Well-Maintained Duplex
1522 North Frazier Street Philadelphia, PA 19131
For Sale
$185,000
Two residential units in a well-maintained duplex with separate hot water heaters and individual heating and air systems.
Property Size1,050 SF
Price / SF$176.19
Days on Market131
Property Features for 1522 North Frazier Street
General Information
- Standard status
- Active
- Size
- 1,050 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing Agency:
Redfin Corporation
(267) 796-4769
Listed By:
Brenda R Beiser · License #RS335119
(267) 796-4769
Source:
Compass
Added: Mar 16
Changed: Jul 23
Last Checked: Jul 23 at 9:20AM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two rental units with separate hot water heaters and their own heating and air systems. Unit 1 is a one-bedroom, one-bath layout with hard laminate flooring, electric baseboard heating, a window A/C unit, a living room with a large window and built-in shelving, a kitchen with ample cabinet space, a rear bedroom with a large window and built-in closet, and a full bathroom with tile floors and a tiled shower/tub combination.
Unit 2 features a two-bedroom, one-bath layout with hard laminate and tile flooring in the kitchen, a tile backsplash, and a large refrigerator. It includes a front primary bedroom with a bay window, a rear second bedroom, and a hall bathroom with a tiled tub/shower combination, tile flooring, and a skylight.
Located in Carroll Park, the property is described as convenient to public transportation and I-76.
Unit 2 features a two-bedroom, one-bath layout with hard laminate and tile flooring in the kitchen, a tile backsplash, and a large refrigerator. It includes a front primary bedroom with a bay window, a rear second bedroom, and a hall bathroom with a tiled tub/shower combination, tile flooring, and a skylight.
Located in Carroll Park, the property is described as convenient to public transportation and I-76.
Key Highlights
- Well‑maintained duplex built in 1920 with two residential units
- Each unit has its own hot water heater, supporting separate utility control
- Separate heating and air systems: Unit 1 has electric baseboard heat and a window A/C unit; Unit 2 has central heat and air
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 | $31.9k | $30.36 |
| − Vacancy | −$1.8k | −$1.76 |
| EGI | $30.0k | $28.60 |
| − OpEx | −$13.5k | −$12.87 |
| NOI | $16.5k | $15.73 |
1,050 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$256.0K
$224.0K – $298.6K
NOI $17,918 @ 7.0% cap · market cap 9.69%
Second Best
Apartment 5plus
$235.9K
$206.5K – $275.3K
NOI $16,516 @ 7.0% cap · market cap 8.93%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two residential units in a well-maintained duplex with separate hot water heaters and individual heating and air systems.
Where is this duplex located?
The property is located at 1522 North Frazier Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Well‑maintained duplex built in 1920 with two residential units; Each unit has its own hot water heater, supporting separate utility control; Separate heating and air systems: Unit 1 has electric baseboard heat and a window A/C unit; Unit 2 has central heat and air
