Updated Frankford
New
For Sale
$229,000
1615 DYRE STREET, Philadelphia, PA 19124
Duplex with updated units, including fresh finishes and mechanical improvements, near Frankford Avenue.
Property Size1,564 SF
Price / SF$146.42
Days on Market7
Property Features for 1615 DYRE STREET
General Information
Standard status
Active
Size
1,564 SF
Property subtype
Duplex
Building Details
Year Built
1945
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
HomeSmart Realty Advisors
(610) 202-1141
Listed By:
Deborah E Nye · License #RS313203
(610) 202-1141
Source:
Cummingsrealtors
Added: Jul 25
Changed: Jul 29
Last Checked: Jul 31 at 5:42AM
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 HomeSmart Realty Advisors
Investment Insights
Based on property information with market context.
This duplex offers two updated units with practical flexibility for investors or owner-occupants. Both units have been refreshed with fresh paint, new flooring, and mechanical improvements, along with cosmetic upgrades designed to support immediate occupancy.
The first-floor unit features a restored original tile fireplace and a brand-new kitchen, plus a flexible layout with the potential to create a separate efficiency or in-law space with its own private entrance. The second-floor unit provides three bedrooms and is currently configured for co-living, with the option to be rented as a traditional apartment.
Built in 1945, the property is located just steps from Frankford Avenue, with convenient access to public transportation, shopping, restaurants, and everyday conveniences. The total property size is 1,564 SF.
The first-floor unit features a restored original tile fireplace and a brand-new kitchen, plus a flexible layout with the potential to create a separate efficiency or in-law space with its own private entrance. The second-floor unit provides three bedrooms and is currently configured for co-living, with the option to be rented as a traditional apartment.
Built in 1945, the property is located just steps from Frankford Avenue, with convenient access to public transportation, shopping, restaurants, and everyday conveniences. The total property size is 1,564 SF.
Key Highlights
- Duplex in updated condition with fresh paint, new flooring, and mechanical improvements
- First‑floor unit includes restored original tile fireplace and brand‑new kitchen
- First‑floor layout offers potential separate efficiency or in‑law space with private entrance
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 | $31.0k | $19.80 |
| − Vacancy | −$2.2k | −$1.39 |
| EGI | $28.8k | $18.41 |
| − OpEx | −$8.6k | −$5.52 |
| NOI | $20.2k | $12.89 |
1,564 SF · lease $19.80/SF/yr · vacancy 7.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$287.9K
$251.9K – $335.9K
NOI $20,153 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$264.9K
$231.8K – $309.1K
NOI $18,544 @ 7.0% cap · market cap 8.10%
Theoretical Best
Specialty Retail
$899.6K
$787.2K – $1.05M
NOI $62,974 @ 7.0% cap · market cap 27.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,447
Businesses Nearby
Explore this area
Business Placement
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with updated units, including fresh finishes and mechanical improvements, near Frankford Avenue.
Where is this duplex located?
The property is located at 1615 DYRE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Duplex in updated condition with fresh paint, new flooring, and mechanical improvements; First‑floor unit includes restored original tile fireplace and brand‑new kitchen; First‑floor layout offers potential separate efficiency or in‑law space with private entrance
