Two-Unit Duplex with
For Sale
$260,000
1916 INGERSOLL STREET, Philadelphia, PA 19121
Two-unit residential property with a partially finished basement.
Property Size1,124 SF
Lot Size0.01 Acres
Price / SF$231.32
Days on Market71
Property Features for 1916 INGERSOLL STREET
General Information
Standard status
Active
Size
1,124 SF
Lot size
0.01 Acres
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
partially finished basement
Building Details
Year Built
1925
Listing Agency:
RealHome Services and Solutions, Inc.
(770) 933-6678
Listed By:
Sherry M Price · License #654814
(770) 612-7322
Source:
Cummingsrealtors
Added: Aug 13
Changed: Oct 21
Last Checked: Oct 20 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 RealHome Services and Solutions, Inc.
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Investment Insights
Based on property information with market context.
Constructed in 1925, this Philadelphia duplex contains two residential units with approximately 1124 finished square feet in total. The property includes two bedrooms and two full bathrooms, along with a partially finished basement that adds usable interior space.
The building occupies an approximate 476 sqft lot at 1916 Ingersoll Street in Philadelphia, Pennsylvania. Its two-unit configuration and existing basement provide the defining physical features of this residential income property.
The building occupies an approximate 476 sqft lot at 1916 Ingersoll Street in Philadelphia, Pennsylvania. Its two-unit configuration and existing basement provide the defining physical features of this residential income property.
Key Highlights
- Two‑unit duplex configuration
- Approximately 1124 finished square feet
- Two bedrooms and two full baths total
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,181
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,620
$383.6K
Cap Rate 7%
$274,014
$274.0K
Cap Rate 9%
$213,122
$213.1K
Market Conditions
NOI Build-Up for 1,124 SF
Gross rent
$29.0K $25.80/SF
− Vacancy
−$1.6K −$1.42/SF
EGI
$27.4K $24.38/SF
− OpEx
−$8.2K −$7.31/SF
NOI
$19.2K $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%
$383,620
Cap Rate 7%
$274,014
Cap Rate 9%
$213,122
Alternative Uses
Best Use
Multifamily LT 5
$274.0K
$239.8K – $319.7K
NOI $19,181 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$252.6K
$221.0K – $294.7K
NOI $17,680 @ 7.0% cap · market cap 6.80%
Theoretical Best
—
—
same as Best Use
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
2,512
Businesses Nearby
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Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
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-unit residential property with a partially finished basement.
Where is this duplex located?
The property is located at 1916 INGERSOLL STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Approximately 1124 finished square feet; Two bedrooms and two full baths total
