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Philadelphia Duplex Near Temple University

2024 N CARLISLE Street Philadelphia, PA 19121

2024 N CARLISLE Street, Philadelphia, PA, 19121
$800,000
For Sale
$800,000

MULTI_FAMILY - PHILADELPHIA, PA

Property Size2,157 SF
Lot Size0.02 Acres
Price / SF$370.89
Days on Market132

Property Features for 2024 N CARLISLE Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Interior features
Window Treatments
Standard status
Active
Size
2,157 SF
Lot size
0.02 Acres

Taxes and HOA fees

Tax Annual Amount
5792

Utilities

Heating system
Central
Cooling system
Central Air

Building Details

Year built
1915
Number of units
2
Building materials
Masonry
Listing Agency Keller Williams Main Line
6 Coulter Avenue unit: 2, Ardmore, PA
Listed by Carson Merine · License #RS330645
Added: Mar 11 Updated: Jun 9 at 11:40 am Checked: Jul 20 at 8:06 pm
MLS# PAPH2585416 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.

Located blocks from Temple University's main campus at 2024 N Carlisle Street, Philadelphia, this well-maintained duplex offers an exceptional opportunity for investors. The property features two spacious bi-level units, each with four bedrooms and two full bathrooms. Each unit has an open and functional layout complete with central air, stainless steel appliances, and an in-unit stackable washer and dryer. The generous living space is designed for both comfort and convenience. The thoughtfully designed floor plans provide ample room for each resident while maintaining an inviting shared living environment. The property is situated in one of the area's most desirable off-campus housing locations, offering strong rental demand and reliable income potential. The 0.0235-acre lot houses a 2,157-square-foot building. The location provides easy access to public transportation, restaurants, fitness facilities, and neighborhood amenities, making it an ideal location for tenants seeking convenience and accessibility.

Key Highlights

  • Prime Location: Just blocks from Temple University's main campus.
  • Strong Rental Income Potential: Well‑maintained duplex with consistent demand.
  • Spacious Bi‑Level Units: Each unit features four bedrooms and two full bathrooms.

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 $55.7k $25.80
− Vacancy −$3.1k −$1.42
EGI $52.6k $24.38
− OpEx −$15.8k −$7.31
NOI $36.8k $17.06
2,157 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$525.8K
$460.1K – $613.5K (±1% cap)
NOI $36,809 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$484.7K
$424.1K – $565.5K (±1% cap)
NOI $33,929 @ 7.0% cap · market cap 4.24%
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

Suggested Use

Law Firm Dental Office Real Estate Agency Building Supply Accounting Firm Electrical Service Carpet & Flooring Store Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Veterinary Clinic

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Well-maintained duplex near Temple University, ideal for investors.
Where is this duplex located?
The property is located at 2024 N CARLISLE Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Prime Location: Just blocks from Temple University's main campus.; Strong Rental Income Potential: Well‑maintained duplex with consistent demand.; Spacious Bi‑Level Units: Each unit features four bedrooms and two full bathrooms.
Contact an agent
More about this property
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