Renovated Duplex with In-Unit
1234 North 55th Street Philadelphia, PA 19131
For Sale
$345,000
Pending
Totally renovated duplex with separate HVAC and in-unit laundry, offering two apartments with updated kitchens and baths.
Property Size1,889 SF
Days on Market17
Property Features for 1234 North 55th Street
General Information
- Standard status
- Pending
- Size
- 1,889 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing Agency:
Compass
(267) 768-4404
Listed By:
Eric Prine · License #RS345304
(267) 768-4404
Source:
Compass
Added: Jul 8
Changed: Jul 21
Last Checked: Jul 24 at 1:40PM
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 Compass
Investment Insights
Based on property information with market context.
A totally gut renovated duplex offering two distinct, updated residences. Unit 1 features 2 bedrooms and 1 full bathroom. Unit 2 features 4 bedrooms and 2 full bathrooms. Both units have been renovated with modern finishes, including new kitchens and bathrooms, contemporary flooring, and new mechanical systems.
The property includes separate HVAC and in-unit laundry for each unit. It has been inspected by the PHA and certified “Excellent.”
The building is positioned in a Group 3 PHA zip code, and the listing notes payment standard rents of $2010 for 2-bedroom units and $2690 for 4-bedroom units. Located in Philadelphia near public transportation, shopping, schools, parks, and major commuter routes, the duplex offers straightforward access to everyday needs.
The property includes separate HVAC and in-unit laundry for each unit. It has been inspected by the PHA and certified “Excellent.”
The building is positioned in a Group 3 PHA zip code, and the listing notes payment standard rents of $2010 for 2-bedroom units and $2690 for 4-bedroom units. Located in Philadelphia near public transportation, shopping, schools, parks, and major commuter routes, the duplex offers straightforward access to everyday needs.
Key Highlights
- Totally gut renovated duplex built in 1915 in Carroll Park
- Two apartments: Unit 1 has 2 bedrooms and 1 full bath; Unit 2 has 4 bedrooms and 2 full baths
- Separate HVAC for each unit plus in‑unit laundry in both apartments
Financial Insights For Apartment 5plus
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 | $57.4k | $30.36 |
| − Vacancy | −$3.3k | −$1.76 |
| EGI | $54.0k | $28.60 |
| − OpEx | −$24.3k | −$12.87 |
| NOI | $29.7k | $15.73 |
1,889 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$460.5K
$403.0K – $537.3K
NOI $32,236 @ 7.0% cap · market cap 9.34%
Second Best
Apartment 5plus
$424.5K
$371.4K – $495.2K
NOI $29,713 @ 7.0% cap · market cap 8.61%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Totally renovated duplex with separate HVAC and in-unit laundry, offering two apartments with updated kitchens and baths.
Where is this duplex located?
The property is located at 1234 North 55th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Totally gut renovated duplex built in 1915 in Carroll Park; Two apartments: Unit 1 has 2 bedrooms and 1 full bath; Unit 2 has 4 bedrooms and 2 full baths; Separate HVAC for each unit plus in‑unit laundry in both apartments
