Updated Duplex Near Temple
For Sale
$540,000
2108 N 17TH Street, Philadelphia, PA 19121
MULTI_FAMILY - Contemporary - PHILADELPHIA, PA
Property Size2,567 SF
Lot Size0.03 Acres
Price / SF$210.36
Days on Market161
Property Features for 2108 N 17TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,567 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
7803
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2013
Number of units
2
Building materials
Masonry
Architectural style
Contemporary
Listing Agency:
Philly LMG, LLC
(215) 545-7007
Listed By:
Sabina Palermo · License #RS345386
(215) 821-5527
Added: Mar 6
Changed: Jul 9
Last Checked: Aug 14 at 4:06AM
MLS# PAPH2590938
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.
This updated and well-kept duplex is located in the stable student housing community of Temple University. The three-story duplex offers an opportunity for both student housing or multi-family living. Unit 1 features a bi-level layout with 5 bedrooms, 3 bathrooms, and a modern kitchen with stone countertops and stainless-steel appliances. Unit 1 also includes a backyard. Unit 2 offers the same bi-level layout with 5 bedrooms, 3 bathrooms, and a modern kitchen with stone countertops and stainless-steel appliances. Both units include a washer and dryer. The property is located in close proximity to Temple University Campus and the variety of shops and restaurants located on North Broad Street. Commuting to Center City Philadelphia is convenient from this location. The property size is 2567 square feet and the lot size is 0.028 acres. The roof was replaced in May 2025 and offers a 10 year warranty. Also the stucco was repaired at the same time and comes with an 8 year warranty.
Key Highlights
- Turnkey duplex with immediate rental income and proven rental history near Temple University.
- Each unit features a bi‑level layout with 5 bedrooms, 3 bathrooms, modern kitchens with stone countertops and stainless‑steel appliances, and in‑unit washer/dryer.
- Roof replaced in May 2025 with a 10‑year warranty; stucco repaired at the same time with an 8‑year warranty.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,806
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$876,120
$876.1K
Cap Rate 7%
$625,800
$625.8K
Cap Rate 9%
$486,733
$486.7K
Market Conditions
NOI Build-Up for 2,567 SF
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.
Gross rent
$66.2K $25.80/SF
− Vacancy
−$3.6K −$1.42/SF
EGI
$62.6K $24.38/SF
− OpEx
−$18.8K −$7.31/SF
NOI
$43.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$876,120
Cap Rate 7%
$625,800
Cap Rate 9%
$486,733
Alternative Uses
Best Use
Multifamily LT 5
$625.8K
$547.6K – $730.1K
NOI $43,806 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$576.8K
$504.7K – $673.0K
NOI $40,378 @ 7.0% cap · market cap 7.48%
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
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,049
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 - Turnkey duplex near Temple University with immediate rental income.
Where is this duplex located?
The property is located at 2108 N 17TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Turnkey duplex with immediate rental income and proven rental history near Temple University.; Each unit features a bi‑level layout with 5 bedrooms, 3 bathrooms, modern kitchens with stone countertops and stainless‑steel appliances, and in‑unit washer/dryer.; Roof replaced in May 2025 with a 10‑year warranty; stucco repaired at the same time with an 8‑year warranty.
