Move-In-Ready Duplex with Two
1617 Point Breeze Avenue Philadelphia, PA 19145
1617 Point Breeze Avenue, Philadelphia, PA, 19145
$395,000
For Sale
$395,000
Two-story duplex with two one-bedroom, one-bath units generating monthly rental income.
Property Size1,250 SF
Price / SF$316
Days on Market107
Property Features for 1617 Point Breeze Avenue
General Information
- Standard status
- Active
- Size
- 1,250 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing agency
Keller Williams Main Line
(215) 617-6142
Listed by
Sam A Akif · License #RS331003
(215) 617-6142
Source
Compass
Added: Apr 8 Updated: Jul 21 at 5:04PM Checked: Jul 22 at 8:53AM
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.
Move-in-ready duplex featuring two spacious residential units within a two-story layout. Each unit includes one comfortable bedroom and a modern full bathroom, with recently renovated finishes throughout. The property is described as maintained in above-average condition and provides a total of 1,250 square feet of living space.
The duplex is situated directly on Point Breeze Avenue in Philadelphia, with nearby access to daily essentials such as local grocers, pharmacies, and the South Philadelphia Shopping Center. Commuting is supported by easy access to the Broad Street Line and multiple bus routes, with Center City reachable in minutes. The area is also noted for popular coffee shops, parks, and Dock Street Brewery South.
Current reported rental income is $1,400 per month from the first-floor unit and $1,200 per month from the second-floor unit.
The duplex is situated directly on Point Breeze Avenue in Philadelphia, with nearby access to daily essentials such as local grocers, pharmacies, and the South Philadelphia Shopping Center. Commuting is supported by easy access to the Broad Street Line and multiple bus routes, with Center City reachable in minutes. The area is also noted for popular coffee shops, parks, and Dock Street Brewery South.
Current reported rental income is $1,400 per month from the first-floor unit and $1,200 per month from the second-floor unit.
Key Highlights
- Two‑story duplex with 2 units: each has 1 bedroom and 1 modern full bathroom
- Rental income in place: $1,400/month (1st floor) and $1,200/month (2nd floor)
- 1,250 sq ft total living space with clean finishes throughout
Local 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 | $32.3k | $25.80 |
| − Vacancy | −$1.8k | −$1.42 |
| EGI | $30.5k | $24.38 |
| − OpEx | −$9.1k | −$7.31 |
| NOI | $21.3k | $17.06 |
1,250 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$304.7K
$266.6K – $355.5K
NOI $21,331 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$280.9K
$245.8K – $327.7K
NOI $19,662 @ 7.0% cap · market cap 4.98%
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
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FAQs
What type of property is this?
Duplex - Two-story duplex with two one-bedroom, one-bath units generating monthly rental income.
Where is this duplex located?
The property is located at 1617 Point Breeze Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two‑story duplex with 2 units: each has 1 bedroom and 1 modern full bathroom; Rental income in place: $1,400/month (1st floor) and $1,200/month (2nd floor); 1,250 sq ft total living space with clean finishes throughout
