2-Unit
For Sale
$380,000
2341 NICHOLAS Street, Philadelphia, PA 19121
Multi-Family, PHILADELPHIA, PA
Property Size1,231 SF
Lot Size0.02 Acres
Price / SF$308.69
Days on Market16
Property Features for 2341 NICHOLAS Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Appliances
Dishwasher, Dryer - Electric, Oven/Range - Electric
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,231 SF
Lot size
0.02 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
2189
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1925
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Keller Williams Real Estate-Langhorne · Keller Williams Realty
(215) 757-6100
Listed By:
Kyle Keenan · License #RS349530
(215) 833-0638
Added: Oct 8
Changed: Oct 23
Last Checked: Oct 23 at 2:06PM
MLS# PAPH2678866
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 contains 1,231 square feet across two residences, each with two bedrooms. The property was built in 1925 and has undergone recent renovations. Central heating and air conditioning serve the building; the listed appliances include electric cooking equipment and a dishwasher. A basement is also part of the property.
Both units are occupied by non-paying tenants, and the property is being offered with tenants in place. The buyer is responsible for reviewing occupancy and tenant status. Parking is on the street.
Both units are occupied by non-paying tenants, and the property is being offered with tenants in place. The buyer is responsible for reviewing occupancy and tenant status. Parking is on the street.
Key Highlights
- Two units, each with 2 bedrooms
- 1,231 square feet on a 0.0197‑acre lot
- Both residences occupied by non‑paying tenants; sold with tenants in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,007
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,140
$420.1K
Cap Rate 7%
$300,100
$300.1K
Cap Rate 9%
$233,411
$233.4K
Market Conditions
NOI Build-Up for 1,231 SF
Gross rent
$31.8K $25.80/SF
− Vacancy
−$1.7K −$1.42/SF
EGI
$30.0K $24.38/SF
− OpEx
−$9.0K −$7.31/SF
NOI
$21.0K $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%
$420,140
Cap Rate 7%
$300,100
Cap Rate 9%
$233,411
Alternative Uses
Best Use
Multifamily LT 5
$300.1K
$262.6K – $350.1K
NOI $21,007 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$276.6K
$242.0K – $322.7K
NOI $19,363 @ 7.0% cap · market cap 5.10%
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
1,675
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
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 - Each residence has two bedrooms, and both units are occupied by non-paying tenants.
Where is this duplex located?
The property is located at 2341 NICHOLAS Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms; 1,231 square feet on a 0.0197‑acre lot; Both residences occupied by non‑paying tenants; sold with tenants in place
