Renovated Duplex with Two-Car
79 E HIGH Street Philadelphia, PA 19144
New
For Sale
$550,000
MULTI_FAMILY - Colonial - PHILADELPHIA, PA
Property Size2,470 SF
Lot Size0.16 Acres
Price / SF$222.67
Days on Market7
Property Features for 79 E HIGH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
2
Parking features
Off Street
Standard status
Active
Size
2,470 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
3418
Utilities
Heating system
Central
Building Details
Year built
1900
Number of units
2
Building materials
Stone
Architectural style
Colonial
Listing Agency:
OCF Realty LLC - Philadelphia
(215) 735-7368
Listed By:
Darwin Laureano · License #RS356195
(610) 973-9441
Added: Jul 23
Last Checked: Jul 29 at 9:06AM
MLS# PAPH2643974
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 fully renovated duplex offers approximately 2,470 square feet on a 0.1567-acre lot. The property includes two units, with one unit currently rented through PHA at $1,500 per month. The second unit is a four-bedroom unit that is vacant, providing an opportunity to lease it up.
A two-car garage is located at the rear of the property. Per ownership, the parcel is believed to be zoned for a four-unit development, offering a potential path for additional value beyond the existing duplex layout.
The combination of a renovated duplex with a current rental and a separately rentable four-bedroom unit makes this an attractive fit for investors or owner-occupants looking to manage residential income within a duplex configuration.
A two-car garage is located at the rear of the property. Per ownership, the parcel is believed to be zoned for a four-unit development, offering a potential path for additional value beyond the existing duplex layout.
The combination of a renovated duplex with a current rental and a separately rentable four-bedroom unit makes this an attractive fit for investors or owner-occupants looking to manage residential income within a duplex configuration.
Key Highlights
- Fully renovated duplex with 2,470 SF on a 0.16‑acre lot in Germantown
- One unit is rented through PHA at $1,500/month; second unit is a 4‑bedroom currently vacant
- Second unit can be leased to target combined rent of $3,700+ per month when both units are occupied
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 | $63.7k | $25.80 |
| − Vacancy | −$3.5k | −$1.42 |
| EGI | $60.2k | $24.38 |
| − OpEx | −$18.1k | −$7.31 |
| NOI | $42.2k | $17.06 |
2,470 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$602.1K
$526.9K – $702.5K
NOI $42,150 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$555.0K
$485.7K – $647.5K
NOI $38,852 @ 7.0% cap · market cap 7.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated duplex on a 0.16-acre lot with one unit rented via PHA and a vacant four-bedroom unit.
Where is this duplex located?
The property is located at 79 E HIGH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Fully renovated duplex with 2,470 SF on a 0.16‑acre lot in Germantown; One unit is rented through PHA at $1,500/month; second unit is a 4‑bedroom currently vacant; Second unit can be leased to target combined rent of $3,700+ per month when both units are occupied
