Renovated Two-Unit
New
For Sale
$375,000
1617 POINT BREEZE AVE, Philadelphia, PA 19145
Two one-bedroom residences are arranged across a two-story building on Point Breeze Avenue.
Property Size1,250 SF
Price / SF$300
Days on Market4
Property Features for 1617 POINT BREEZE AVE
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Multi-family
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,300
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Keller Williams Main Line
(610) 520-0100
Listed By:
Sam A Akif · License #RS331003
(215) 617-6142
Source:
Hostetterrealty
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 20 at 8:08PM
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
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Investment Insights
Based on property information with market context.
This two-story duplex contains two units, each configured with one bedroom and one full bathroom. The 1,250-square-foot building has been renovated and is described as being in above-average condition, with updated finishes throughout. Current monthly rents are $1,400 for the first-floor unit and $1,200 for the second-floor unit.
The property fronts Point Breeze Avenue in Philadelphia. Nearby amenities include grocers, pharmacies, and the South Philadelphia Shopping Center. Transit options include the Broad Street Line and multiple bus routes.
The property fronts Point Breeze Avenue in Philadelphia. Nearby amenities include grocers, pharmacies, and the South Philadelphia Shopping Center. Transit options include the Broad Street Line and multiple bus routes.
Key Highlights
- Two‑story duplex with 1,250 square feet
- Two one‑bedroom units, each with one full bathroom
- Renovated building in above‑average condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,331
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,620
$426.6K
Cap Rate 7%
$304,729
$304.7K
Cap Rate 9%
$237,011
$237.0K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$32.3K $25.80/SF
− Vacancy
−$1.8K −$1.42/SF
EGI
$30.5K $24.38/SF
− OpEx
−$9.1K −$7.31/SF
NOI
$21.3K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,620
Cap Rate 7%
$304,729
Cap Rate 9%
$237,011
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.
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Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,015
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences are arranged across a two-story building on Point Breeze Avenue.
Where is this duplex located?
The property is located at 1617 POINT BREEZE AVE 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 with 1,250 square feet; Two one‑bedroom units, each with one full bathroom; Renovated building in above‑average condition
