Turnkey Duplex Near Temple
For Sale
$655,000
1612 N SYDENHAM STREET, Philadelphia, PA 19121
Turnkey duplex with two units and eight beds in 2,352 SF of rentable space.
Property Size2,352 SF
Price / SF$278.49
Days on Market545
Property Features for 1612 N SYDENHAM STREET
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Duplex
Site & Location
Neighborhood
North Philadelphia
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,345
Building Details
Building Size
2,352 SF
Year Built
2014
Listing Agency:
Keller Williams Liberty Place
Listed By:
Ryan J McManus · License #RS316262
(610) 606-1095
Source:
Lizclarkrealestate
Added: May 6, 2025
Changed: Oct 31
Last Checked: Oct 30 at 10:41PM
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 Liberty Place
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Investment Insights
Based on property information with market context.
This turnkey duplex offers two units and a total of eight beds within 2,352 SF of rentable space. The property is presented as ready for immediate ownership, with financials and building plans available upon request.
Located at 1612 North Sydenham Street in Philadelphia, the duplex is described as being just off Temple University’s main campus. It is also part of the Temple University Spring Semester Portfolio (TUSSP), a collective package that includes additional multifamily properties.
The building configuration is set up as a two-unit structure, positioned side-by-side with 1614 Sydenham. For additional context within the portfolio, TUSSP is described as including six buildings with eighteen units and sixty-four beds across the package.
Located at 1612 North Sydenham Street in Philadelphia, the duplex is described as being just off Temple University’s main campus. It is also part of the Temple University Spring Semester Portfolio (TUSSP), a collective package that includes additional multifamily properties.
The building configuration is set up as a two-unit structure, positioned side-by-side with 1614 Sydenham. For additional context within the portfolio, TUSSP is described as including six buildings with eighteen units and sixty-four beds across the package.
Key Highlights
- Turnkey duplex with 2 units and 8 beds in 2,352 SF of rentable space
- Year built: 2014
- No pool
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,137
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$802,740
$802.7K
Cap Rate 7%
$573,386
$573.4K
Cap Rate 9%
$445,967
$446.0K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$60.7K $25.80/SF
− Vacancy
−$3.3K −$1.42/SF
EGI
$57.3K $24.38/SF
− OpEx
−$17.2K −$7.31/SF
NOI
$40.1K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$802,740
Cap Rate 7%
$573,386
Cap Rate 9%
$445,967
Alternative Uses
Best Use
Multifamily LT 5
$573.4K
$501.7K – $669.0K
NOI $40,137 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$528.5K
$462.5K – $616.6K
NOI $36,996 @ 7.0% cap · market cap 5.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,265
Businesses Nearby
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Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
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 - Turnkey duplex with two units and eight beds in 2,352 SF of rentable space.
Where is this duplex located?
The property is located at 1612 N SYDENHAM STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: Turnkey duplex with 2 units and 8 beds in 2,352 SF of rentable space; Year built: 2014; No pool
