Bi-Level Duplex with Private Outdoor
1613 N PHILIP Street Philadelphia, PA 19122
For Sale
Under Contract
$450,000
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,620 SF
Lot Size0.02 Acres
Price / SF$277.78
Days on Market51
Property Features for 1613 N PHILIP Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Dining Room, Basement
- Parking features
- On Street
- Interior features
- Bathroom - Tub Shower, Combination Dining/Living, Combination Kitchen/Dining
- Appliances
- Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Washer
- Standard status
- Active Under Contract
- Size
- 1,620 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4193
Utilities
- Heating system
- Baseboard, Electric (Heating)
- Cooling system
- Ductless
Building Details
- Year built
- 1915
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing Agency:
Kurfiss Sotheby's International Realty
(215) 735-2225
Listed By:
Juliana Martell · License #AB069391
(856) 366-0224
Added: Jun 4
Changed: Jul 13
Last Checked: Jul 24 at 10:06PM
MLS# PAPH2630318
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 legally zoned duplex offers two bi-level residences with in-unit laundry and central air. Unit 1 is a one-bedroom, one-bath layout that includes a renovated kitchen with a dishwasher, laminate flooring, in-unit washer and dryer, and basement access. Unit 1 also features a large private patio and is currently vacant, creating an owner-occupant option or flexibility for an investor. Unit 2 is a bi-level two-bedroom, one-and-a-half-bath unit with a full kitchen, laminate flooring, central air, in-unit washer and dryer, and a private deck. Unit 2 is currently leased through June 29, 2027.
Located in Philadelphia’s Olde Kensington area at 1613 N Philip Street (19122), the property provides proximity to Fishtown, Northern Liberties, and Center City. The public remarks also note nearby amenities and walkable access to local spots and Front Street/Frankford Avenue.
For a buyer seeking a live-in opportunity alongside rental support, this duplex combines a vacant unit ready to occupy with a longer-term lease in the second unit. The listing also highlights an assumable FHA loan with an approximate remaining balance of $328,000 at a 3.5% interest rate, which may be a meaningful financing consideration depending on eligibility and lender approval. The property is offered for sale at $450,000 and includes 1,620 square feet of total building area.
Located in Philadelphia’s Olde Kensington area at 1613 N Philip Street (19122), the property provides proximity to Fishtown, Northern Liberties, and Center City. The public remarks also note nearby amenities and walkable access to local spots and Front Street/Frankford Avenue.
For a buyer seeking a live-in opportunity alongside rental support, this duplex combines a vacant unit ready to occupy with a longer-term lease in the second unit. The listing also highlights an assumable FHA loan with an approximate remaining balance of $328,000 at a 3.5% interest rate, which may be a meaningful financing consideration depending on eligibility and lender approval. The property is offered for sale at $450,000 and includes 1,620 square feet of total building area.
Key Highlights
- Legally zoned duplex built in 1915 in Olde Kensington.
- Unit 1: bi‑level 1‑bedroom, 1‑bath with renovated kitchen, dishwasher, and in‑unit washer/dryer.
- Unit 1 currently vacant, with basement access and a large private patio.
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 | $41.8k | $25.80 |
| − Vacancy | −$2.3k | −$1.42 |
| EGI | $39.5k | $24.38 |
| − OpEx | −$11.8k | −$7.31 |
| NOI | $27.6k | $17.06 |
1,620 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$394.9K
$345.6K – $460.8K
NOI $27,645 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$364.0K
$318.5K – $424.7K
NOI $25,482 @ 7.0% cap · market cap 5.66%
Theoretical Best
—
—
same as Best Use
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 - Legally zoned duplex with one vacant unit for owner-occupancy and one leased unit through 2027.
Where is this duplex located?
The property is located at 1613 N PHILIP Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Legally zoned duplex built in 1915 in Olde Kensington.; Unit 1: bi‑level 1‑bedroom, 1‑bath with renovated kitchen, dishwasher, and in‑unit washer/dryer.; Unit 1 currently vacant, with basement access and a large private patio.
