Duplex with Separate Entrances and
For Sale
$399,900
1808 Griffith St, Philadelphia, PA 19111
Two-level home with a first-floor 2-bedroom unit, a second-floor unit with separate entrance, plus a garage.
Property Size1,440 SF
Price / SF$277.71
Days on Market95
Property Features for 1808 Griffith St
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Northeast Philadelphia
Building Details
Year Built
1950
Listing Agency:
Century 21 Advantage Gold-Castor
Listed By:
Miladin Nikic · License #RS220576L
(267) 973-7017
Source:
Upgradebymichaud
Added: Jul 29
Changed: Oct 25
Last Checked: Oct 30 at 4:50PM
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 Century 21 Advantage Gold-Castor
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Investment Insights
Based on property information with market context.
This duplex-style home can be used as a large one-family residence or as a rental property with separate living areas. The first floor features a covered porch, a spacious living room with hardwood floors, mosaic work, and stained-glass doors. A kitchen provides access to the full basement and an exit to the rear yard.
The second floor includes its own separate entrance, with a large living room, a large bedroom, an eat-in kitchen, and a full bathroom. The property is described as having character details throughout, including stained glass and additional mosaics by the owner/artist.
Additional improvements include a full basement with a utility room and a garage. The home is positioned on a wide, tree-lined street in the Rhawnhurst area of Northeast Philadelphia and is described as conveniently located near schools, public transportation, main roads, parks, and shopping.
The second floor includes its own separate entrance, with a large living room, a large bedroom, an eat-in kitchen, and a full bathroom. The property is described as having character details throughout, including stained glass and additional mosaics by the owner/artist.
Additional improvements include a full basement with a utility room and a garage. The home is positioned on a wide, tree-lined street in the Rhawnhurst area of Northeast Philadelphia and is described as conveniently located near schools, public transportation, main roads, parks, and shopping.
Key Highlights
- Property can function as a large one‑family home or as rental property with separate entrance
- First floor offers a covered porch, spacious living room, hardwood floors, and mosaic/stained glass details
- Second floor has its own separate entrance with large living room, bedroom, eat‑in kitchen, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,334
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,680
$386.7K
Cap Rate 7%
$276,200
$276.2K
Cap Rate 9%
$214,822
$214.8K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$28.5K $19.80/SF
− Vacancy
−$892 −$0.62/SF
EGI
$27.6K $19.18/SF
− OpEx
−$8.3K −$5.75/SF
NOI
$19.3K $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%
$386,680
Cap Rate 7%
$276,200
Cap Rate 9%
$214,822
Alternative Uses
Best Use
Multifamily LT 5
$276.2K
$241.7K – $322.2K
NOI $19,334 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$254.7K
$222.9K – $297.2K
NOI $17,829 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$436.6K
$382.0K – $509.4K
NOI $30,562 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,186
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-level home with a first-floor 2-bedroom unit, a second-floor unit with separate entrance, plus a garage.
Where is this duplex located?
The property is located at 1808 Griffith St Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Property can function as a large one‑family home or as rental property with separate entrance; First floor offers a covered porch, spacious living room, hardwood floors, and mosaic/stained glass details; Second floor has its own separate entrance with large living room, bedroom, eat‑in kitchen, and full bathroom
