Newer-Construction Duplex
1716 West Norris Street Philadelphia, PA 19121
For Sale
$425,000
Pending
2009-built duplex with two bi-level units, each featuring in-unit washer/dryer and central HVAC.
Property Size2,353 SF
Days on Market121
Property Features for 1716 West Norris Street
General Information
- Standard status
- Pending
- Size
- 2,353 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2009
Listing Agency:
OCF Realty LLC - Philadelphia
(215) 995-3199
Listed By:
Thaddeus Dynakowski III · License #2443215
(215) 995-3199
Source:
Compass
Added: Mar 25
Changed: Jul 22
Last Checked: Jul 23 at 11:28AM
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 OCF Realty LLC - Philadelphia
Investment Insights
Based on property information with market context.
This newer-construction duplex, built in 2009, includes two bi-level apartments arranged for shared living. Each unit offers hardwood floors, central air and heat, and in-unit washer and dryer. The first unit features 4 bedrooms and 2 full bathrooms with an open-concept first-floor living and dining area, while the second unit offers 3 bedrooms and 2 full bathrooms.
The property is offered for sale and is fully leased with long-term tenants, providing immediate income from day one. The duplex also has separate utilities for each unit.
Located near Temple University in a Philadelphia rental area, the building is described as being minutes from the main campus, with nearby campus nightlife, restaurants, and amenities. Transportation options noted include proximity to the SEPTA Broad Street Line and multiple bus routes connecting to Center City and surrounding neighborhoods.
The property is offered for sale and is fully leased with long-term tenants, providing immediate income from day one. The duplex also has separate utilities for each unit.
Located near Temple University in a Philadelphia rental area, the building is described as being minutes from the main campus, with nearby campus nightlife, restaurants, and amenities. Transportation options noted include proximity to the SEPTA Broad Street Line and multiple bus routes connecting to Center City and surrounding neighborhoods.
Key Highlights
- 2009‑built duplex featuring two bi‑level apartments
- Unit mix: one 4BD/2BA and one 3BD/2BA, with open‑concept first‑floor living and dining
- Each unit includes hardwood floors, central air/heat, and in‑unit washer and dryer
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 | $71.4k | $30.36 |
| − Vacancy | −$4.1k | −$1.76 |
| EGI | $67.3k | $28.60 |
| − OpEx | −$30.3k | −$12.87 |
| NOI | $37.0k | $15.73 |
2,353 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$573.6K
$501.9K – $669.2K
NOI $40,154 @ 7.0% cap · market cap 9.45%
Second Best
Apartment 5plus
$528.7K
$462.7K – $616.9K
NOI $37,012 @ 7.0% cap · market cap 8.71%
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 - 2009-built duplex with two bi-level units, each featuring in-unit washer/dryer and central HVAC.
Where is this duplex located?
The property is located at 1716 West Norris Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2009‑built duplex featuring two bi‑level apartments; Unit mix: one 4BD/2BA and one 3BD/2BA, with open‑concept first‑floor living and dining; Each unit includes hardwood floors, central air/heat, and in‑unit washer and dryer
