Turn-Key Renovated
For Sale
$354,900
1619 ELAINE STREET, Philadelphia, PA 19150
Renovated duplex with separate electric meters, two-floor plan unit mix, and a roof replacement completed in 2023.
Property Size1,440 SF
Days on Market62
Property Features for 1619 ELAINE STREET
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Duplex
Amenities
basement storage
shared laundry area
fenced outdoor space
Building Details
Building Size
1,440 SF
Year Built
1950
Year Renovated
2022
Listing Agency:
EXP Realty, LLC
(484) 574-0855
Listed By:
Irene Hunter · License #RS363688
(484) 574-0855
Source:
Lizclarkrealestate
Added: Jun 4
Changed: Jul 30
Last Checked: Aug 4 at 8:56AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
Turn-key duplex built in 1950, fully renovated in 2022 and maintained for low-maintenance ownership. The property includes modern kitchens with granite countertops and stainless steel appliances, luxury vinyl plank flooring, updated tile bathrooms, and fresh interior paint underway. Major capital improvements include a roof replacement completed in 2023 with a transferable warranty.
Unit 1 is tenant occupied and will be delivered vacant; it features a 1-bedroom, 1-bath layout. Unit 2 is owner occupied and provides a 2-bed, 1-bath setup, offering flexibility to house-hack or lease both units. Additional conveniences include separate electric meters, basement storage, a shared laundry area, fenced outdoor space, a 2-car garage, and additional driveway parking.
Mortgage is assumable. The property is within walking distance to public transportation, shopping, and dining, with quick access to Montgomery County and Arcadia University.
Unit 1 is tenant occupied and will be delivered vacant; it features a 1-bedroom, 1-bath layout. Unit 2 is owner occupied and provides a 2-bed, 1-bath setup, offering flexibility to house-hack or lease both units. Additional conveniences include separate electric meters, basement storage, a shared laundry area, fenced outdoor space, a 2-car garage, and additional driveway parking.
Mortgage is assumable. The property is within walking distance to public transportation, shopping, and dining, with quick access to Montgomery County and Arcadia University.
Key Highlights
- Fully renovated in 2022 with modern finishes including granite countertops and stainless steel appliances
- Roof replacement completed in 2023 with a transferable warranty
- Two‑unit mix: Unit 1 is 1 bed, 1 bath; Unit 2 is 2 bed, 1 bath
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 |
1,440 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$351.0K
$307.2K – $409.6K
NOI $24,573 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$323.6K
$283.1K – $377.5K
NOI $22,651 @ 7.0% cap · market cap 6.38%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
Explore this area
Business Placement
Demographics for 19150, PA
23,126
Population
10,868
Households
2.1
Avg Household Size
47
Median Age
28%
College-Educated
91%
High-School Grad
1.5 sq mi
ZIP Area
15,417
Density / Sq Mi
$61,257
Median Household Income
$43,002
Median Earnings
$1,282
Median Rent
$225,400
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 - Renovated duplex with separate electric meters, two-floor plan unit mix, and a roof replacement completed in 2023.
Where is this duplex located?
The property is located at 1619 ELAINE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $354,900.
What are key features of this property?
This property features: Fully renovated in 2022 with modern finishes including granite countertops and stainless steel appliances; Roof replacement completed in 2023 with a transferable warranty; Two‑unit mix: Unit 1 is 1 bed, 1 bath; Unit 2 is 2 bed, 1 bath
