Renovated 2-Unit
New
For Sale
$265,000
1325 Narragansett St, Philadelphia, PA 19138
Two apartments offer separate bedroom configurations, with one unit providing basement and backyard access.
Property Size1,260 SF
Price / SF$210.32
Days on Market3
Property Features for 1325 Narragansett St
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Northwest Philadelphia
Taxes and HOA fees
Annual Taxes
$1,392
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Minh Nguyen-Rivera · License #RS333589
(267) 628-8062
Source:
Exprealty
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 4 at 2:27PM
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 KW Empower
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Investment Insights
Based on property information with market context.
This 1,260-square-foot duplex at 1325 Narragansett St has two apartments: a first-floor one-bedroom, one-bath unit and a second-floor two-bedroom, one-bath unit. The first-floor apartment is vacant and includes access to the basement and backyard. The upper unit is occupied under a lease through 5/31/2027. Improvements include central air, luxury vinyl plank flooring, stainless steel appliances, updated kitchens and bathrooms, upgraded mechanical systems and water heater, and separate utility arrangements. Laundry hookups are also in place, with fencing and a patio among the exterior features. The property has a stated 9.25% capitalization rate.
The duplex is in Philadelphia’s West Oak Lane area, near Awbury Arboretum and public transportation, with medical facilities and commercial corridors also described nearby.
The duplex is in Philadelphia’s West Oak Lane area, near Awbury Arboretum and public transportation, with medical facilities and commercial corridors also described nearby.
Key Highlights
- Two‑apartment duplex with a 1,260‑square‑foot building area
- First‑floor apartment: 1 bedroom, 1 bathroom, vacant, with basement and backyard access
- Second‑floor apartment: 2 bedrooms and 1 bathroom; tenant lease runs through 5/31/2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,502
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,040
$430.0K
Cap Rate 7%
$307,171
$307.2K
Cap Rate 9%
$238,911
$238.9K
Market Conditions
NOI Build-Up for 1,260 SF
Gross rent
$32.5K $25.80/SF
− Vacancy
−$1.8K −$1.42/SF
EGI
$30.7K $24.38/SF
− OpEx
−$9.2K −$7.31/SF
NOI
$21.5K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,040
Cap Rate 7%
$307,171
Cap Rate 9%
$238,911
Alternative Uses
Best Use
Multifamily LT 5
$307.2K
$268.8K – $358.4K
NOI $21,502 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$283.1K
$247.7K – $330.3K
NOI $19,819 @ 7.0% cap · market cap 7.48%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
1,018
Businesses Nearby
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Business Placement
Demographics for 19138, PA
31,816
Population
13,836
Households
2.3
Avg Household Size
39
Median Age
18%
College-Educated
89%
High-School Grad
1.8 sq mi
ZIP Area
17,676
Density / Sq Mi
$51,586
Median Household Income
$36,956
Median Earnings
$1,172
Median Rent
$167,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer separate bedroom configurations, with one unit providing basement and backyard access.
Where is this duplex located?
The property is located at 1325 Narragansett St Philadelphia, PA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two‑apartment duplex with a 1,260‑square‑foot building area; First‑floor apartment: 1 bedroom, 1 bathroom, vacant, with basement and backyard access; Second‑floor apartment: 2 bedrooms and 1 bathroom; tenant lease runs through 5/31/2027
