Updated Two-Unit
For Sale
$540,000
2108 N 17TH Street, Philadelphia, PA 19121
Multi-Family, PHILADELPHIA, PA
Property Size2,567 SF
Lot Size0.03 Acres
Price / SF$210.36
Days on Market192
Property Features for 2108 N 17TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,567 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
7803
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
washer/dryer
Building Details
Year built
2013
Number of units
2
Building materials
Masonry
Architectural style
Contemporary
Listing Agency:
Philly LMG, LLC
(215) 545-7007
Listed By:
Sabina Palermo · License #RS345386
(215) 821-5527
Added: Mar 6
Changed: Sep 6
Last Checked: Sep 14 at 5:06AM
MLS# PAPH2590938
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.
This 2,567-square-foot duplex contains two three-story residences, each arranged over two levels with 5 bedrooms and 3 bathrooms. Both units feature contemporary kitchens with stone countertops and stainless-steel appliances, along with washer and dryer packages. One residence also includes a backyard. The masonry property was built in 2013 and has forced-air heating and central air conditioning.
The property is near Temple University Campus, with shops and restaurants along North Broad Street. Center City Philadelphia is also accessible from the location. The roof was replaced in May 2025 with a 10-year warranty, while stucco repairs completed at the same time carry an 8-year warranty.
The property is near Temple University Campus, with shops and restaurants along North Broad Street. Center City Philadelphia is also accessible from the location. The roof was replaced in May 2025 with a 10-year warranty, while stucco repairs completed at the same time carry an 8-year warranty.
Key Highlights
- 2,567‑square‑foot duplex with two bi‑level residences
- Each unit includes 5 bedrooms and 3 bathrooms
- Contemporary kitchens with stone countertops and stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,806
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$876,120
$876.1K
Cap Rate 7%
$625,800
$625.8K
Cap Rate 9%
$486,733
$486.7K
Market Conditions
NOI Build-Up for 2,567 SF
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.
Gross rent
$66.2K $25.80/SF
− Vacancy
−$3.6K −$1.42/SF
EGI
$62.6K $24.38/SF
− OpEx
−$18.8K −$7.31/SF
NOI
$43.8K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$876,120
Cap Rate 7%
$625,800
Cap Rate 9%
$486,733
Alternative Uses
Best Use
Multifamily LT 5
$625.8K
$547.6K – $730.1K
NOI $43,806 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$576.8K
$504.7K – $673.0K
NOI $40,378 @ 7.0% cap · market cap 7.48%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,049
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Three-story duplex with two bi-level residences, contemporary kitchens, in-unit laundry, and proximity to Temple University.
Where is this duplex located?
The property is located at 2108 N 17TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: 2,567‑square‑foot duplex with two bi‑level residences; Each unit includes 5 bedrooms and 3 bathrooms; Contemporary kitchens with stone countertops and stainless‑steel appliances
