Renovated Duplex Near Temple
For Sale
$450,000
Pending
2116 North 17th Street, Philadelphia, PA 19121
Two units provide flexible bedroom layouts, private backyard access, and separate laundry areas for residential income use.
Property Size2,139 SF
Days on Market226
Property Features for 2116 North 17th Street
General Information
Standard status
Pending
Size
2,139 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RM1
Site & Location
Neighborhood
North Philadelphia
Public Transit
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 5-6BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,194
Amenities
private backyard
laundry room
No
Basement
Window Grills
No Pool
Building Details
Year Built
1915
Buildings
1
Listing Agency:
KW Empower
Listed By:
Dan Deckelbaum · License #RS-319781
(410) 215-2240
Source:
Compass
Added: Mar 13
Changed: Oct 12
Last Checked: Oct 23 at 9:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Empower
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Investment Insights
Based on property information with market context.
This renovated duplex at 2116 North 17th Street includes two distinct units with a combined 8–9 bedrooms and three bathrooms. The first unit has three bedrooms, one bathroom, a private backyard, and dedicated laundry space. The second unit spans two levels with five to six bedrooms, two bathrooms, and its own laundry room. Both units feature updated kitchens with stainless steel appliances, modern bathrooms, refinished floors, and matching grid windows.
Major building improvements include a new roof, front and side stucco, HVAC equipment, and ductwork. The property is zoned RM1 and was built in 1915. Its Philadelphia location is near Temple University, the Broad Street Line, coffee shops, casual dining, grocery stores, and convenience markets, with transit connections to Center City and North Philadelphia.
The configuration supports separate residential units and includes private outdoor space, multiple laundry areas, and updated interior finishes throughout.
Major building improvements include a new roof, front and side stucco, HVAC equipment, and ductwork. The property is zoned RM1 and was built in 1915. Its Philadelphia location is near Temple University, the Broad Street Line, coffee shops, casual dining, grocery stores, and convenience markets, with transit connections to Center City and North Philadelphia.
The configuration supports separate residential units and includes private outdoor space, multiple laundry areas, and updated interior finishes throughout.
Key Highlights
- Two‑unit duplex with a combined 8–9 bedrooms and three bathrooms
- Renovated kitchens, bathrooms, refinished floors, stainless steel appliances, and grid windows
- Unit 1 includes a private backyard and dedicated laundry room
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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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 units provide flexible bedroom layouts, private backyard access, and separate laundry areas for residential income use.
Where is this duplex located?
The property is located at 2116 North 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‑unit duplex with a combined 8–9 bedrooms and three bathrooms; Renovated kitchens, bathrooms, refinished floors, stainless steel appliances, and grid windows; Unit 1 includes a private backyard and dedicated laundry room
