Renovated 2-Unit
269 Nandina Terrace Philadelphia, PA 19116
For Sale
$509,900
Pending
Renovated first-floor unit and month-to-month second unit with parking, two garages, and a fenced backyard.
Property Size1,846 SF
Days on Market58
Property Features for 269 Nandina Terrace
General Information
- Standard status
- Pending
- Size
- 1,846 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1969
Listing Agency:
Homestarr Realty
(215) 435-2457
Listed By:
Anthony L. Samarco Jr. · License #RS323907
(215) 435-2457
Source:
Compass
Added: May 28
Changed: Jul 10
Last Checked: Jul 24 at 1:08PM
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 Homestarr Realty
Investment Insights
Based on property information with market context.
This well-kept 2+2 duplex offers two separate units, each with two bedrooms and one full bath, a spacious living room, and a combined kitchen and dining area. The first-floor unit is vacant and fully renovated for immediate occupancy. The second-floor unit is leased to a month-to-month tenant. Interior details include generous closet space, dedicated storage, and a walk-out basement with access to the backyard and garages. Outside, the property features a private fenced backyard, driveway parking, and two garages. Recent improvements include a renovated first-floor kitchen and bath, new flooring and paint, a roof installed in 2024, and updated mechanicals and appliances throughout.
Located in the Somerton neighborhood of Northeast Philadelphia, the property is within walking distance of local schools. It is also described as just minutes from Bustleton Avenue, Philmont Regional Rail, Roosevelt Boulevard, I-95, the Pennsylvania Turnpike, and nearby shopping and conveniences. Transportation options include a bus stop less than 1 mile away, commuter lots less than 5 miles, and a commuter rail station between 1 to 5 miles.
For owner-occupants, the layout supports living on one level while having the other unit available as rental income. For investors, the renovated vacant unit and the existing month-to-month tenancy provide operational continuity, along with practical day-to-day benefits like dedicated storage, basement access to the backyard, and off-street parking with two garages.
Located in the Somerton neighborhood of Northeast Philadelphia, the property is within walking distance of local schools. It is also described as just minutes from Bustleton Avenue, Philmont Regional Rail, Roosevelt Boulevard, I-95, the Pennsylvania Turnpike, and nearby shopping and conveniences. Transportation options include a bus stop less than 1 mile away, commuter lots less than 5 miles, and a commuter rail station between 1 to 5 miles.
For owner-occupants, the layout supports living on one level while having the other unit available as rental income. For investors, the renovated vacant unit and the existing month-to-month tenancy provide operational continuity, along with practical day-to-day benefits like dedicated storage, basement access to the backyard, and off-street parking with two garages.
Key Highlights
- 2+2 duplex in the Somerton neighborhood of Northeast Philadelphia; each unit has 2 bedrooms and 1 full bath
- First‑floor unit is vacant and fully renovated, ready for immediate occupancy
- Second‑floor unit is leased to a month‑to‑month tenant
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 | $47.6k | $25.80 |
| − Vacancy | −$2.6k | −$1.42 |
| EGI | $45.0k | $24.38 |
| − OpEx | −$13.5k | −$7.31 |
| NOI | $31.5k | $17.06 |
1,846 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$450.0K
$393.8K – $525.0K
NOI $31,502 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$414.8K
$363.0K – $484.0K
NOI $29,037 @ 7.0% cap · market cap 5.69%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Renovated first-floor unit and month-to-month second unit with parking, two garages, and a fenced backyard.
Where is this duplex located?
The property is located at 269 Nandina Terrace Philadelphia, PA.
What is the asking price?
The asking price for this property is $509,900.
What are key features of this property?
This property features: 2+2 duplex in the Somerton neighborhood of Northeast Philadelphia; each unit has 2 bedrooms and 1 full bath; First‑floor unit is vacant and fully renovated, ready for immediate occupancy; Second‑floor unit is leased to a month‑to‑month tenant
