Leased Two-Unit
For Sale
$524,000
1705 W NORRIS Street, Philadelphia, PA 19121
Multi-Family, PHILADELPHIA, PA
Property Size2,394 SF
Lot Size0.03 Acres
Price / SF$218.88
Days on Market55
Property Features for 1705 W NORRIS Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,394 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
5456
Utilities
Cooling system
Central Air
Building Details
Year built
2015
Number of units
2
Building materials
Masonry
Listing Agency:
Keller Williams Main Line · Keller Williams Realty
(610) 520-0100
Listed By:
Sam A Akif · License #RS331003
(215) 617-6142
Added: Aug 28
Changed: Oct 16
Last Checked: Oct 21 at 10:06PM
MLS# PAPH2664834
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.
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Investment Insights
Based on property information with market context.
Built in 2015, this masonry duplex contains 2,394 square feet across two occupied residences. Each unit has four bedrooms and four bathrooms. Central air serves the building, and parking is available on the street. The property occupies a 0.0269-acre lot.
The duplex is in the Temple University area of Philadelphia, with access to public transportation and neighborhood amenities. The property may be sold as a package with 1916 N 17th St.
The duplex is in the Temple University area of Philadelphia, with access to public transportation and neighborhood amenities. The property may be sold as a package with 1916 N 17th St.
Key Highlights
- Both units are occupied
- Two units, each with 4 bedrooms and 4 bathrooms
- 2,394 square feet in a 2015‑built masonry building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,853
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,060
$817.1K
Cap Rate 7%
$583,614
$583.6K
Cap Rate 9%
$453,922
$453.9K
Market Conditions
NOI Build-Up for 2,394 SF
Gross rent
$61.8K $25.80/SF
− Vacancy
−$3.4K −$1.42/SF
EGI
$58.4K $24.38/SF
− OpEx
−$17.5K −$7.31/SF
NOI
$40.9K $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%
$817,060
Cap Rate 7%
$583,614
Cap Rate 9%
$453,922
Alternative Uses
Best Use
Multifamily LT 5
$583.6K
$510.7K – $680.9K
NOI $40,853 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$537.9K
$470.7K – $627.6K
NOI $37,656 @ 7.0% cap · market cap 7.19%
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
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,097
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
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 - Each residence has four bedrooms and four bathrooms, and both units are currently occupied.
Where is this duplex located?
The property is located at 1705 W NORRIS Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $524,000.
What are key features of this property?
This property features: Both units are occupied; Two units, each with 4 bedrooms and 4 bathrooms; 2,394 square feet in a 2015‑built masonry building
