Two-Unit Masonry
For Sale
$369,900
1745 S 16TH Street, Philadelphia, PA 19145
Multi-Family, PHILADELPHIA, PA
Property Size1,460 SF
Lot Size0.02 Acres
Price / SF$253.36
Days on Market69
Property Features for 1745 S 16TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,460 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
5019
Utilities
Heating system
Hot Water(Heating), Forced Air
Building Details
Year built
2010
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
DJCRE Inc.
Listed By:
Frederic D Musilli · License #RM421769
(215) 271-7070
Added: Aug 15
Changed: Sep 13
Last Checked: Oct 22 at 9:06PM
MLS# PAPH2656382
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.
This legal two-unit duplex contains 1,460 square feet within a masonry building constructed in 2010. The residence includes a basement reached from the shared hallway rather than through either unit, providing distinct access for the building’s lower-level area. Both floors are currently rented, and the property has been licensed and lead dust tested.
The property is located on S 16th Street in Philadelphia’s Newbold section of South Philadelphia, within ZIP Code 19145. The lot contains 0.0231 acres. Heating is listed as both forced air and hot water, supporting the existing residential configuration.
The property is located on S 16th Street in Philadelphia’s Newbold section of South Philadelphia, within ZIP Code 19145. The lot contains 0.0231 acres. Heating is listed as both forced air and hot water, supporting the existing residential configuration.
Key Highlights
- Legal 2‑unit duplex with both floors rented
- 1,460 square feet on a 0.0231‑acre lot
- Masonry construction; built in 2010
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
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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 - Licensed duplex with occupied units and basement access from the common 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 2‑unit duplex with both floors rented; 1,460 square feet on a 0.0231‑acre lot; Masonry construction; built in 2010
