2542 W Girard Avenue, Philadelphia, PA 19130
Two-unit brick duplex with a 3-bedroom upper unit, 2-bedroom lower unit, and an expansive roof deck.
- Added:
- Jan 11, 2025
- Days on Market:
- 544
- Last Refresh:
- Jul 8 at 3:19 am
Property Features for 2542 W Girard Avenue
General Information
- Standard status
- Active
- Size
- 2,176 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1915
Listing office Main Line Investors Group (609) 744-6614
Listing date Jan 11, 2025
Source Thetristaterealestategroup
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 Main Line Investors Group
HighLights
- Two‑unit brick duplex built in 1915 with a 3‑bedroom upper unit and 2‑bedroom lower unit
- Upper unit includes heating (natural gas), central air (yes), natural gas hot water, and 3 bedrooms
- Lower unit features a 2‑bedroom layout with natural gas heating, natural gas hot water, and central air (yes)
- Expansive roof deck included with the upper unit
- Public water; no pool; brick/mortar foundation
- Lot size 0.03 acres with lot dimensions 16.00 x 78.00 (assessor)
Overview
Located at 2542 W Girard Avenue in Philadelphia, the property’s classic brick façade contributes to its residential character.
The building can work well for an owner-occupant seeking rental income while living in the duplex, or for an investor looking for a straightforward two-unit setup. With distinct 3-bedroom and 2-bedroom configurations, the home supports tenant flexibility and accommodates different household needs within the same property.
Local 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 | $56.1k | $25.80 |
| − Vacancy | −$3.1k | −$1.42 |
| EGI | $53.0k | $24.38 |
| − OpEx | −$15.9k | −$7.31 |
| NOI | $37.1k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1785993
- Latitude
- 39.9737132
