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    Twin Duplex with Rear Parking Title is generated by Realmo AI

    1914 Solly Avenue, Philadelphia, PA 19152

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    New
    For Sale
    $449,999

    Two 2-bedroom units plus finished lower-level space, with rear off-street parking and individually paid utilities.

    Type:Multi-Family / Fee Simple
    Property size:
    1,680 SF
    Price / SF:
    $267/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 4 at 7:17 am

    Property Features for 1914 Solly Avenue

    General Information

    Standard status
    Active
    Size
    1,680 SF
    Property subtype
    Multi-Family / Fee Simple

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Phillyn Noeun

    Listing agent Phillyn Noeun License #RS357549

    Listing office Canaan Realty Investment Group

    Listing date Jun 3, 2026

    Source Compass

    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 Canaan Realty Investment Group

    HighLights

    • Twin duplex built in 1960 with two 2‑bedroom, 1‑bath units (Units 1 and 2 have similar layouts)
    • Finished lower‑level basement adds extra living space with 2 bedrooms and a full bath
    • Unit 2 is currently occupied; Unit 1 is vacant and ready for a new tenant or owner‑occupant
    • Tenants pay their own utilities; water is shared between Units 1 and 2
    • Rear off‑street parking available
    • Located in Philadelphia’s Rhawnhurst section (19152), within Philadelphia City School District

    Overview

    This twin duplex includes two similar units, each offering two bedrooms and one bathroom with a spacious living room and kitchen. The finished lower level basement provides additional living space with two bedrooms and a full bathroom. Unit 2 is currently occupied, while Unit 1 is vacant and ready for a new tenant or owner-occupant. Tenants pay their own utilities, with water shared between Units 1 and 2. Rear off-street parking is available, and there are cameras on the property.

    Located in the Rhawnhurst section of Northeast Philadelphia, the property sits in the 19152 ZIP code and is described as being just minutes from many stores. Unit 1 is available for showings, while Unit 2 requires advance notice. Per listing instructions, an agent must accompany buyers during showings.

    For buyers seeking a straightforward duplex structure, the property offers two unit layouts and additional finished lower-level space that can support flexible occupancy planning. The combination of one vacant unit and one occupied unit may also appeal to owner-occupants or investors looking to bring Unit 1 to market while maintaining established rental income from Unit 2.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $43.3k $25.80
    − Vacancy −$2.4k −$1.42
    EGI $41.0k $24.38
    − OpEx −$12.3k −$7.31
    NOI $28.7k $17.06
    1,680 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $409.6K
    $358.4K – $477.8K (±1% cap)
    NOI $28,669 @ 7.0% cap · market cap 6.37%
    Second Best
    Apartment 5plus
    $377.5K
    $330.3K – $440.4K (±1% cap)
    NOI $26,426 @ 7.0% cap · market cap 5.87%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.0548422
    Latitude
    40.0645265

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    FAQs

    What type of property is this?
    Duplex - Two 2-bedroom units plus finished lower-level space, with rear off-street parking and individually paid utilities.
    Where is this duplex located?
    The property is located at 1914 Solly Avenue Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $449,999.
    What are key features of this property?
    This property features: Twin duplex built in 1960 with two 2‑bedroom, 1‑bath units (Units 1 and 2 have similar layouts); Finished lower‑level basement adds extra living space with 2 bedrooms and a full bath; Unit 2 is currently occupied; Unit 1 is vacant and ready for a new tenant or owner‑occupant
    (267) 269-6178
    We can help!
    Listing Contact
    Phillyn Noeun
    Real Estate License ID: RS357549
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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