Renovated Two-Unit
For Sale
$375,000
1617 POINT BREEZE AVENUE, Philadelphia, PA 19145
Recently renovated two-story property with two one-bedroom units, full bathrooms, and access to neighborhood retail and transit.
Property Size1,250 SF
Price / SF$300
Days on Market118
Property Features for 1617 POINT BREEZE AVENUE
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Duplex
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$31,200
Taxes and HOA fees
Annual Taxes
$3,870
Building Details
Building Size
1,250 SF
Year Built
1920
Buildings
1
Stories
2
Listing Agency:
Keller Williams Main Line
(215) 617-6142
Listed By:
Sam A Akif · License #RS331003
(215) 617-6142
Source:
Patmckennarealtors
Added: Apr 9
Changed: Aug 4
Last Checked: Aug 4 at 2:11AM
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 two-story duplex contains 1,250 square feet of living space and is configured as two separate residences. Each unit offers one bedroom and a modern full bathroom, with recent renovation work and clean interior finishes throughout. The property was built in 1920 and is described as being in above-average condition.
Positioned on Point Breeze Avenue, the duplex is near local grocers, pharmacies, and the South Philadelphia Shopping Center. Residents also have access to the Broad Street Line and multiple bus routes, with Center City reachable in minutes. Nearby neighborhood amenities include coffee shops, parks, and Dock Street Brewery South.
Positioned on Point Breeze Avenue, the duplex is near local grocers, pharmacies, and the South Philadelphia Shopping Center. Residents also have access to the Broad Street Line and multiple bus routes, with Center City reachable in minutes. Nearby neighborhood amenities include coffee shops, parks, and Dock Street Brewery South.
Key Highlights
- Two‑story duplex configured as two separate one‑bedroom units
- 1,250 square feet of living space
- Each unit includes a modern full bathroom
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 5.69%
Second Best
Apartment 5plus
$280.9K
$245.8K – $327.7K
NOI $19,662 @ 7.0% cap · market cap 5.24%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,015
Businesses Nearby
Explore this area
Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
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 - Recently renovated two-story property with two one-bedroom units, full bathrooms, and access to neighborhood retail and transit.
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 $375,000.
What are key features of this property?
This property features: Two‑story duplex configured as two separate one‑bedroom units; 1,250 square feet of living space; Each unit includes a modern full bathroom
