Legal Two-Unit
For Sale
$369,900
1745 S 16TH STREET, Philadelphia, PA 19145
Two leased residential units with shared basement access from the hallway.
Property Size1,460 SF
Price / SF$253.36
Days on Market63
Property Features for 1745 S 16TH STREET
General Information
Standard status
Active
Size
1,460 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
2010
Listing Agency:
DJCRE Inc.
Listed By:
Frederic D Musilli · License #RM421769
(215) 271-7070
Source:
Cummingsrealtors
Added: Aug 9
Changed: Oct 10
Last Checked: Oct 9 at 9:52PM
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 DJCRE Inc.
Investment Insights
Based on property information with market context.
This legal duplex contains two residential units across 1,460 square feet. Built in 2010, the property has both floors rented and provides basement access from the common hallway rather than through either unit.
The building is located at 1745 S 16th Street in Philadelphia’s South Philadelphia area. Licensing is in place, and lead dust testing has been completed.
The building is located at 1745 S 16th Street in Philadelphia’s South Philadelphia area. Licensing is in place, and lead dust testing has been completed.
Key Highlights
- Legal two‑unit residential property
- 1,460 square feet built in 2010
- Both floors are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,915
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,300
$498.3K
Cap Rate 7%
$355,929
$355.9K
Cap Rate 9%
$276,833
$276.8K
Market Conditions
NOI Build-Up for 1,460 SF
Gross rent
$37.7K $25.80/SF
− Vacancy
−$2.1K −$1.42/SF
EGI
$35.6K $24.38/SF
− OpEx
−$10.7K −$7.31/SF
NOI
$24.9K $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%
$498,300
Cap Rate 7%
$355,929
Cap Rate 9%
$276,833
Alternative Uses
Best Use
Multifamily LT 5
$355.9K
$311.4K – $415.3K
NOI $24,915 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$328.1K
$287.1K – $382.8K
NOI $22,965 @ 7.0% cap · market cap 6.21%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,668
Businesses Nearby
Explore this area
Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two leased residential units with shared basement access from the hallway.
Where is this duplex located?
The property is located at 1745 S 16TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Legal two‑unit residential property; 1,460 square feet built in 2010; Both floors are currently rented
