1316 Friendship Street Philadelphia, PA 19111
Two updated 2-bedroom units each with separate utilities, offering income potential or owner-occupied flexibility.
Property Features for 1316 Friendship Street
General Information
- Standard status
- Active
- Size
- 2,160 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1950
Listing office Bright Home Realty, LLC (215) 613-7276
Listing date May 3, 2026
Source Compass
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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.
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
Local 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 |
