234 West Erie Avenue, Philadelphia, PA 19140
Renovated duplex with two updated two-bedroom units, delivered vacant and ready for immediate rental operation.
- Added:
- May 25, 2026
- Days on Market:
- 21
- Last Refresh:
- Jun 6 at 2:56 am
Property Features for 234 West Erie Avenue
General Information
- Standard status
- Active
- Size
- 1,064 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing agent Marco A Troche License #AB069365 (267) 255-8132
Listing office RE/MAX Select Group (267) 255-8132
Listing date May 25, 2026
Source Compass
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 RE/MAX Select Group
HighLights
- Fully renovated duplex with two updated 2‑bedroom units
- Delivered completely vacant, allowing the new owner to set market rents and start rental income immediately
- Interior accessibility includes 2+ access exits
- Built in 1920
- No pool
Overview
Located in Philadelphia County near public transportation, shopping, schools, and major roadways, the setting supports everyday convenience for residents. The school district information is PHILADELPHIA CITY, as provided in the listing.
With a straightforward two-unit layout and turnkey condition, this property can fit investors seeking a manageably sized rental asset or an owner-occupant looking to offset housing costs with rental income from the second unit. As presented, the duplex is ready for immediate occupancy planning and leasing decisions upon acquisition.
Local 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 | $27.5k | $25.80 |
| − Vacancy | −$1.5k | −$1.42 |
| EGI | $25.9k | $24.38 |
| − OpEx | −$7.8k | −$7.31 |
| NOI | $18.2k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1328664
- Latitude
- 40.0066162
