access to Montgomery County and Arcadia University.
Unit 1 is a tenant-occupied 1-bedroom, 1-bath apartment with a lease in place. Unit 2 is an owner-occupied 2-bedroom, 1-bath unit. Separate electric meters support independent utility tracking. Parking is convenient with a 2-car garage and additional driveway parking.
The property is described as being within walking distance to public transportation, shopping, and dining, with quick access to Montgomery County and Arcadia University.
Key Highlights
- Assumable mortgage duplex with separate electric meters for Unit 1 and Unit 2
- Fully renovated in 2022, featuring modern kitchens with granite countertops and stainless steel appliances
- Roof replacement completed in 2023 with transferable warranty coverage
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 | $37.2k | $25.80 |
| − Vacancy | −$2.0k | −$1.42 |
| EGI | $35.1k | $24.38 |
| − OpEx | −$10.5k | −$7.31 |
| NOI | $24.6k | $17.06 |
1,440 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$351.0K
$307.2K – $409.6K
NOI $24,573 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$323.6K
$283.1K – $377.5K
NOI $22,651 @ 7.0% cap · market cap 6.29%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Renovated duplex with separate electric meters, tenant-occupied 1BR and owner-occupied 2BR, plus basement storage and garage.
Where is this duplex located?
The property is located at 1619 ELAINE Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Assumable mortgage duplex with separate electric meters for Unit 1 and Unit 2; Fully renovated in 2022, featuring modern kitchens with granite countertops and stainless steel appliances; Roof replacement completed in 2023 with transferable warranty coverage
