Victorian Duplex with
New
For Sale
$329,000
149 Herman Street, Philadelphia, PA 19144
A three-story residence combines a ready-to-occupy first-floor unit with upper levels requiring renovation.
Property Size1,900 SF
Lot Size0.17 Acres
Price / SF$173.16
Days on Market3
Property Features for 149 Herman Street
General Information
Standard status
Active
Size
1,900 SF
Lot size
0.17 Acres
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1910
Buildings
1
Stories
3
Construction
Victorian
Listing Agency:
Elfant Wissahickon-Chestnut Hill
Listed By:
Miriam Mosquera-Martinez · License #3197595
(610) 639-4397
Source:
Mynjhomesearch
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 20 at 4:55PM
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 Elfant Wissahickon-Chestnut Hill
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Investment Insights
Based on property information with market context.
Built in 1910, this three-story Victorian is configured as a duplex. The first-floor unit is move-in ready; the second and third floors need renovation. A full unfinished basement is also part of the property. The recorded property size is 1,900 square feet.
The approximately 80-by-95-foot lot includes a long driveway with room for 6–8 cars and a two-car garage accessed from Osceola Street. The property is in East Germantown, a short walk from Germantown Avenue.
The approximately 80-by-95-foot lot includes a long driveway with room for 6–8 cars and a two-car garage accessed from Osceola Street. The property is in East Germantown, a short walk from Germantown Avenue.
Key Highlights
- Three‑story Victorian duplex built in 1910
- 1,900‑square‑foot property
- First‑floor unit is move‑in ready; second and third floors require renovation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,886
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,720
$597.7K
Cap Rate 7%
$426,943
$426.9K
Cap Rate 9%
$332,067
$332.1K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$57.7K $30.36/SF
− Vacancy
−$3.3K −$1.76/SF
EGI
$54.3K $28.60/SF
− OpEx
−$24.5K −$12.87/SF
NOI
$29.9K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,720
Cap Rate 7%
$426,943
Cap Rate 9%
$332,067
Alternative Uses
Best Use
Multifamily LT 5
$463.2K
$405.3K – $540.4K
NOI $32,423 @ 7.0% cap · market cap 9.86%
Second Best
Apartment 5plus
$426.9K
$373.6K – $498.1K
NOI $29,886 @ 7.0% cap · market cap 9.08%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,231
Businesses Nearby
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Business Placement
Demographics for 19144, PA
44,481
Population
23,583
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
12,356
Density / Sq Mi
$45,727
Median Household Income
$36,020
Median Earnings
$1,110
Median Rent
$224,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A three-story residence combines a ready-to-occupy first-floor unit with upper levels requiring renovation.
Where is this duplex located?
The property is located at 149 Herman Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Three‑story Victorian duplex built in 1910; 1,900‑square‑foot property; First‑floor unit is move‑in ready; second and third floors require renovation
