Corner Duplex with Vacant
2065 Granite Street Philadelphia, PA 19124
For Sale
$230,000
Modern duplex with a vacant second-floor 2-bedroom plus 1-bedroom unit and an occupied first-floor 2-bedroom unit.
Property Size1,528 SF
Price / SF$150.52
Days on Market490
Property Features for 2065 Granite Street
General Information
- Standard status
- Active
- Size
- 1,528 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1940
Listing Agency:
Keller Williams Realty
(609) 304-2314
Listed By:
Christopher Twardy · License #1540241
(609) 304-2314
Source:
Thetristaterealestategroup
Added: Mar 23, 2025
Changed: Jul 22
Last Checked: Jul 24 at 5:24AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This modern duplex offers two residential units arranged with the second-floor unit fully vacant and the first-floor unit occupied. The second-floor configuration is described as 2 bedrooms plus 1 bedroom, providing flexible living space for an owner-occupant or new tenant. The first-floor unit is a 2-bedroom setup and is currently occupied.
The property is on a corner block, and the remarks describe it as located in a quiet setting. It is presented as suitable for either cash flow or owner occupancy, based on the combination of an occupied unit and a vacant unit.
The offering is for sale as a residential income property, providing a straightforward two-unit structure with one unit ready for immediate occupancy or occupancy planning.
The property is on a corner block, and the remarks describe it as located in a quiet setting. It is presented as suitable for either cash flow or owner occupancy, based on the combination of an occupied unit and a vacant unit.
The offering is for sale as a residential income property, providing a straightforward two-unit structure with one unit ready for immediate occupancy or occupancy planning.
Key Highlights
- Modern duplex with a vacant 2nd‑floor unit and an occupied 1st‑floor unit
- 2nd‑floor unit: 2‑bedroom plus 1‑bedroom layout
- 1st‑floor unit: 2‑bedroom unit currently occupied
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 | $30.3k | $19.80 |
| − Vacancy | −$2.1k | −$1.39 |
| EGI | $28.1k | $18.41 |
| − OpEx | −$8.4k | −$5.52 |
| NOI | $19.7k | $12.89 |
1,528 SF · lease $19.80/SF/yr · vacancy 7.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$281.3K
$246.1K – $328.2K
NOI $19,689 @ 7.0% cap · market cap 8.56%
Second Best
Apartment 5plus
$258.8K
$226.5K – $302.0K
NOI $18,117 @ 7.0% cap · market cap 7.88%
Theoretical Best
Specialty Retail
$878.9K
$769.1K – $1.03M
NOI $61,525 @ 7.0% cap · market cap 26.75%
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 - Modern duplex with a vacant second-floor 2-bedroom plus 1-bedroom unit and an occupied first-floor 2-bedroom unit.
Where is this duplex located?
The property is located at 2065 Granite Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Modern duplex with a vacant 2nd‑floor unit and an occupied 1st‑floor unit; 2nd‑floor unit: 2‑bedroom plus 1‑bedroom layout; 1st‑floor unit: 2‑bedroom unit currently occupied
