Updated 3-Bed Duplex
2306 Strahle Street Philadelphia, PA 19152
For Sale
$499,900
Recently updated 3+2 duplex with both units featuring full bathrooms and HVAC systems installed in 2024.
Property Size2,379 SF
Price / SF$210.13
Days on Market146
Property Features for 2306 Strahle Street
General Information
- Standard status
- Active
- Size
- 2,379 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1956
Listing Agency:
Canaan Realty Investment Group
(215) 333-1826
Listed By:
Mei Chen · License #RS327671
(215) 333-1826
Source:
Compass
Added: Feb 28
Changed: Jul 23
Last Checked: Jul 23 at 5:24PM
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 Investment Group
Investment Insights
Based on property information with market context.
This recently updated 3+2 duplex offers two separate residential units. The first-floor unit includes 2 bedrooms and 1 full bathroom and is currently tenant-occupied on a month-to-month lease. The second-floor unit features 3 bedrooms and 1 full bathroom. Both HVAC systems were installed in 2024.
Located in Rhawnhurst, the property provides convenient access to shopping, restaurants, and public transportation.
First-floor showings are available Saturdays and Sundays only, and 24 hours’ notice is required to accommodate the tenant.
Located in Rhawnhurst, the property provides convenient access to shopping, restaurants, and public transportation.
First-floor showings are available Saturdays and Sundays only, and 24 hours’ notice is required to accommodate the tenant.
Key Highlights
- Recently updated 3+2 duplex in Rhawnhurst with two full bathrooms across both units
- First‑floor unit: 2 beds, 1 full bath, tenant‑occupied on a month‑to‑month lease at $1,350/month
- Second‑floor unit: 3 beds, 1 full bath
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 | $61.4k | $25.80 |
| − Vacancy | −$3.4k | −$1.42 |
| EGI | $58.0k | $24.38 |
| − OpEx | −$17.4k | −$7.31 |
| NOI | $40.6k | $17.06 |
2,379 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$580.0K
$507.5K – $676.6K
NOI $40,597 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$534.6K
$467.8K – $623.7K
NOI $37,421 @ 7.0% cap · market cap 7.49%
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 - Recently updated 3+2 duplex with both units featuring full bathrooms and HVAC systems installed in 2024.
Where is this duplex located?
The property is located at 2306 Strahle Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Recently updated 3+2 duplex in Rhawnhurst with two full bathrooms across both units; First‑floor unit: 2 beds, 1 full bath, tenant‑occupied on a month‑to‑month lease at $1,350/month; Second‑floor unit: 3 beds, 1 full bath
