Fully Leased
For Sale
$545,000
1916 N 17TH STREET, Philadelphia, PA 19121
Two occupied units provide an income-producing multifamily asset near Temple University.
Property Size2,352 SF
Price / SF$231.72
Days on Market44
Property Features for 1916 N 17TH STREET
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
1 x 4BR/2BA, 1 x 6BR/3BA
Multifamily Units
2
Additional Details
Gross Income
$65,040
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,513
Building Details
Building Size
2,352 SF
Year Built
2013
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Main Line
Listed By:
Sam A Akif · License #RS331003
(215) 617-6142
Source:
Patmckennarealtors
Added: Aug 28
Changed: Oct 8
Last Checked: Oct 10 at 12:39AM
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 Keller Williams Main Line
Investment Insights
Based on property information with market context.
Built in 2013, this approximately 2,352-square-foot duplex contains two occupied residential units. Unit A has 4 bedrooms and 2 bathrooms, while Unit B includes 6 bedrooms and 3 bathrooms. Both leases extend through July 25, 2027, providing occupancy in place at closing.
The property is located at 1916 N 17th Street in Philadelphia, near Temple University. The surrounding area offers walkable access to campus, public transportation, commuter routes, dining, and shopping.
The property is located at 1916 N 17th Street in Philadelphia, near Temple University. The surrounding area offers walkable access to campus, public transportation, commuter routes, dining, and shopping.
Key Highlights
- Two‑unit duplex built in 2013
- Approximately 2,352 square feet
- Unit A: 4 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,137
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$802,740
$802.7K
Cap Rate 7%
$573,386
$573.4K
Cap Rate 9%
$445,967
$446.0K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$60.7K $25.80/SF
− Vacancy
−$3.3K −$1.42/SF
EGI
$57.3K $24.38/SF
− OpEx
−$17.2K −$7.31/SF
NOI
$40.1K $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%
$802,740
Cap Rate 7%
$573,386
Cap Rate 9%
$445,967
Alternative Uses
Best Use
Multifamily LT 5
$573.4K
$501.7K – $669.0K
NOI $40,137 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$528.5K
$462.5K – $616.6K
NOI $36,996 @ 7.0% cap · market cap 6.79%
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
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,097
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units provide an income-producing multifamily asset near Temple University.
Where is this duplex located?
The property is located at 1916 N 17TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2013; Approximately 2,352 square feet; Unit A: 4 bedrooms and 2 bathrooms
