Philadelphia Duplex with Separate
155 W OLNEY Avenue Philadelphia, PA 19120
For Sale
$325,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,400 SF
Lot Size0.09 Acres
Price / SF$135.42
Days on Market58
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
Listing Agency:
Coldwell Banker Hearthside Realtors
(215) 379-2002
Listed By:
Stephen Lecco · License #RS-285348
(215) 431-8003
Added: May 28
Changed: Jul 13
Last Checked: Jul 24 at 2:06AM
MLS# PAPH2624064
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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Fully leased twin‑style duplex with a 3BR/1BA unit and a 2BR/2BA unit
- 2 separate utility setups: gas hot water heaters, separate gas and electric meters for each unit
- Each unit includes in‑unit laundry with front‑loading washer/dryer
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
NOI $25,999 @ 7.0% cap · market cap 8.00%
Second Best
Apartment 5plus
$330.4K
$289.1K – $385.4K
NOI $23,125 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$573.3K
$501.7K – $668.9K
NOI $40,132 @ 7.0% cap · market cap 12.35%
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 - 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 twin‑style duplex with a 3BR/1BA unit and a 2BR/2BA unit; 2 separate utility setups: gas hot water heaters, separate gas and electric meters for each unit; Each unit includes in‑unit laundry with front‑loading washer/dryer
