Renovated Duplex in Point
1617 POINT BREEZE Avenue Philadelphia, PA 19145
1617 POINT BREEZE Avenue, Philadelphia, PA, 19145
$385,000
For Sale
$385,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,250 SF
Lot Size0.02 Acres
Price / SF$308
Days on Market104
Property Features for 1617 POINT BREEZE Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,250 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3870
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Masonry
Listing Agency
Keller Williams Main Line
(610) 520-0100
6 Coulter Avenue unit: 2, Ardmore, PA
Listed by
Sam A Akif · License #RS331003
(215) 617-6142
Added: Apr 9 Updated: Jun 9 at 11:59 am Checked: Jul 21 at 5:06 am
MLS# PAPH2605784
Listing URL
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 move-in-ready, two-story duplex is located in the Point Breeze neighborhood. The property features two spacious units, each with one bedroom and a full bathroom. The building has been recently renovated and maintained. The property generates rental income, with the first floor bringing in $1,400 and the second floor bringing in $1,200 monthly. The property includes 1,250 square feet of living space with clean finishes. Situated on Point Breeze Avenue, the property is near local grocers, pharmacies, and the South Philadelphia Shopping Center. Transportation is facilitated by access to the Broad Street Line and multiple bus routes, providing access to Center City. The property is part of a community with coffee shops, parks, and Dock Street Brewery South. The lot size is 0.0204 acres.
Key Highlights
- Strong rental income: $1,400 (1st floor) + $1,200 (2nd floor) monthly.
- Prime location in the rapidly growing Point Breeze neighborhood.
- Move‑in ready duplex, recently renovated and in above‑average condition.
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 5.54%
Second Best
Apartment 5plus
$280.9K
$245.8K – $327.7K
NOI $19,662 @ 7.0% cap · market cap 5.11%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Move-in ready duplex in a rapidly growing Philadelphia neighborhood.
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 $385,000.
What are key features of this property?
This property features: Strong rental income: $1,400 (1st floor) + $1,200 (2nd floor) monthly.; Prime location in the rapidly growing Point Breeze neighborhood.; Move‑in ready duplex, recently renovated and in above‑average condition.
