Duplex in North
New
For Sale
$419,900
2214 N 16TH STREET, Philadelphia, PA 19132
The 1915 building offers 2,193 square feet and an unfinished basement.
Property Size2,193 SF
Price / SF$191.47
Days on Market7
Property Features for 2214 N 16TH STREET
General Information
Standard status
Active
Size
2,193 SF
Property subtype
Duplex
Building Details
Year Built
1915
Listing Agency:
Exceed Realty
Listed By:
Robert E Sulecki · License #RM423424
(215) 355-5353
Source:
Cummingsrealtors
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 20 at 9:58PM
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 Exceed Realty
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Investment Insights
Based on property information with market context.
This duplex is an interior row townhouse built in 1915, with 2,193 square feet across a straight-through layout. An unfinished basement adds additional space. The property is located in North Philadelphia, at 2214 N 16th Street, Philadelphia, PA 19132.
On-street parking is available, and the property has no association fees.
On-street parking is available, and the property has no association fees.
Key Highlights
- 2,193‑square‑foot duplex
- Built in 1915
- Unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,423
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,460
$748.5K
Cap Rate 7%
$534,614
$534.6K
Cap Rate 9%
$415,811
$415.8K
Market Conditions
NOI Build-Up for 2,193 SF
Gross rent
$56.6K $25.80/SF
− Vacancy
−$3.1K −$1.42/SF
EGI
$53.5K $24.38/SF
− OpEx
−$16.0K −$7.31/SF
NOI
$37.4K $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%
$748,460
Cap Rate 7%
$534,614
Cap Rate 9%
$415,811
Alternative Uses
Best Use
Multifamily LT 5
$534.6K
$467.8K – $623.7K
NOI $37,423 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$492.8K
$431.2K – $574.9K
NOI $34,495 @ 7.0% cap · market cap 8.22%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,059
Businesses Nearby
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Business Placement
Demographics for 19132, PA
33,926
Population
17,402
Households
1.9
Avg Household Size
37
Median Age
13%
College-Educated
83%
High-School Grad
2.2 sq mi
ZIP Area
15,421
Density / Sq Mi
$30,974
Median Household Income
$30,300
Median Earnings
$1,055
Median Rent
$73,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The 1915 building offers 2,193 square feet and an unfinished basement.
Where is this duplex located?
The property is located at 2214 N 16TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: 2,193‑square‑foot duplex; Built in 1915; Unfinished basement
