Duplex with Separate
For Sale
$490,000
1711 LONEY STREET, Philadelphia, PA 19111
Two residential floors offer spacious living areas, kitchens, bedrooms, bathrooms, and dedicated utility access.
Property Size2,338 SF
Price / SF$209.58
Days on Market65
Property Features for 1711 LONEY STREET
General Information
Standard status
Active
Size
2,338 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
washer/dryer
central air conditioning
Building Details
Year Built
1961
Buildings
1
Stories
2
Listing Agency:
Re/Max One Realty
(215) 953-8800
Listed By:
Meg Waldowski · License #RS149503A
(215) 275-6940
Source:
Cummingsrealtors
Added: Aug 19
Changed: Oct 21
Last Checked: Oct 20 at 10:49PM
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 Re/Max One Realty
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Investment Insights
Based on property information with market context.
Built in 1961, this duplex provides two separate residential levels with distinct heating, central air conditioning, and electrical systems. The first floor includes an oversized living and dining area, a kitchen with overhead and base cabinetry, two bedrooms, a three-piece ceramic tile bathroom, and a utility room with washer and dryer access. The second floor adds three bedrooms, a living room, dining area, cook’s kitchen, and ample closet storage.
The property includes some newer windows and doors, newer wall-to-wall carpeting, and appliances. Rear access leads to off-street parking for one to two cars, with additional on-street parking available. The address is near shopping and transportation in Philadelphia’s Rhawnhurst area, with direct access toward Center City Philadelphia.
The property includes some newer windows and doors, newer wall-to-wall carpeting, and appliances. Rear access leads to off-street parking for one to two cars, with additional on-street parking available. The address is near shopping and transportation in Philadelphia’s Rhawnhurst area, with direct access toward Center City Philadelphia.
Key Highlights
- Duplex with 2 separate heating, central air conditioning, and electrical systems
- First floor includes 2 bedrooms, a three‑piece ceramic tile bathroom, and washer and dryer access
- Second floor offers 3 bedrooms, a living room, dining area, kitchen, and ample closet space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,390
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,800
$627.8K
Cap Rate 7%
$448,429
$448.4K
Cap Rate 9%
$348,778
$348.8K
Market Conditions
NOI Build-Up for 2,338 SF
Gross rent
$46.3K $19.80/SF
− Vacancy
−$1.4K −$0.62/SF
EGI
$44.8K $19.18/SF
− OpEx
−$13.5K −$5.75/SF
NOI
$31.4K $13.43/SF
Area
ZIP 19111
Vacancy
3.13%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,800
Cap Rate 7%
$448,429
Cap Rate 9%
$348,778
Alternative Uses
Best Use
Multifamily LT 5
$448.4K
$392.4K – $523.2K
NOI $31,390 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$413.5K
$361.9K – $482.5K
NOI $28,948 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$708.9K
$620.3K – $827.0K
NOI $49,620 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,127
Businesses Nearby
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Business Placement
Demographics for 19111, PA
67,017
Population
27,518
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
13,962
Density / Sq Mi
$60,441
Median Household Income
$39,065
Median Earnings
$1,221
Median Rent
$244,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential floors offer spacious living areas, kitchens, bedrooms, bathrooms, and dedicated utility access.
Where is this duplex located?
The property is located at 1711 LONEY STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Duplex with 2 separate heating, central air conditioning, and electrical systems; First floor includes 2 bedrooms, a three‑piece ceramic tile bathroom, and washer and dryer access; Second floor offers 3 bedrooms, a living room, dining area, kitchen, and ample closet space
