Two-Unit
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 Market15
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
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
4213
Utilities
Heating system
Forced Air, Other (Heating)
Cooling system
Ductless
Building Details
Year built
1960
Floors in Building
2
Number of units
1
Building materials
Masonry
Architectural style
Other
Buildings
1
Listing Agency:
RE/MAX Ready · RE/MAX International
(610) 828-6300
Listed By:
Daniel Shaifer
(443) 895-0824
Added: Oct 9
Changed: Oct 23
Last Checked: Oct 23 at 11:06PM
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.
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Investment Insights
Based on property information with market context.
This 1,500-square-foot masonry duplex, built in 1960, contains two separate residences. The ground-floor unit has one bedroom and an in-unit washer and dryer. The upper residence spans the second and third floors, with one bedroom on its main level and two more upstairs. The upper unit is currently rented.
Ductless cooling and forced-air heating are among the building’s systems. Parking is on the street. The property occupies a 0.0228-acre lot in Philadelphia, Pennsylvania.
Ductless cooling and forced-air heating are among the building’s systems. Parking is on the street. The property occupies a 0.0228-acre lot in Philadelphia, Pennsylvania.
Key Highlights
- Two‑unit duplex with 1,500 square feet of building area
- Ground‑floor residence has one bedroom and an in‑unit washer and dryer
- Upper residence spans two floors and has three bedrooms
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A three-bedroom upper residence complements a one-bedroom ground-floor unit.
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‑unit duplex with 1,500 square feet of building area; Ground‑floor residence has one bedroom and an in‑unit washer and dryer; Upper residence spans two floors and has three bedrooms
