Renovated Semi-Detached
1614 Elaine Street Philadelphia, PA 19150
For Sale
$318,000
Pending
Semi-detached duplex renovated in 2021 with separated utilities and washer/dryer hookups in the basement for each unit.
Property Size1,320 SF
Days on Market93
Property Features for 1614 Elaine Street
General Information
- Standard status
- Pending
- Size
- 1,320 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1950
Listing Agency:
Keller Williams Main Line
(215) 917-0414
Listed By:
Anna V Skale · License #AB068267
(215) 917-0414
Source:
Compass
Added: Apr 22
Changed: Jul 21
Last Checked: Jul 23 at 10:09AM
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 Keller Williams Main Line
Investment Insights
Based on property information with market context.
This semi-detached duplex offers a two-bedroom unit upstairs and a one-bedroom unit downstairs. The interior was renovated in 2021, including kitchen and bath updates, with finishes such as luxury vinyl plank flooring in the kitchen and carpeting in the living areas and bedrooms. Additional details include an entry-level bedroom for accessibility, a bathroom with a walk-in shower, and modern ceiling fans. An unfinished basement provides storage or customization space, and utilities are separated with washer and dryer provided in the basement for each tenant.
Outside, the property includes a driveway and garage, plus a covered patio and side yard area suitable for outdoor use. The home is located in Philadelphia’s Mt. Airy section near public transportation, with a bus stop less than 1 mile away, a commuter rail station within 1 to 5 miles, and a metro/subway station within 1 to 3 miles.
Outside, the property includes a driveway and garage, plus a covered patio and side yard area suitable for outdoor use. The home is located in Philadelphia’s Mt. Airy section near public transportation, with a bus stop less than 1 mile away, a commuter rail station within 1 to 5 miles, and a metro/subway station within 1 to 3 miles.
Key Highlights
- Semi‑detached duplex (built 1950) with a 2‑bedroom unit upstairs and a 1‑bedroom unit downstairs
- Renovated in 2021 with updated kitchens and bathroom, including luxury vinyl plank flooring in the kitchen and carpet in living and bedrooms
- Kitchen includes built‑in microwave, gas oven/range, refrigerator, and granite countertops
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 | $34.1k | $25.80 |
| − Vacancy | −$1.9k | −$1.42 |
| EGI | $32.2k | $24.38 |
| − OpEx | −$9.7k | −$7.31 |
| NOI | $22.5k | $17.06 |
1,320 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$321.8K
$281.6K – $375.4K
NOI $22,526 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$296.6K
$259.5K – $346.1K
NOI $20,763 @ 7.0% cap · market cap 6.53%
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 - Semi-detached duplex renovated in 2021 with separated utilities and washer/dryer hookups in the basement for each unit.
Where is this duplex located?
The property is located at 1614 Elaine Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $318,000.
What are key features of this property?
This property features: Semi‑detached duplex (built 1950) with a 2‑bedroom unit upstairs and a 1‑bedroom unit downstairs; Renovated in 2021 with updated kitchens and bathroom, including luxury vinyl plank flooring in the kitchen and carpet in living and bedrooms; Kitchen includes built‑in microwave, gas oven/range, refrigerator, and granite countertops
