Income-Generating Duplex
2224 GLENVIEW STREET Philadelphia, PA 19149
For Sale
$395,000
Turnkey duplex with two 2-bedroom, 1-bath units, each described as move-in ready for immediate rental income.
Property Size1,680 SF
Price / SF$235.12
Days on Market11
Property Features for 2224 GLENVIEW STREET
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Duplex
Building Details
Year Built
1950
Listing Agency:
Canaan Realty Services INC
(215) 869-8636
Listed By:
Joey S. Fang
(215) 869-8636
Source:
Cummingsrealtors
Added: Jul 17
Changed: Jul 25
Last Checked: Jul 27 at 5:34AM
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 Canaan Realty Services INC
Investment Insights
Based on property information with market context.
This income-producing duplex features two spacious 2-bedroom, 1-bath units. The public remarks indicate both apartments are move-in ready, allowing an owner to begin rental income immediately.
The property is located near schools, shopping, dining, public transportation, and major highways. The combination of two separate units and convenient access makes the duplex suitable for either investment ownership or owner-occupancy with rental support.
As presented, the asset offers a straightforward duplex configuration with matching unit types across both residences, which can simplify day-to-day management compared with a mixed-use layout.
The property is located near schools, shopping, dining, public transportation, and major highways. The combination of two separate units and convenient access makes the duplex suitable for either investment ownership or owner-occupancy with rental support.
As presented, the asset offers a straightforward duplex configuration with matching unit types across both residences, which can simplify day-to-day management compared with a mixed-use layout.
Key Highlights
- Income‑producing duplex built in 1950 with two separate units
- Two 2‑bedroom, 1‑bath units—ideal for renting both or living in one unit and renting the other
- Both apartments are described as move‑in ready for immediate rental income
Financial Insights For Multifamily LT 5
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 | $35.3k | $21.00 |
| − Vacancy | −$1.1k | −$0.66 |
| EGI | $34.2k | $20.34 |
| − OpEx | −$10.3k | −$6.10 |
| NOI | $23.9k | $14.24 |
1,680 SF · lease $21.00/SF/yr · vacancy 3.13% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$3.22M
$2.81M – $3.75M
NOI $225,164 @ 7.0% cap · market cap 57.00%
Second Best
Multifamily LT 5
$341.8K
$299.0K – $398.7K
NOI $23,923 @ 7.0% cap · market cap 6.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Turnkey duplex with two 2-bedroom, 1-bath units, each described as move-in ready for immediate rental income.
Where is this duplex located?
The property is located at 2224 GLENVIEW STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Income‑producing duplex built in 1950 with two separate units; Two 2‑bedroom, 1‑bath units—ideal for renting both or living in one unit and renting the other; Both apartments are described as move‑in ready for immediate rental income
