Two-Unit
For Sale
Under Contract
$450,000
2116 N 17TH Street, Philadelphia, PA 19121
Multi-Family, PHILADELPHIA, PA
Property Size2,139 SF
Lot Size0.03 Acres
Price / SF$210.38
Days on Market171
Property Features for 2116 N 17TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active Under Contract
Size
2,139 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
6194
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1915
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
JB Victor Realtors & Business Brokers
Listed By:
James Victor · License #RM420036
(215) 742-9800
Added: May 6
Changed: Oct 21
Last Checked: Oct 23 at 11:06AM
MLS# PAPH2615012
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.
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Investment Insights
Based on property information with market context.
This 2,139-square-foot duplex contains two residences. The first-floor unit has three bedrooms and one bathroom; the second- and third-floor levels form a six-bedroom, two-bathroom unit. The 1915 masonry building has forced-air heat, central air conditioning, and a basement. Parking is on the street.
The property is near Temple University. Its separate unit arrangement and bedroom configurations are suited to rental as two residences; the listing also identifies student housing as a potential use.
The property is near Temple University. Its separate unit arrangement and bedroom configurations are suited to rental as two residences; the listing also identifies student housing as a potential use.
Key Highlights
- Two units: a 3‑bedroom, 1‑bath first‑floor residence and a 6‑bedroom, 2‑bath upper unit
- 2,139 square feet
- Built in 1915 with masonry construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,502
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,040
$730.0K
Cap Rate 7%
$521,457
$521.5K
Cap Rate 9%
$405,578
$405.6K
Market Conditions
NOI Build-Up for 2,139 SF
Gross rent
$55.2K $25.80/SF
− Vacancy
−$3.0K −$1.42/SF
EGI
$52.1K $24.38/SF
− OpEx
−$15.6K −$7.31/SF
NOI
$36.5K $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%
$730,040
Cap Rate 7%
$521,457
Cap Rate 9%
$405,578
Alternative Uses
Best Use
Multifamily LT 5
$521.5K
$456.3K – $608.4K
NOI $36,502 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$480.6K
$420.6K – $560.8K
NOI $33,645 @ 7.0% cap · market cap 7.48%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences are configured as a three-bedroom first-floor unit and a six-bedroom upper-level unit.
Where is this duplex located?
The property is located at 2116 N 17TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two units: a 3‑bedroom, 1‑bath first‑floor residence and a 6‑bedroom, 2‑bath upper unit; 2,139 square feet; Built in 1915 with masonry construction
