Brick Two-Unit
New
For Sale
$319,900
1257 Gilham St, Philadelphia, PA 19111
Two apartments feature separate eat-in kitchens, while the basement provides shared laundry and storage space.
Property Size1,222 SF
Price / SF$261.78
Days on Market5
Property Features for 1257 Gilham St
General Information
Standard status
Active
Size
1,222 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Site & Location
Neighborhood
Northeast Philadelphia
Public Transit
Yes
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
laundry space
storage
fenced yard
Building Details
Year Built
1941
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Canaan Realty Services INC
Listed By:
Luna Ge · License #RS338550
(814) 933-9250
Source:
Viewmarylandhomesforsale
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 2:44PM
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 Canaan Realty Services INC
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Investment Insights
Based on property information with market context.
Built in 1941, this 1,222-square-foot brick duplex contains two apartments, each with one bedroom and one full bathroom. Both kitchens are arranged for dining; the first-floor unit has wood cabinetry and granite-look counters, while the upper unit has white cabinets and an electric range. Arched doorways distinguish the second-floor living room. Each bathroom includes a tub and shower.
The property occupies a corner lot in Northeast Philadelphia, with fenced front and side yard areas. A basement offers laundry and storage, and a rear garage provides off-street parking. The two-unit layout includes separate living areas and kitchens.
The property occupies a corner lot in Northeast Philadelphia, with fenced front and side yard areas. A basement offers laundry and storage, and a rear garage provides off-street parking. The two-unit layout includes separate living areas and kitchens.
Key Highlights
- Brick duplex with two 1‑bedroom, 1‑bathroom apartments
- 1,222 square feet; built in 1941
- First‑floor kitchen has wood cabinetry and granite‑look counters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,407
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,140
$328.1K
Cap Rate 7%
$234,386
$234.4K
Cap Rate 9%
$182,300
$182.3K
Market Conditions
NOI Build-Up for 1,222 SF
Gross rent
$24.2K $19.80/SF
− Vacancy
−$757 −$0.62/SF
EGI
$23.4K $19.18/SF
− OpEx
−$7.0K −$5.75/SF
NOI
$16.4K $13.43/SF
Area
ZIP 19111
Vacancy
3.13%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,140
Cap Rate 7%
$234,386
Cap Rate 9%
$182,300
Alternative Uses
Best Use
Multifamily LT 5
$234.4K
$205.1K – $273.5K
NOI $16,407 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$216.1K
$189.1K – $252.2K
NOI $15,130 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$370.5K
$324.2K – $432.3K
NOI $25,935 @ 7.0% cap · market cap 8.11%
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
1,099
Businesses Nearby
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Business Placement
Demographics for 19111, PA
67,017
Population
27,518
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
13,962
Density / Sq Mi
$60,441
Median Household Income
$39,065
Median Earnings
$1,221
Median Rent
$244,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments feature separate eat-in kitchens, while the basement provides shared laundry and storage space.
Where is this duplex located?
The property is located at 1257 Gilham St Philadelphia, PA.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Brick duplex with two 1‑bedroom, 1‑bathroom apartments; 1,222 square feet; built in 1941; First‑floor kitchen has wood cabinetry and granite‑look counters
