Two-Unit End-Row
1231 N 16TH ST, Philadelphia, PA 19121
For Sale
$439,900
Both residences are vacant and have separate utilities and central air conditioning.
Property Size1,800 SF
Price / SF$244.39
Days on Market23
Property Features for 1231 N 16TH ST
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Amenities
central air
washer and dryer
backyard
Building Details
Buildings
Listing Agency:
Domain Real Estate Group, LLC
(215) 473-1800
Listed By:
Katiyah Whitaker · License PA RS325491
(267) 279-5854
Source:
360
Added: Oct 20
Changed: Nov 8
Last Checked: Nov 10 at 7:50AM
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 Domain Real Estate Group, LLC
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Investment Insights
Based on property information with market context.
This 1,800-square-foot duplex contains two vacant apartments. The first-floor residence has two bedrooms; the upper apartment spans the second and third floors and includes three bedrooms and two bathrooms. Both units have central air conditioning and separate utilities. Interior features include vinyl flooring, gray shaker-style cabinetry, granite countertops, stainless steel appliances, and a washer and dryer. The property also has a backyard and iron railings.
The Philadelphia property is near Girard Avenue, Fairmount shops and restaurants, Temple University, the Met, Center City, and the Ridge Avenue dining and retail corridor. Public transportation is within walking distance.
The Philadelphia property is near Girard Avenue, Fairmount shops and restaurants, Temple University, the Met, Center City, and the Ridge Avenue dining and retail corridor. Public transportation is within walking distance.
Key Highlights
- Two apartments totaling 1,800 square feet
- First‑floor unit has 2 bedrooms; upper bi‑level unit has 3 bedrooms and 2 bathrooms
- Both units are vacant and have separate utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,717
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,340
$614.3K
Cap Rate 7%
$438,814
$438.8K
Cap Rate 9%
$341,300
$341.3K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$46.4K $25.80/SF
− Vacancy
−$2.6K −$1.42/SF
EGI
$43.9K $24.38/SF
− OpEx
−$13.2K −$7.31/SF
NOI
$30.7K $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 Rate 5%
$614,340
Cap Rate 7%
$438,814
Cap Rate 9%
$341,300
Alternative Uses
Best Use
Multifamily LT 5
$438.8K
$384.0K – $512.0K
NOI $30,717 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$404.5K
$353.9K – $471.9K
NOI $28,313 @ 7.0% cap · market cap 6.44%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,455
Businesses Nearby
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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
$250,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Philadelphia, PA
Properties on Market for Duplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant and have separate utilities and central air conditioning.
Where is this duplex located?
The property is located at 1231 N 16TH ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Two apartments totaling 1,800 square feet; First‑floor unit has 2 bedrooms; upper bi‑level unit has 3 bedrooms and 2 bathrooms; Both units are vacant and have separate utilities
