Two-Unit
New
For Sale
$549,000
2116 N FRANKLIN Street, Philadelphia, PA 19122
Multi-Family, PHILADELPHIA, PA
Property Size1,500 SF
Lot Size0.02 Acres
Price / SF$366
Days on Market1
Property Features for 2116 N FRANKLIN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,500 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
4213
Utilities
Heating system
Forced Air, Other (Heating)
Cooling system
Ductless
Amenities
in-unit washer/dryer
Building Details
Year built
1960
Floors in Building
2
Number of units
1
Building materials
Masonry
Architectural style
Other
Listing Agency:
RE/MAX Ready · RE/MAX International
(610) 828-6300
Listed By:
Daniel Shaifer
(443) 895-0824
Added: Oct 9
Last Checked: Oct 9 at 3:06PM
MLS# PAPH2679340
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 masonry duplex contains two residences across 1,500 square feet. The first-floor unit has an open living area, one bedroom, a full bathroom, and an in-unit washer and dryer. A separate bi-level residence spans the second and third floors, with a living area, kitchen, and bedroom on its main level, plus two bedrooms upstairs.
Built in 1960, the property sits on a 0.0228-acre lot. Heating includes forced air and another system; cooling is ductless. Parking is on street.
Built in 1960, the property sits on a 0.0228-acre lot. Heating includes forced air and another system; cooling is ductless. Parking is on street.
Key Highlights
- Two residences with distinct layouts, including a bi‑level unit
- 1,500 square feet of property area
- 0.0228‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,597
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,940
$511.9K
Cap Rate 7%
$365,671
$365.7K
Cap Rate 9%
$284,411
$284.4K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$38.7K $25.80/SF
− Vacancy
−$2.1K −$1.42/SF
EGI
$36.6K $24.38/SF
− OpEx
−$11.0K −$7.31/SF
NOI
$25.6K $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%
$511,940
Cap Rate 7%
$365,671
Cap Rate 9%
$284,411
Alternative Uses
Best Use
Multifamily LT 5
$365.7K
$320.0K – $426.6K
NOI $25,597 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$337.1K
$294.9K – $393.2K
NOI $23,594 @ 7.0% cap · market cap 4.30%
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
Location Intelligence
Trade Area within ½ mile
2,207
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate layouts include a one-bedroom residence and a bi-level unit with three bedrooms.
Where is this duplex located?
The property is located at 2116 N FRANKLIN Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two residences with distinct layouts, including a bi‑level unit; 1,500 square feet of property area; 0.0228‑acre lot
