Modern 2022 Duplex with Outdoor
2138 North Franklin Street Philadelphia, PA 19122
For Sale
$575,000
A 2022-built duplex with two 3-bedroom units, offering a private roof deck and a private rear patio.
Property Size3,200 SF
Price / SF$179.69
Days on Market189
Property Features for 2138 North Franklin Street
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2022
Listing Agency:
Skale Real Estate
(610) 468-7733
Listed By:
Cameron Crossley · License #RM425434
(610) 468-7733
Source:
Compass
Added: Jan 16
Changed: Jul 20
Last Checked: Jul 23 at 10:38AM
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 Skale Real Estate
Investment Insights
Based on property information with market context.
Built in 2022, this duplex includes two spacious 3-bedroom units designed with modern finishes. Each unit features LVP flooring, quartz countertops, and upgraded stainless steel appliances. The upper unit offers exclusive access to a private roof deck with 360-degree city views, while the lower unit includes a private rear patio for outdoor space.
The property is located near Temple University’s campus and major transit corridors, with the remarks noting proximity to Philadelphia’s Fishtown area. This setup can support a range of residential income strategies where buyers value newer construction and functional outdoor amenities.
The building is configured as a two-unit duplex, with updated interior finishes across both units and separate outdoor areas for each level.
The property is located near Temple University’s campus and major transit corridors, with the remarks noting proximity to Philadelphia’s Fishtown area. This setup can support a range of residential income strategies where buyers value newer construction and functional outdoor amenities.
The building is configured as a two-unit duplex, with updated interior finishes across both units and separate outdoor areas for each level.
Key Highlights
- 2022‑built duplex with two 3‑bedroom units
- Upper unit includes exclusive access to a private roof deck with 360‑degree city views
- Lower unit includes a private rear patio
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.2k | $30.36 |
| − Vacancy | −$5.6k | −$1.76 |
| EGI | $91.5k | $28.60 |
| − OpEx | −$41.2k | −$12.87 |
| NOI | $50.3k | $15.73 |
3,200 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$780.1K
$682.6K – $910.1K
NOI $54,608 @ 7.0% cap · market cap 9.50%
Second Best
Apartment 5plus
$719.1K
$629.2K – $838.9K
NOI $50,334 @ 7.0% cap · market cap 8.75%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - A 2022-built duplex with two 3-bedroom units, offering a private roof deck and a private rear patio.
Where is this duplex located?
The property is located at 2138 North Franklin Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2022‑built duplex with two 3‑bedroom units; Upper unit includes exclusive access to a private roof deck with 360‑degree city views; Lower unit includes a private rear patio
