Turnkey Duplex With Updated
For Sale
$315,000
1161 OVERINGTON STREET, Philadelphia, PA 19124
Legally zoned duplex with two renovated 2-bedroom, 1-bath units, each with a private washer and dryer.
Property Size1,170 SF
Price / SF$269.23
Days on Market10
Property Features for 1161 OVERINGTON STREET
General Information
Standard status
Active
Size
1,170 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
private washer and dryer
Building Details
Year Built
1940
Tenancy
Multi
Listing Agency:
Keller Williams Real Estate - Newtown
(215) 385-2006
Listed By:
Anthony F DiCicco · License #RS315362
(215) 385-2006
Source:
Cummingsrealtors
Added: Jul 22
Changed: Jul 26
Last Checked: Jul 31 at 6:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Real Estate - Newtown
Investment Insights
Based on property information with market context.
1161 Overington Street is a legally zoned duplex with two renovated residential units. The property includes two 2-bedroom, 1-bath apartments, each laid out for comfortable living and updated with modern finishes. Both units feature updated kitchens with stainless steel appliances and contemporary cabinetry, along with energy-efficient LED lighting throughout. Each apartment also has its own private washer and dryer.
The duplex is currently occupied on month-to-month leases. The offering is described as recently renovated, positioned as a turnkey asset for low-immediate-improvement ownership.
With two separate, updated units, the property provides a practical setup for rental income while maintaining flexibility for future lease and occupancy decisions.
The duplex is currently occupied on month-to-month leases. The offering is described as recently renovated, positioned as a turnkey asset for low-immediate-improvement ownership.
With two separate, updated units, the property provides a practical setup for rental income while maintaining flexibility for future lease and occupancy decisions.
Key Highlights
- Legally zoned duplex built in 1940 with two 2‑bedroom, 1‑bath units
- Both units feature renovated interiors with updated kitchens and stainless steel appliances
- Each apartment includes a private washer and dryer
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 | $23.2k | $19.80 |
| − Vacancy | −$1.6k | −$1.39 |
| EGI | $21.5k | $18.41 |
| − OpEx | −$6.5k | −$5.52 |
| NOI | $15.1k | $12.89 |
1,170 SF · lease $19.80/SF/yr · vacancy 7.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$215.4K
$188.5K – $251.3K
NOI $15,076 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$198.2K
$173.4K – $231.2K
NOI $13,872 @ 7.0% cap · market cap 4.40%
Theoretical Best
Specialty Retail
$673.0K
$588.9K – $785.2K
NOI $47,110 @ 7.0% cap · market cap 14.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,451
Businesses Nearby
Explore this area
Business Placement
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
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 - Legally zoned duplex with two renovated 2-bedroom, 1-bath units, each with a private washer and dryer.
Where is this duplex located?
The property is located at 1161 OVERINGTON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Legally zoned duplex built in 1940 with two 2‑bedroom, 1‑bath units; Both units feature renovated interiors with updated kitchens and stainless steel appliances; Each apartment includes a private washer and dryer
