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    Two-Unit Duplex with Rental License Title is generated by Realmo AI

    1234 POINT BREEZE Avenue, Philadelphia, PA 19146

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    For Sale
    $249,000

    MULTI_FAMILY - PHILADELPHIA, PA

    Property size:
    1,539 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $161/SF
    Added:
    Apr 9, 2026
    Days on Market:
    60
    Last Refresh:
    Jun 7 at 1:06 pm

    Property Features for 1234 POINT BREEZE Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    On Street
    Standard status
    Active
    Size
    1,539 SF
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4710

    Utilities

    Heating system
    Hot Water(Heating)

    Building Details

    Year built
    1923
    Number of units
    2
    Building materials
    Masonry

    We can help!

    Listing Contact
    Sam A Akif

    Listing agent Sam A Akif License #RS331003

    Listing office Keller Williams Main Line 6 Coulter Avenue unit: 2, Ardmore, PA

    Listing date Apr 9, 2026

    MLS# PAPH2605808 Listing URL

    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.

    HighLights

    • Two‑story duplex on an 18x92 lot with 1,539 SF of living area
    • 2‑bedroom lower unit currently generating $1,400/month rent
    • Vacant 1‑bedroom upper unit includes a den
    • CMX‑2 and RSA‑5 zoned lot and includes a valid two‑unit rental license
    • Built in 1923 with masonry construction and hot water heating
    • On‑street parking

    Overview

    This two-story duplex offers a straightforward two-unit configuration on an 18x92 lot, totaling 1,539 square feet. The lower unit is a 2-bedroom home currently generating $1,400 per month, while the upper unit is vacant and configured as a 1-bedroom layout that includes a den. The interior is described as in average condition and is ready for your updates, making the property well suited for buyers looking to reposition the space and build equity over time. The building also comes with a valid two-unit rental license, supporting an efficient transition for a new operator.

    Located in the heart of South Philadelphia’s Point Breeze neighborhood, the property is positioned for day-to-day convenience with local necessities and neighborhood favorites nearby, including Insatiable. The Point Breeze Avenue corridor is noted for its shops, and the remarks indicate the home is just blocks from public transit and everyday essentials.

    Zoned on a CMX-2 and RSA-5 lot, this asset can appeal to investors seeking immediate cash flow from the occupied lower unit and the opportunity to bring the vacant upper level back to market. It can also fit owner-occupants who want a legal, licensed two-unit setup while updating one unit and using the other for rental income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.17809
    Latitude
    39.93629

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    FAQs

    What type of property is this?
    Duplex - Two-story duplex with licensed, two-unit setup and income potential from an occupied two-bedroom lower level.
    Where is this duplex located?
    The property is located at 1234 POINT BREEZE Avenue Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: Two‑story duplex on an 18x92 lot with 1,539 SF of living area; 2‑bedroom lower unit currently generating $1,400/month rent; Vacant 1‑bedroom upper unit includes a den
    (215) 617-6142
    We can help!
    Listing Contact
    Sam A Akif
    Real Estate License ID: RS331003
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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