Updated Duplex with Garage
For Sale
$419,900
1316 Friendship Street, Philadelphia, PA 19111
Two updated 2-bedroom units each with separate utilities, offering income potential or owner-occupied flexibility.
Property Size2,160 SF
Price / SF$194.40
Days on Market90
Property Features for 1316 Friendship Street
General Information
Standard status
Active
Size
2,160 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Fee Simple
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1950
Tenancy
Multi
Listing Agency:
Bright Home Realty, LLC
(215) 613-7276
Listed By:
Bo Yuan Li · License #RM425099
(215) 613-7276
Source:
Compass
Added: May 3
Changed: Jul 10
Last Checked: Jul 31 at 1:12PM
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 Bright Home Realty, LLC
Investment Insights
Based on property information with market context.
This spacious duplex includes two separate 2-bedroom, 1-bath units, each designed with a large living room, formal dining room, and a modern kitchen. Recent updates include newer kitchens, hardwood floors, a newer roof, windows, and fresh paint. A partially finished basement adds practical extra space with laundry, storage, and an additional toilet that may support a full third bathroom. The property also features a detached garage, driveway parking for four cars, and a fenced backyard with a concrete patio.
Located at 1316 Friendship Street in Philadelphia, the home is described as being convenient to public transportation and major highways. The duplex is set up for day-to-day convenience with two heaters and two hot water heaters, supported by separate gas and electric utilities for each unit.
Both units are tenant occupied and currently on month-to-month leases. For investors, the configuration supports straightforward unit-level utility management. For owner-occupants, the layout provides the option to live in one unit while renting the other, with shared property amenities like parking and outdoor space kept on-site for both tenants.
Located at 1316 Friendship Street in Philadelphia, the home is described as being convenient to public transportation and major highways. The duplex is set up for day-to-day convenience with two heaters and two hot water heaters, supported by separate gas and electric utilities for each unit.
Both units are tenant occupied and currently on month-to-month leases. For investors, the configuration supports straightforward unit-level utility management. For owner-occupants, the layout provides the option to live in one unit while renting the other, with shared property amenities like parking and outdoor space kept on-site for both tenants.
Key Highlights
- Duplex with two 2‑bedroom, 1‑bath units; each has a large living room and formal dining room
- Recent updates include newer kitchens, hardwood floors, roof, windows, and fresh paint
- Separate gas and electric utilities, with two heaters and two hot water heaters already installed
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 | $42.8k | $19.80 |
| − Vacancy | −$1.3k | −$0.62 |
| EGI | $41.4k | $19.18 |
| − OpEx | −$12.4k | −$5.75 |
| NOI | $29.0k | $13.43 |
2,160 SF · lease $19.80/SF/yr · vacancy 3.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$414.3K
$362.5K – $483.4K
NOI $29,001 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$382.1K
$334.3K – $445.7K
NOI $26,744 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$654.9K
$573.0K – $764.0K
NOI $45,842 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,371
Businesses Nearby
Explore this area
Business Placement
Demographics for 19111, PA
67,017
Population
27,518
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
13,962
Density / Sq Mi
$60,441
Median Household Income
$39,065
Median Earnings
$1,221
Median Rent
$244,000
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 - Two updated 2-bedroom units each with separate utilities, offering income potential or owner-occupied flexibility.
Where is this duplex located?
The property is located at 1316 Friendship Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 1‑bath units; each has a large living room and formal dining room; Recent updates include newer kitchens, hardwood floors, roof, windows, and fresh paint; Separate gas and electric utilities, with two heaters and two hot water heaters already installed
