1619 ELAINE Street, Philadelphia, PA 19150
MULTI_FAMILY - Other - PHILADELPHIA, PA
- Added:
- Jun 4, 2026
- Days on Market:
- 19
- Last Refresh:
- Jun 22 at 1:06 am
Property Features for 1619 ELAINE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 2
- Parking features
- Garage - Attached, Driveway
- Standard status
- Active
- Size
- 1,440 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5281
Utilities
- Heating system
- Forced Air, Other (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Irene Hunter License #RS363688 (484) 574-0855
Listing office EXP Realty, LLC 630 Freedom Business Ctr Drive unit: 300, Philadelphia, PA (888) 397-7352
Listing date Jun 4, 2026
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.
HighLights
- Renovated in 2022 duplex with central air and forced‑air heating
- Roof replacement completed in 2023 with transferable warranty coverage
- Unit 1: tenant‑occupied 1 bed/1 bath rented for $1,200/month with lease in place
- Separate electric meters for Unit 1 and Unit 2
- 2‑car attached garage plus driveway parking; fenced outdoor space
- Basement storage and shared laundry area
Overview
1619 Elaine Street is located within walking distance to public transportation, shopping, and dining, with quick access to Montgomery County and Arcadia University.
The current configuration supports a practical investor or owner-occupant model, combining an income-producing 1-bedroom unit with a separate 2-bedroom unit that can be lived in or prepared for future rental use. The combination of recent interior renovations and the 2023 roof replacement reduces near-term maintenance concerns while maintaining flexible occupancy options through the property’s separate electric metering and independent unit layouts.
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 | $37.2k | $25.80 |
| − Vacancy | −$2.0k | −$1.42 |
| EGI | $35.1k | $24.38 |
| − OpEx | −$10.5k | −$7.31 |
| NOI | $24.6k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1742783
- Latitude
- 40.0825234
