Turnkey Duplex Near Temple
1612 North Sydenham Street Philadelphia, PA 19121
For Sale
$655,000
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 Market459
Property Features for 1612 North Sydenham Street
General Information
- Standard status
- Active
- Size
- 2,352 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2014
Listing Agency:
Keller Williams Liberty Place
(610) 606-1095
Listed By:
Ryan J McManus · License #RS316262
(610) 606-1095
Source:
Compass
Added: Apr 23, 2025
Changed: Jul 23
Last Checked: Jul 24 at 12:17PM
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
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 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 | $60.7k | $25.80 |
| − Vacancy | −$3.3k | −$1.42 |
| EGI | $57.3k | $24.38 |
| − OpEx | −$17.2k | −$7.31 |
| NOI | $40.1k | $17.06 |
2,352 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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 North 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
