Two-Unit Duplex with Private
For Sale
$359,900
1958 Goodnaw St, Philadelphia, PA 19115
Two residential units share basement laundry access and driveway or alley parking.
Property Size2,081 SF
Price / SF$172.95
Days on Market48
Property Features for 1958 Goodnaw St
General Information
Standard status
Active
Size
2,081 SF
Property subtype
Multi-Family
Property Condition
Severity
Major Repairs Needed
Evidence
In need of full rehab
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Amenities
shared basement/laundry access
Building Details
Year Built
1960
Listing Agency:
BHHS Fox & Roach-Jenkintown
Listed By:
Malkhaz Chania
(215) 887-0400
Source:
Upgradebymichaud
Added: Sep 5
Changed: Oct 13
Last Checked: Oct 21 at 1:03AM
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 BHHS Fox & Roach-Jenkintown
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Investment Insights
Based on property information with market context.
Built in 1960, this duplex contains two separate residential units and requires a full rehabilitation. The first-floor unit includes two bedrooms, a living room, and an eat-in kitchen. The upper unit offers three bedrooms along with living and dining areas. Each residence has its own private entrance, while the property also provides shared basement and laundry access.
A private driveway and alley parking serve the property. The duplex is in Northeast Philadelphia, within walking distance of Roosevelt Boulevard and local shopping centers. Its two-unit layout, separate access, and existing parking provide a defined physical framework for renovation or continued residential use.
A private driveway and alley parking serve the property. The duplex is in Northeast Philadelphia, within walking distance of Roosevelt Boulevard and local shopping centers. Its two-unit layout, separate access, and existing parking provide a defined physical framework for renovation or continued residential use.
Key Highlights
- Two‑unit duplex built in 1960
- First‑floor unit with 2 bedrooms, living room, and eat‑in kitchen
- Upper unit with 3 bedrooms plus living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,733
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,660
$654.7K
Cap Rate 7%
$467,614
$467.6K
Cap Rate 9%
$363,700
$363.7K
Market Conditions
NOI Build-Up for 2,081 SF
Gross rent
$63.2K $30.36/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$59.5K $28.60/SF
− OpEx
−$26.8K −$12.87/SF
NOI
$32.7K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,660
Cap Rate 7%
$467,614
Cap Rate 9%
$363,700
Alternative Uses
Best Use
Multifamily LT 5
$507.3K
$443.9K – $591.9K
NOI $35,512 @ 7.0% cap · market cap 9.87%
Second Best
Apartment 5plus
$467.6K
$409.2K – $545.6K
NOI $32,733 @ 7.0% cap · market cap 9.10%
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
1,697
Businesses Nearby
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Business Placement
Demographics for 19115, PA
35,919
Population
15,071
Households
2.4
Avg Household Size
44
Median Age
37%
College-Educated
92%
High-School Grad
5.2 sq mi
ZIP Area
6,908
Density / Sq Mi
$70,388
Median Household Income
$48,949
Median Earnings
$1,230
Median Rent
$330,500
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 residential units share basement laundry access and driveway or alley parking.
Where is this duplex located?
The property is located at 1958 Goodnaw St Philadelphia, PA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1960; First‑floor unit with 2 bedrooms, living room, and eat‑in kitchen; Upper unit with 3 bedrooms plus living and dining areas
