Two-Unit Duplex Near
For Sale
$635,000
1632 N SYDENHAM STREET, Philadelphia, PA 19121
Built in 2016, this residential income property supports a student-housing strategy near Temple University’s main campus.
Property Size2,038 SF
Days on Market447
Property Features for 1632 N SYDENHAM STREET
General Information
Standard status
Active
Size
2,038 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,936
Building Details
Building Size
2,038 SF
Year Built
2016
Buildings
1
Listing Agency:
Keller Williams Liberty Place
(610) 606-1095
Listed By:
Ryan J McManus · License #RS316262
(610) 606-1095
Source:
Patmckennarealtors
Added: May 15, 2025
Changed: Aug 4
Last Checked: Aug 4 at 4:01AM
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.
Constructed in 2016, this duplex contains two residential units with seven beds and more than 2,000 SF of rentable space. The configuration is suited to the student-housing segment and is presented as a residential income property near Temple University’s main campus.
The building is located at 1632 N Sydenham Street in Philadelphia, Pennsylvania. It may be purchased individually or included in a six-building Temple University Spring Semester Portfolio comprising 18 units and 64 beds. The broader offering also includes properties on Oxford, Sydenham, Jefferson, and Berks streets.
The building is located at 1632 N Sydenham Street in Philadelphia, Pennsylvania. It may be purchased individually or included in a six-building Temple University Spring Semester Portfolio comprising 18 units and 64 beds. The broader offering also includes properties on Oxford, Sydenham, Jefferson, and Berks streets.
Key Highlights
- Two‑unit duplex with 7 beds
- More than 2,000 SF of rentable space
- Built in 2016
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 | $52.6k | $25.80 |
| − Vacancy | −$2.9k | −$1.42 |
| EGI | $49.7k | $24.38 |
| − OpEx | −$14.9k | −$7.31 |
| NOI | $34.8k | $17.06 |
2,038 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$496.8K
$434.7K – $579.6K
NOI $34,778 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$458.0K
$400.7K – $534.3K
NOI $32,057 @ 7.0% cap · market cap 5.05%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,172
Businesses Nearby
Explore this area
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
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 - Built in 2016, this residential income property supports a student-housing strategy near Temple University’s main campus.
Where is this duplex located?
The property is located at 1632 N SYDENHAM STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Two‑unit duplex with 7 beds; More than 2,000 SF of rentable space; Built in 2016
