Updated Duplex Near
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2334 North Carlisle Street, Philadelphia, PA 19132
Two two-bedroom units feature separate utilities, central air, and in-unit laundry.
Property Size1,260 SF
Price / SF$1.07
Days on Market225
Property Features for 2334 North Carlisle Street
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Residential Lease / Other
Zoning
RM1
Site & Location
Neighborhood
North Philadelphia
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$798
Amenities
separate utilities
central air
gas heat
in-unit washers and dryers
replacement windows
recessed lighting
high ceilings
private backyard
unfinished basement
No
Other
No Pool
Building Details
Year Built
1915
Buildings
1
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Justin Willis · License #RS306930
(267) 230-9920
Source:
Compass
Added: Mar 13
Changed: Oct 19
Last Checked: Oct 20 at 11:55PM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
This 1,260-square-foot duplex contains two residential units, each configured with two bedrooms and one bathroom. Both units include separate utilities, central air, gas heat, replacement windows, recessed lighting, high ceilings, and in-unit washers and dryers. Updated kitchens have granite countertops and stainless steel appliances, while the bathrooms feature ceramic tile. Unit 1 provides a private backyard and unfinished basement storage. Unit 2, located on the second floor, has new hardwood flooring, fresh paint, and a spacious living room.
The property is zoned RM1 and was built in 1915. It is located at 2334 North Carlisle Street in Philadelphia, within one block of the Broad Street Line at Susquehanna Station, near Broad Street and multiple bus lines, and within walking distance of Temple University. The property includes no pool and has both above-grade and below-grade areas.
The property is zoned RM1 and was built in 1915. It is located at 2334 North Carlisle Street in Philadelphia, within one block of the Broad Street Line at Susquehanna Station, near Broad Street and multiple bus lines, and within walking distance of Temple University. The property includes no pool and has both above-grade and below-grade areas.
Key Highlights
- Duplex with 2 units, each offering 2 bedrooms and 1 bathroom
- 1,260 SF property zoned RM1
- Within one block of the Broad Street Line at Susquehanna Station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,819
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,380
$396.4K
Cap Rate 7%
$283,129
$283.1K
Cap Rate 9%
$220,211
$220.2K
Market Conditions
NOI Build-Up for 1,260 SF
Gross rent
$38.3K $30.36/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$36.0K $28.60/SF
− OpEx
−$16.2K −$12.87/SF
NOI
$19.8K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,380
Cap Rate 7%
$283,129
Cap Rate 9%
$220,211
Alternative Uses
Best Use
Multifamily LT 5
$307.2K
$268.8K – $358.4K
NOI $21,502 @ 7.0% cap · market cap 1,592.74%
Second Best
Apartment 5plus
$283.1K
$247.7K – $330.3K
NOI $19,819 @ 7.0% cap · market cap 1,468.07%
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
1,936
Businesses Nearby
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Business Placement
Demographics for 19132, PA
33,926
Population
17,402
Households
1.9
Avg Household Size
37
Median Age
13%
College-Educated
83%
High-School Grad
2.2 sq mi
ZIP Area
15,421
Density / Sq Mi
$30,974
Median Household Income
$30,300
Median Earnings
$1,055
Median Rent
$73,000
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 - Two two-bedroom units feature separate utilities, central air, and in-unit laundry.
Where is this duplex located?
The property is located at 2334 North Carlisle Street Philadelphia, PA.
What are key features of this property?
This property features: Duplex with 2 units, each offering 2 bedrooms and 1 bathroom; 1,260 SF property zoned RM1; Within one block of the Broad Street Line at Susquehanna Station
