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    Philadelphia Duplex with Separate Utilities Title is generated by Realmo AI

    155 W OLNEY Avenue, Philadelphia, PA 19120

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    For Sale
    $325,000

    MULTI_FAMILY - PHILADELPHIA, PA

    Property size:
    2,400 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $135/SF
    Added:
    May 28, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 7 at 11:06 am

    Property Features for 155 W OLNEY Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Dining Room, Basement
    Parking features
    On Street
    Interior features
    Combination Dining/Living, Combination Kitchen/Dining, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Wood Floors
    Appliances
    Energy Efficient Appliances, Built-In Microwave, Dishwasher, Dryer - Front Loading, Dryer - Electric, Washer - Front Loading, WaterHeater
    Standard status
    Active
    Size
    2,400 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3241

    Utilities

    Heating system
    Forced Air
    Cooling system
    Heat Pump

    Building Details

    Year built
    1925
    Number of units
    2
    Building materials
    Masonry

    We can help!

    Listing Contact
    Stephen Lecco

    Listing agent Stephen Lecco License #RS-285348

    Listing office Coldwell Banker Hearthside Realtors 2600 Philmont Avenue unit: 100, Richboro, PA

    Listing date May 28, 2026

    MLS# PAPH2624064 Listing URL

    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.

    HighLights

    • Fully leased duplex providing immediate rental income.
    • Two separate units: one with 3 bedrooms/1 bath, and another with 2 bedrooms/2 baths.
    • Separate utilities for each unit (heating, gas, electric, hot water).
    • In‑unit laundry, built‑in microwaves, dishwashers, and refrigerators in both units.
    • Rehabbed property with hardwood floors and modern kitchens.
    • Large 40x100 foot lot with potential for off‑street parking.

    Overview

    This fully leased twin-style duplex in Philadelphia features a 5-bedroom, 3-bath unit on the second floor and a 2-bedroom, 2-bath unit on the first floor, along with a full basement. The property has been renovated and includes separate utilities for each unit, including two high-efficiency heating systems with central air, separate gas hot water heaters, and separate gas and electric meters. Both units feature in-unit laundry, built-in microwaves, dishwashers, refrigerators, and hardwood flooring. The structure is situated on the left side of a 40 by 100 foot lot, offering a large yard that neighbors have utilized for off-street, private driveway parking. The property size is 2400 square feet and the lot size is 0.0918 acres.

    Local Financial Insights For Multifamily LT 5

    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 $40.0k $16.68
    − Vacancy −$2.9k −$1.20
    EGI $37.1k $15.48
    − OpEx −$11.1k −$4.64
    NOI $26.0k $10.83
    2,400 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $371.4K
    $325.0K – $433.3K (±1% cap)
    NOI $25,999 @ 7.0% cap · market cap 8.00%
    Second Best
    Apartment 5plus
    $330.4K
    $289.1K – $385.4K (±1% cap)
    NOI $23,125 @ 7.0% cap · market cap 7.12%
    Theoretical Best
    Office A
    $573.3K
    $501.7K – $668.9K (±1% cap)
    NOI $40,132 @ 7.0% cap · market cap 12.35%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.1234207
    Latitude
    40.0357513

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    FAQs

    What type of property is this?
    Duplex - Fully leased duplex with separate utilities and modern amenities.
    Where is this duplex located?
    The property is located at 155 W OLNEY Avenue Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Fully leased duplex providing immediate rental income.; Two separate units: one with 3 bedrooms/1 bath, and another with 2 bedrooms/2 baths.; Separate utilities for each unit (heating, gas, electric, hot water).
    (215) 431-8003
    We can help!
    Listing Contact
    Stephen Lecco
    Real Estate License ID: RS-285348
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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