Duplex with Private
New
For Sale
$229,000
1615 DYRE Street, Philadelphia, PA 19124
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,564 SF
Lot Size0.04 Acres
Price / SF$146.42
Days on Market5
Property Features for 1615 DYRE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Subdivision
FRANKFORD
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,564 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
2761
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1945
Number of units
2
Building materials
Masonry
Listing Agency:
HomeSmart Realty Advisors
(215) 604-1191
Listed By:
Deborah E Nye · License #RS313203
(610) 202-1141
Added: Jul 26
Changed: Jul 30
Last Checked: Jul 30 at 8:06PM
MLS# PAPH2651808
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 Frankford duplex offers two residential units in a masonry structure. The first-floor unit has been updated with fresh paint and new flooring, along with mechanical improvements and cosmetic upgrades. Interior features include a restored original tile fireplace and a brand-new kitchen, plus the flexibility to create an efficiency or in-law space with its own private entrance.
The second-floor unit has three bedrooms and is currently configured for co-living, with the flexibility to be rented as a traditional apartment. Additional layout information includes a basement. Heating is provided via hot water, and parking is available on-street.
Set on a 0.0434-acre lot with 1,564 square feet of property size, the building was constructed in 1945. The property is described as being just steps from Frankford Avenue, providing convenient access to public transportation, shopping, restaurants, and everyday needs. A 24-hour notice is required for showings, accompanied by the listing agent.
The second-floor unit has three bedrooms and is currently configured for co-living, with the flexibility to be rented as a traditional apartment. Additional layout information includes a basement. Heating is provided via hot water, and parking is available on-street.
Set on a 0.0434-acre lot with 1,564 square feet of property size, the building was constructed in 1945. The property is described as being just steps from Frankford Avenue, providing convenient access to public transportation, shopping, restaurants, and everyday needs. A 24-hour notice is required for showings, accompanied by the listing agent.
Key Highlights
- 0.0434‑acre lot with 1,564 SF duplex property
- Built in 1945 masonry construction
- Hot water heating system
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
Property Profile
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Frankford duplex with two updated units, including a first-floor private entrance for flexible living or rental use.
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: 0.0434‑acre lot with 1,564 SF duplex property; Built in 1945 masonry construction; Hot water heating system
