2-Unit Duplex with In-Unit
New
For Sale
$375,000
1333 N 16TH Street, Philadelphia, PA 19121
Multi-Family, PHILADELPHIA, PA
Property Size1,760 SF
Lot Size0.02 Acres
Price / SF$213.07
Days on Market4
Property Features for 1333 N 16TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,760 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
4820
Utilities
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Amenities
in-unit washer and dryer
closets
storage room
Building Details
Year built
1920
Number of units
2
Building materials
Masonry
Listing Agency:
OCF Realty LLC - Philadelphia
(215) 735-7368
Listed By:
Kendra Poole · License #RS340362
(215) 514-5602
Added: Oct 18
Changed: Oct 20
Last Checked: Oct 21 at 7:06AM
MLS# PAPH2675082
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1920-built, masonry duplex contains 1,760 square feet across two residences. The first-floor unit has one bedroom and one bathroom; the second-floor unit has four bedrooms, two bathrooms, and a renovated kitchen. Each residence includes an in-unit washer and dryer, and the property also has basement space. Heating is provided by hot water, with window-unit cooling.
Both units are tenant occupied under leases running through January 31, 2028. The Girard Avenue and 16th Street transit stop is about two tenths of a mile away, and Temple University’s main campus is roughly one mile from the property. Parking is on street.
Both units are tenant occupied under leases running through January 31, 2028. The Girard Avenue and 16th Street transit stop is about two tenths of a mile away, and Temple University’s main campus is roughly one mile from the property. Parking is on street.
Key Highlights
- Two tenant‑occupied units with leases through 01/31/2028
- 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
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,434
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 - The two residences offer distinct bedroom and bathroom layouts, including an upper unit with a renovated kitchen.
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 tenant‑occupied units with leases through 01/31/2028; 1,760 square feet; built in 1920; First‑floor unit: 1 bedroom and 1 bathroom
