Philadelphia Duplex Near Temple
For Sale
$800,000
2024 N CARLISLE Street, Philadelphia, PA 19121
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,157 SF
Lot Size0.02 Acres
Price / SF$370.89
Days on Market143
Property Features for 2024 N CARLISLE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Interior features
Window Treatments
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,157 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
5792
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1915
Number of units
2
Building materials
Masonry
Listing Agency:
Keller Williams Main Line · Keller Williams Realty
(610) 520-0100
Listed By:
Carson Merine · License #RS330645
(717) 321-3641
Added: Mar 11
Changed: Jun 9
Last Checked: Jul 31 at 2:06AM
MLS# PAPH2585416
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located blocks from Temple University's main campus at 2024 N Carlisle Street, Philadelphia, this well-maintained duplex offers an exceptional opportunity for investors. The property features two spacious bi-level units, each with four bedrooms and two full bathrooms. Each unit has an open and functional layout complete with central air, stainless steel appliances, and an in-unit stackable washer and dryer. The generous living space is designed for both comfort and convenience. The thoughtfully designed floor plans provide ample room for each resident while maintaining an inviting shared living environment. The property is situated in one of the area's most desirable off-campus housing locations, offering strong rental demand and reliable income potential. The 0.0235-acre lot houses a 2,157-square-foot building. The location provides easy access to public transportation, restaurants, fitness facilities, and neighborhood amenities, making it an ideal location for tenants seeking convenience and accessibility.
Key Highlights
- Prime Location: Just blocks from Temple University's main campus.
- Strong Rental Income Potential: Well‑maintained duplex with consistent demand.
- Spacious Bi‑Level Units: Each unit features four bedrooms and two full bathrooms.
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 | $55.7k | $25.80 |
| − Vacancy | −$3.1k | −$1.42 |
| EGI | $52.6k | $24.38 |
| − OpEx | −$15.8k | −$7.31 |
| NOI | $36.8k | $17.06 |
2,157 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$525.8K
$460.1K – $613.5K
NOI $36,809 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$484.7K
$424.1K – $565.5K
NOI $33,929 @ 7.0% cap · market cap 4.24%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,163
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex near Temple University, ideal for investors.
Where is this duplex located?
The property is located at 2024 N CARLISLE Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Prime Location: Just blocks from Temple University's main campus.; Strong Rental Income Potential: Well‑maintained duplex with consistent demand.; Spacious Bi‑Level Units: Each unit features four bedrooms and two full bathrooms.
