Two-Unit Duplex with Private Outdoor
For Sale
$439,900
Pending
316 HERMIT STREET, Philadelphia, PA 19128
Both residences are occupied and have individual outdoor areas.
Property Size2,000 SF
Days on Market10
Property Features for 316 HERMIT STREET
General Information
Standard status
Pending
Size
2,000 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
shared basement with laundry facilities
private front patio
private deck
off-street parking
Building Details
Year Built
1970
Buildings
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(215) 923-7600
Listed By:
Tim Brogan · License #RS314019
(215) 620-9341
Source:
Cummingsrealtors
Added: Sep 30
Changed: Oct 7
Last Checked: Oct 7 at 12:23PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 2,000-square-foot duplex, built in 1970, contains two occupied residences, each configured with two bedrooms and 1.5 bathrooms. One unit has a front patio; the other opens onto a private deck. Shared basement space provides laundry facilities and storage, while a rear garage and driveway offer off-street parking.
Key Highlights
- Two residences, each with 2 bedrooms and 1.5 bathrooms
- Both units currently occupied
- Private front patio for one unit and deck for the other
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,130
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,600
$682.6K
Cap Rate 7%
$487,571
$487.6K
Cap Rate 9%
$379,222
$379.2K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$51.6K $25.80/SF
− Vacancy
−$2.8K −$1.42/SF
EGI
$48.8K $24.38/SF
− OpEx
−$14.6K −$7.31/SF
NOI
$34.1K $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%
$682,600
Cap Rate 7%
$487,571
Cap Rate 9%
$379,222
Alternative Uses
Best Use
Multifamily LT 5
$487.6K
$426.6K – $568.8K
NOI $34,130 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$449.4K
$393.2K – $524.3K
NOI $31,459 @ 7.0% cap · market cap 7.15%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,336
Businesses Nearby
Explore this area
Business Placement
Demographics for 19128, PA
36,808
Population
19,006
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
5,258
Density / Sq Mi
$89,639
Median Household Income
$64,861
Median Earnings
$1,563
Median Rent
$330,800
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied and have individual outdoor areas.
Where is this duplex located?
The property is located at 316 HERMIT STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1.5 bathrooms; Both units currently occupied; Private front patio for one unit and deck for the other
