Renovated Duplex with Private
For Sale
$299,500
2242 E ALLEGHENY AVENUE, Philadelphia, PA 19134
Vacant two-unit property with separate entrances, updated kitchens, and private outdoor areas.
Property Size1,200 SF
Days on Market54
Property Features for 2242 E ALLEGHENY AVENUE
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Duplex
Site & Location
Neighborhood
Glenwood
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,657
Amenities
private laundry
private backyard
gated front patio
Building Details
Building Size
1,200 SF
Year Built
1925
Buildings
1
Listing Agency:
Keller Williams Main Line
Listed By:
Lucas O Pfaff · License #RS315622
(215) 622-7753
Source:
Lizclarkrealestate
Added: Sep 9
Changed: Oct 31
Last Checked: Oct 30 at 11:21PM
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 Keller Williams Main Line
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Investment Insights
Based on property information with market context.
Built in 1925, this fully renovated duplex offers two independent residences with separate entrances and dedicated laundry areas. The first-floor unit includes central A/C, a redesigned kitchen with granite countertops, under-cabinet lighting, recessed LED lighting, new flooring, a private washer and dryer, and a small backyard. The second-floor unit features granite countertops, soft-close cabinetry, under-cabinet lighting, fresh paint, a large living room, window A/C units, and in-unit laundry. Both residences share a gated front patio.
The property also includes a partially accessible basement, with 2/3 secured for owner storage and utility access. New siding and a recently maintained roof add to the updated physical package. Located at 2242 E Allegheny Avenue in Philadelphia, the duplex is west of Allegheny and Aramingo Avenues, with Campbell Square and public transportation access within the surrounding area. The building is vacant for immediate occupancy or leasing.
The property also includes a partially accessible basement, with 2/3 secured for owner storage and utility access. New siding and a recently maintained roof add to the updated physical package. Located at 2242 E Allegheny Avenue in Philadelphia, the duplex is west of Allegheny and Aramingo Avenues, with Campbell Square and public transportation access within the surrounding area. The building is vacant for immediate occupancy or leasing.
Key Highlights
- Two‑unit duplex built in 1925 with separate entrances
- Private laundry provided for each unit
- First‑floor residence has central A/C and a small private backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,478
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,560
$409.6K
Cap Rate 7%
$292,543
$292.5K
Cap Rate 9%
$227,533
$227.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$31.0K $25.80/SF
− Vacancy
−$1.7K −$1.42/SF
EGI
$29.3K $24.38/SF
− OpEx
−$8.8K −$7.31/SF
NOI
$20.5K $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%
$409,560
Cap Rate 7%
$292,543
Cap Rate 9%
$227,533
Alternative Uses
Best Use
Multifamily LT 5
$292.5K
$256.0K – $341.3K
NOI $20,478 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$269.6K
$235.9K – $314.6K
NOI $18,875 @ 7.0% cap · market cap 6.30%
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
1,388
Businesses Nearby
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Business Placement
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
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 - Vacant two-unit property with separate entrances, updated kitchens, and private outdoor areas.
Where is this duplex located?
The property is located at 2242 E ALLEGHENY AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,500.
What are key features of this property?
This property features: Two‑unit duplex built in 1925 with separate entrances; Private laundry provided for each unit; First‑floor residence has central A/C and a small private backyard
