Two-Unit Duplex with Front
New
For Sale
$464,999
2316 STRAHLE STREET, Philadelphia, PA 19152
Both residences are tenant-occupied, and the property includes an outdoor patio area.
Property Size2,379 SF
Days on Market7
Property Features for 2316 STRAHLE STREET
General Information
Standard status
Active
Size
2,379 SF
Property subtype
Duplex
Occupancy
100%
Site & Location
Neighborhood
Lexington Park
Public Transit
Yes
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,439
Amenities
large front patio area
Building Details
Building Size
2,379 SF
Year Built
1956
Tenancy
Multi
Listing Agency:
Real of Pennsylvania
Listed By:
William Holder · License #AB069692
(484) 744-4053
Source:
Lizclarkrealestate
Added: Oct 26
Changed: Oct 31
Last Checked: Oct 30 at 10:37PM
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 Real of Pennsylvania
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Investment Insights
Based on property information with market context.
This Philadelphia duplex contains two residential units, both occupied by tenants. Built in 1956, the property also features a front patio area for outdoor use.
The two-unit configuration and existing occupancy are central features of the property.
The two-unit configuration and existing occupancy are central features of the property.
Key Highlights
- Two residential units, both currently tenant‑occupied
- Built in 1956
- Front patio area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,597
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,940
$811.9K
Cap Rate 7%
$579,957
$580.0K
Cap Rate 9%
$451,078
$451.1K
Market Conditions
NOI Build-Up for 2,379 SF
Gross rent
$61.4K $25.80/SF
− Vacancy
−$3.4K −$1.42/SF
EGI
$58.0K $24.38/SF
− OpEx
−$17.4K −$7.31/SF
NOI
$40.6K $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%
$811,940
Cap Rate 7%
$579,957
Cap Rate 9%
$451,078
Alternative Uses
Best Use
Multifamily LT 5
$580.0K
$507.5K – $676.6K
NOI $40,597 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$534.6K
$467.8K – $623.7K
NOI $37,421 @ 7.0% cap · market cap 8.05%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,466
Businesses Nearby
Explore this area
Business Placement
Demographics for 19152, PA
35,911
Population
13,715
Households
2.6
Avg Household Size
41
Median Age
28%
College-Educated
88%
High-School Grad
2.9 sq mi
ZIP Area
12,383
Density / Sq Mi
$57,966
Median Household Income
$40,428
Median Earnings
$1,236
Median Rent
$270,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are tenant-occupied, and the property includes an outdoor patio area.
Where is this duplex located?
The property is located at 2316 STRAHLE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $464,999.
What are key features of this property?
This property features: Two residential units, both currently tenant‑occupied; Built in 1956; Front patio area
