Duplex with Attached
For Sale
$375,000
1621 ELAINE STREET, Philadelphia, PA 19150
Both residences include two bedrooms, a full bathroom, and separate utility service.
Property Size1,320 SF
Days on Market44
Property Features for 1621 ELAINE STREET
General Information
Standard status
Active
Size
1,320 SF
Property subtype
Duplex
Site & Location
Neighborhood
Northwest Philadelphia
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Amenities
garage
laundry hook-up
Building Details
Building Size
1,320 SF
Year Built
1950
Buildings
1
Listing Agency:
Premier Real Estate Inc
Listed By:
Artur Santos
(215) 732-5355
Source:
Tmft.kw
Added: Sep 15
Changed: Oct 27
Last Checked: Oct 28 at 4:37AM
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 Premier Real Estate Inc
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Investment Insights
Based on property information with market context.
Built in 1950, this duplex contains two residences, each with two bedrooms, one bathroom, a kitchen and dining area, and a living room. Interior updates include wood flooring, doors, appliances, vanities, and light fixtures. A basement provides laundry hookups for both units, and the property also has an attached garage and driveway.
The property is 1.2 miles from Arcadia University, with public transportation, restaurants, shopping, and Route 309 also noted nearby.
The property is 1.2 miles from Arcadia University, with public transportation, restaurants, shopping, and Route 309 also noted nearby.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- Separate utilities for each residence
- Basement laundry hookups serve both apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,526
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,520
$450.5K
Cap Rate 7%
$321,800
$321.8K
Cap Rate 9%
$250,289
$250.3K
Market Conditions
NOI Build-Up for 1,320 SF
Gross rent
$34.1K $25.80/SF
− Vacancy
−$1.9K −$1.42/SF
EGI
$32.2K $24.38/SF
− OpEx
−$9.7K −$7.31/SF
NOI
$22.5K $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%
$450,520
Cap Rate 7%
$321,800
Cap Rate 9%
$250,289
Alternative Uses
Best Use
Multifamily LT 5
$321.8K
$281.6K – $375.4K
NOI $22,526 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$296.6K
$259.5K – $346.1K
NOI $20,763 @ 7.0% cap · market cap 5.54%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
715
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include two bedrooms, a full bathroom, and separate utility service.
Where is this duplex located?
The property is located at 1621 ELAINE STREET 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 residences, each with 2 bedrooms and 1 bathroom; Separate utilities for each residence; Basement laundry hookups serve both apartments
