Philadelphia Duplex Investment
1519 Foulkrod Street Philadelphia, PA 19124
For Sale
$290,000
Duplex in Northeast Philadelphia with renovation potential and strong upside.
Property Size2,100 SF
Price / SF$138.10
Days on Market134
Property Features for 1519 Foulkrod Street
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1935
Listing Agency:
ISS Realty, LLC
(215) 795-0207
Listed By:
Warren F. Nelson
(215) 795-0207
Source:
Compass
Added: Mar 13
Changed: Jul 10
Last Checked: Jul 23 at 10:35AM
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 ISS Realty, LLC
Investment Insights
Based on property information with market context.
This duplex in Northeast Philadelphia presents an investor opportunity, featuring an active rental license and vacant units for full control upon acquisition. Constructed of solid brick on a CMX-2 zoned lot, the property is suited for renovation and repositioning. Nearby rental comparables suggest stabilized rents of approximately $1,050 per unit, indicating potential for investors seeking a value-add project. The property is sold as-is and requires renovation. The buyer is responsible for due diligence, licenses, and certifications. Its location offers convenient access to Roosevelt Boulevard, shopping, and public transportation.
Key Highlights
- Duplex with active rental license and both units vacant, offering immediate rental income potential after renovation.
- Strong investment upside with estimated stabilized rents of $1,050 per unit based on rental comparables.
- Solid brick construction on a CMX‑2 zoned lot, suitable for renovation and repositioning.
Financial Insights For Apartment 5plus
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 | $48.9k | $23.28 |
| − Vacancy | −$3.6k | −$1.72 |
| EGI | $45.3k | $21.56 |
| − OpEx | −$20.4k | −$9.70 |
| NOI | $24.9k | $11.86 |
2,100 SF · lease $23.28/SF/yr · vacancy 7.40% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$386.6K
$338.3K – $451.0K
NOI $27,060 @ 7.0% cap · market cap 9.33%
Second Best
Apartment 5plus
$355.7K
$311.2K – $415.0K
NOI $24,899 @ 7.0% cap · market cap 8.59%
Theoretical Best
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,556 @ 7.0% cap · market cap 29.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex in Northeast Philadelphia with renovation potential and strong upside.
Where is this duplex located?
The property is located at 1519 Foulkrod Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Duplex with active rental license and both units vacant, offering immediate rental income potential after renovation.; Strong investment upside with estimated stabilized rents of $1,050 per unit based on rental comparables.; Solid brick construction on a CMX‑2 zoned lot, suitable for renovation and repositioning.
