Renovated
For Sale
$375,000
322 N 62nd St, Philadelphia, PA 19139
Separate utilities, central air, and updated kitchens and bathrooms are provided throughout.
Property Size1,880 SF
Price / SF$199.47
Days on Market47
Property Features for 322 N 62nd St
General Information
Standard status
Active
Size
1,880 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
West Philadelphia
Building Details
Year Built
1915
Listing Agency:
KW Empower
Listed By:
Stephen M Kennedy · License #RS330775
(267) 614-3033
Source:
Upgradebymichaud
Added: Sep 21
Changed: Oct 25
Last Checked: Nov 4 at 3:32PM
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 KW Empower
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Investment Insights
Based on property information with market context.
This legal duplex contains two three-bedroom, one-bathroom units within 1,880 square feet. The property has undergone extensive renovation, including a new roof, windows, electrical system, plumbing, and appliances. Each unit offers a functional layout, spacious bedrooms, substantial closet storage, an updated kitchen, an updated bathroom, and central air. Separate utilities serve the units.
Exterior features include a front porch, large backyard, and ample street parking. Built in 1915, the property is located at 322 N 62nd St in Philadelphia, near public transportation, Routes 76 and 95, universities, hospitals, and Center City.
Exterior features include a front porch, large backyard, and ample street parking. Built in 1915, the property is located at 322 N 62nd St in Philadelphia, near public transportation, Routes 76 and 95, universities, hospitals, and Center City.
Key Highlights
- Legal duplex with two 3‑bedroom, 1‑bathroom units
- 1,880 square feet with separate utilities
- Renovations include roof, windows, electrical, plumbing, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,082
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,640
$641.6K
Cap Rate 7%
$458,314
$458.3K
Cap Rate 9%
$356,467
$356.5K
Market Conditions
NOI Build-Up for 1,880 SF
Gross rent
$48.5K $25.80/SF
− Vacancy
−$2.7K −$1.42/SF
EGI
$45.8K $24.38/SF
− OpEx
−$13.7K −$7.31/SF
NOI
$32.1K $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%
$641,640
Cap Rate 7%
$458,314
Cap Rate 9%
$356,467
Alternative Uses
Best Use
Multifamily LT 5
$458.3K
$401.0K – $534.7K
NOI $32,082 @ 7.0% cap · market cap 8.56%
Second Best
Apartment 5plus
$422.4K
$369.6K – $492.9K
NOI $29,571 @ 7.0% cap · market cap 7.89%
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
Location Intelligence
Trade Area within ½ mile
1,627
Businesses Nearby
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Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities, central air, and updated kitchens and bathrooms are provided throughout.
Where is this duplex located?
The property is located at 322 N 62nd St Philadelphia, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Legal duplex with two 3‑bedroom, 1‑bathroom units; 1,880 square feet with separate utilities; Renovations include roof, windows, electrical, plumbing, and appliances
