Renovated Duplex with Finished
For Sale
$299,900
343 N 60TH Street, Philadelphia, PA 19139
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,510 SF
Lot Size0.02 Acres
Price / SF$198.61
Days on Market26
Property Features for 343 N 60TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Appliances
Built-In Microwave, Dishwasher, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer/Dryer Hookups Only
Subdivision
HADDINGTON
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,510 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
2018
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1915
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Common Ground Realtors
(215) 222-2300
Listed By:
Karmen N Fails · License #AB069739
(215) 987-6625
Added: Jul 17
Changed: Aug 4
Last Checked: Aug 11 at 10:06PM
MLS# PAPH2647744
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 1,510-square-foot duplex contains two separate apartments within a masonry building constructed in 1915. The first-floor residence includes an open living and kitchen area, peninsula cabinetry, a bathroom, laundry hookups, one bedroom, and a finished basement with a half bathroom. A small rear area is also included. The upper apartment provides a kitchen, laundry hookups, a bathroom with an operable skylight, and a larger bedroom.
Each unit has its own electric utility and mechanical systems, supporting independent service access. Building systems include forced-air heat and central air conditioning. Appliances include electric ranges, refrigerators, dishwashers, built-in microwaves, and stainless steel equipment. On-street parking is available.
The property is located at 343 N 60TH Street in Philadelphia’s Haddington section, with access to Center City and the Main Line. It is grandfathered in zoning as a duplex.
Each unit has its own electric utility and mechanical systems, supporting independent service access. Building systems include forced-air heat and central air conditioning. Appliances include electric ranges, refrigerators, dishwashers, built-in microwaves, and stainless steel equipment. On-street parking is available.
The property is located at 343 N 60TH Street in Philadelphia’s Haddington section, with access to Center City and the Main Line. It is grandfathered in zoning as a duplex.
Key Highlights
- Two‑unit duplex with 1,510 square feet of building area
- 0.02‑acre lot at 343 N 60TH Street, Philadelphia, PA 19139
- Each apartment has separate electric utility and mechanical systems
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
$25,768
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
8.59%
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%
$515,360
$515.4K
Cap Rate 7%
$368,114
$368.1K
Cap Rate 9%
$286,311
$286.3K
Market Conditions
NOI Build-Up for 1,510 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
$39.0K $25.80/SF
− Vacancy
−$2.1K −$1.42/SF
EGI
$36.8K $24.38/SF
− OpEx
−$11.0K −$7.31/SF
NOI
$25.8K $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%
$515,360
Cap Rate 7%
$368,114
Cap Rate 9%
$286,311
Alternative Uses
Best Use
Multifamily LT 5
$368.1K
$322.1K – $429.5K
NOI $25,768 @ 7.0% cap · market cap 8.59%
Second Best
Apartment 5plus
$339.3K
$296.9K – $395.9K
NOI $23,752 @ 7.0% cap · market cap 7.92%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,745
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer separate utilities, individual mechanical systems, kitchens, bathrooms, and laundry hookups.
Where is this duplex located?
The property is located at 343 N 60TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,510 square feet of building area; 0.02‑acre lot at 343 N 60TH Street, Philadelphia, PA 19139; Each apartment has separate electric utility and mechanical systems
