Duplex with Private Outdoor
For Sale
Under Contract
$439,900
316 HERMIT Street, Philadelphia, PA 19128
Multi-Family, PHILADELPHIA, PA
Property Size2,000 SF
Lot Size0.10 Acres
Price / SF$219.95
Days on Market10
Property Features for 316 HERMIT Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement, Dining Room
Parking
2
Parking features
On Street, Driveway, Garage - Attached, Off Street
Interior features
Bathroom - Tub Shower, Carpet, Breakfast Area, Combination Dining/Living, Dining Area
Appliances
Built-In Microwave, Dishwasher, Dryer, Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer
Subdivision
MANAYUNK
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active Under Contract
Size
2,000 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
5814
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
private front patio
private deck
shared basement with laundry facilities
additional storage space
Building Details
Year built
1970
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(215) 923-7600
Listed By:
Tim Brogan · License #RS314019
(215) 620-9341
Added: Sep 30
Changed: Oct 9
Last Checked: Oct 9 at 11:06PM
MLS# PAPH2675892
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.
Investment Insights
Based on property information with market context.
At 316 Hermit Street, this 2,000-square-foot masonry duplex contains two occupied residences, each with two bedrooms and 1.5 bathrooms. The first-floor unit has a living and dining area, an updated kitchen, and a private front patio. Upstairs, the second unit features an updated kitchen, a bright living area, and a private deck. Shared basement space provides laundry facilities and storage; interior access connects to the attached rear garage. Driveway and off-street parking are also available.
The property sits on a 0.0999-acre lot in Philadelphia’s Manayunk area. Neighborhood shopping, dining, recreation, and public transportation are noted nearby, including Wissahickon Regional Rail station and Manayunk/Norristown Line service to Center City. Built in 1970, the property also has forced-air heating and central air conditioning.
The property sits on a 0.0999-acre lot in Philadelphia’s Manayunk area. Neighborhood shopping, dining, recreation, and public transportation are noted nearby, including Wissahickon Regional Rail station and Manayunk/Norristown Line service to Center City. Built in 1970, the property also has forced-air heating and central air conditioning.
Key Highlights
- Two occupied units, each with 2 bedrooms and 1.5 bathrooms
- 2,000‑square‑foot masonry duplex on a 0.0999‑acre lot
- Private front patio for the first‑floor unit and private deck for the upper unit
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
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Current Use
Lease Details
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied and include two bedrooms, 1.5 baths, and separate 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 occupied units, each with 2 bedrooms and 1.5 bathrooms; 2,000‑square‑foot masonry duplex on a 0.0999‑acre lot; Private front patio for the first‑floor unit and private deck for the upper unit
