Renovated Duplex with Private
For Sale
$299,500
2242 E ALLEGHENY Avenue, Philadelphia, PA 19134
Multi-Family, PHILADELPHIA, PA
Property Size1,200 SF
Lot Size0.02 Acres
Price / SF$249.58
Days on Market52
Property Features for 2242 E ALLEGHENY Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Subdivision
PORT RICHMOND
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
1,200 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
1657
Utilities
Heating system
Electric (Heating), Baseboard, Other (Heating)
Cooling system
Central Air
Amenities
private laundry
central A/C
window A/C
granite countertops
private backyard
gated front patio
Building Details
Year built
1925
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Keller Williams Main Line · Keller Williams Realty
(610) 520-0100
Listed By:
Lucas O Pfaff · License #RS315622
(215) 622-7753
Added: Sep 9
Changed: Oct 23
Last Checked: Oct 30 at 8:06AM
MLS# PAPH2665448
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This masonry duplex, built in 1925, contains approximately 1,200 square feet across two separate residences. The first-floor unit includes central A/C, a refreshed kitchen with granite counters, under-cabinet lighting, recessed LED fixtures, new flooring, private laundry, and a small backyard. The second-floor unit offers a bright living room, granite counters, soft-close cabinetry, fresh paint, included window A/C units, and an in-unit washer and dryer. Each residence has its own entrance, while the gated front patio is shared. The basement includes dedicated laundry and storage areas, with 2/3 secured for owner storage and utilities.
The property is located in Philadelphia’s Port Richmond area, just west of Allegheny and Aramingo Avenues. Campbell Square is described as a 5-minute walk away, with neighborhood dining, coffee, beverage, and retail businesses nearby. The duplex is vacant, allowing for immediate occupancy or leasing, and includes on-street parking, new siding, and a recently maintained roof.
The property is located in Philadelphia’s Port Richmond area, just west of Allegheny and Aramingo Avenues. Campbell Square is described as a 5-minute walk away, with neighborhood dining, coffee, beverage, and retail businesses nearby. The duplex is vacant, allowing for immediate occupancy or leasing, and includes on-street parking, new siding, and a recently maintained roof.
Key Highlights
- Two‑unit duplex with 1,200 square feet of property size
- Vacant property with separate entrances and private laundry for both units
- Updated kitchens with granite countertops and refreshed finishes
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,351
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 updated kitchens, separate entries, outdoor space, and dedicated laundry 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 with 1,200 square feet of property size; Vacant property with separate entrances and private laundry for both units; Updated kitchens with granite countertops and refreshed finishes
