Two-Unit Philadelphia
For Sale
$375,000
1333 N 16TH STREET, Philadelphia, PA 19121
Both apartments are occupied under leases extending through January 2028, with in-unit laundry in each.
Property Size1,760 SF
Price / SF$213.07
Days on Market13
Property Features for 1333 N 16TH STREET
General Information
Standard status
Active
Size
1,760 SF
Property subtype
Duplex
Occupancy
100%
Site & Location
Neighborhood
South Philadelphia
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA, 1 x 4BR/2BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,820
Amenities
in-unit washer and dryer
Building Details
Building Size
1,760 SF
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
OCF Realty LLC - Philadelphia
Listed By:
Kendra Poole · License #RS340362
(215) 514-5602
Source:
Patmckennarealtors
Added: Oct 18
Changed: Oct 25
Last Checked: Oct 28 at 1:22PM
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 OCF Realty LLC - Philadelphia
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Investment Insights
Based on property information with market context.
This 1920-built duplex contains approximately 1,760 square feet across two tenant-occupied apartments. The first-floor unit has one bedroom and one bathroom; the second-floor apartment offers four bedrooms, two bathrooms, and a renovated kitchen. Each unit includes a washer and dryer, along with closet and storage space. Current leases run through January 31, 2028.
The property is in Philadelphia’s 19121 ZIP code, about one mile from Temple University’s main campus. The Girard Avenue and 16th Street transit stop is approximately 0.2 miles away, providing a nearby public transportation connection.
The property is in Philadelphia’s 19121 ZIP code, about one mile from Temple University’s main campus. The Girard Avenue and 16th Street transit stop is approximately 0.2 miles away, providing a nearby public transportation connection.
Key Highlights
- Two apartments totaling approximately 1,760 square feet
- Built in 1920
- First‑floor unit: 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,034
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,680
$600.7K
Cap Rate 7%
$429,057
$429.1K
Cap Rate 9%
$333,711
$333.7K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$45.4K $25.80/SF
− Vacancy
−$2.5K −$1.42/SF
EGI
$42.9K $24.38/SF
− OpEx
−$12.9K −$7.31/SF
NOI
$30.0K $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%
$600,680
Cap Rate 7%
$429,057
Cap Rate 9%
$333,711
Alternative Uses
Best Use
Multifamily LT 5
$429.1K
$375.4K – $500.6K
NOI $30,034 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$395.5K
$346.1K – $461.4K
NOI $27,684 @ 7.0% cap · market cap 7.38%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,767
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
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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 - Both apartments are occupied under leases extending through January 2028, with in-unit laundry in each.
Where is this duplex located?
The property is located at 1333 N 16TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two apartments totaling approximately 1,760 square feet; Built in 1920; First‑floor unit: 1 bedroom and 1 bathroom
