Well-Maintained Duplex
For Sale
$345,000
Pending
2311 Rhawn Street, Philadelphia, PA 19152
Well-maintained duplex with two 1-bedroom, 1-bath units, central heating and air, and a full basement.
Property Size1,600 SF
Days on Market131
Property Features for 2311 Rhawn Street
General Information
Standard status
Pending
Size
1,600 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1950
Listing Agency:
EXP Realty, LLC
(267) 972-2107
Listed By:
Javier Nichols · License #RS338879
(267) 972-2107
Source:
Compass
Added: Mar 26
Changed: Jul 23
Last Checked: Jul 24 at 2:33PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This well-maintained duplex includes two spacious units, each laid out with 1 bedroom and 1 bathroom. Both units have central air and heat. The property also features a full basement with an unfinished bathroom, providing additional space and flexibility.
A detached two-car garage on site is currently used for storage, and it can be converted back to parking. This setup supports practical living or rental use while preserving valuable enclosed space for vehicles or storage.
The offering is positioned within the Philadelphia School District and is listed for sale, providing an owner-occupant option alongside an income-focused approach.
A detached two-car garage on site is currently used for storage, and it can be converted back to parking. This setup supports practical living or rental use while preserving valuable enclosed space for vehicles or storage.
The offering is positioned within the Philadelphia School District and is listed for sale, providing an owner-occupant option alongside an income-focused approach.
Key Highlights
- Duplex with two 1‑bedroom, 1‑bath units
- Each unit includes central heating and central air
- Full basement with an unfinished bathroom
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 | $41.3k | $25.80 |
| − Vacancy | −$2.3k | −$1.42 |
| EGI | $39.0k | $24.38 |
| − OpEx | −$11.7k | −$7.31 |
| NOI | $27.3k | $17.06 |
1,600 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$390.1K
$341.3K – $455.1K
NOI $27,304 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$359.5K
$314.6K – $419.5K
NOI $25,167 @ 7.0% cap · market cap 7.29%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,488
Businesses Nearby
Explore this area
Business Placement
Demographics for 19152, PA
35,911
Population
13,715
Households
2.6
Avg Household Size
41
Median Age
28%
College-Educated
88%
High-School Grad
2.9 sq mi
ZIP Area
12,383
Density / Sq Mi
$57,966
Median Household Income
$40,428
Median Earnings
$1,236
Median Rent
$270,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with two 1-bedroom, 1-bath units, central heating and air, and a full basement.
Where is this duplex located?
The property is located at 2311 Rhawn Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Duplex with two 1‑bedroom, 1‑bath units; Each unit includes central heating and central air; Full basement with an unfinished bathroom
