Fully Leased Twin
155 West Olney Avenue Philadelphia, PA 19120
For Sale
$325,000
Rehabbed duplex with separate utilities and in-unit laundry.
Property Size2,400 SF
Lot Size0.09 Acres
Price / SF$135.42
Days on Market97
Property Features for 155 West Olney Avenue
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 0.09 Acres
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing Agency:
Coldwell Banker Hearthside Realtors
(215) 431-8003
Listed By:
Stephen Lecco · License #RS-285348
(215) 431-8003
Source:
Compass
Added: Apr 19
Changed: Jul 10
Last Checked: Jul 23 at 6:31AM
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 Coldwell Banker Hearthside Realtors
Investment Insights
Based on property information with market context.
This fully leased twin-style duplex features a 3-bedroom, 1-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 rehabbed and includes separate utilities, featuring two high-efficiency heating units with central air, separate gas hot water heaters, and separate gas and electric meters for each unit. Both units are equipped with 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. Similar lots in the neighborhood have been used for off-street, private driveway parking. The property is located in Philadelphia, specifically within the 19120 MLS area. A bus stop is located less than 1 mile away. The property is located within the Philadelphia City School District.
Key Highlights
- Fully leased duplex, providing immediate rental income for investors.
- Two separate units: a 3‑bedroom/1‑bath unit and a 2‑bedroom/2‑bath unit.
- Separate utilities for each unit, including high‑efficiency heating with central air, gas hot water heaters, and electric meters.
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 - Rehabbed duplex with separate utilities and in-unit laundry.
Where is this duplex located?
The property is located at 155 West 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 for investors.; Two separate units: a **3‑bedroom/1‑bath unit and a 2‑bedroom/2‑bath unit.**; Separate utilities for each unit, including high‑efficiency heating with central air, gas hot water heaters, and electric meters.
