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Two-Unit Duplex
For Sale
$230,000

1617 N 56TH STREET, Philadelphia, PA 19131

Separate apartments occupy the first and second floors, with basement access from the lower unit.

Property Size1,752 SF
Days on Market10

Property Features for 1617 N 56TH STREET

General Information

Standard status Active
Size 1,752 SF
Property subtype Duplex

Taxes and HOA fees

Annual Taxes $2,596

Building Details

Building Size 1,752 SF
Year Built 1920
Listing Agency: Settle Down Philadelphia
Listed By: Monique Richardson · License #RS367210
Source: Patmckennarealtors
Added: Oct 1 Changed: Oct 6 Last Checked: Oct 10 at 12:32AM

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 Settle Down Philadelphia

Investment Insights

Based on property information with market context.

Built in 1920, this duplex contains two apartments on separate floors and requires updates, including work to flooring, appliances, and finishes. The first-floor unit has original hardwood flooring, ceiling fans, and access to a basement with a half bathroom and small bar area. The second-floor apartment has carpeting, ceiling fans, and a newer toilet.

The property also has a rear deck and a second-floor balcony; neither is currently stable, and both should remain off limits.

Key Highlights

  • Two separate apartments, arranged on the first and second floors
  • Built in 1920; updates are needed to flooring, appliances, and cosmetic finishes
  • First‑floor unit includes original hardwood flooring, ceiling fans, and basement access

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,261
Businesses Nearby

Demographics for 19131, PA

42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Separate apartments occupy the first and second floors, with basement access from the lower unit.
Where is this duplex located?
The property is located at 1617 N 56TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Two separate apartments, arranged on the first and second floors; Built in 1920; updates are needed to flooring, appliances, and cosmetic finishes; First‑floor unit includes original hardwood flooring, ceiling fans, and basement access
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