Owner-Occupied Duplex
324 E GIRARD Avenue Philadelphia, PA 19125
New
324 E GIRARD Avenue, Philadelphia, PA, 19125
$525,000
For Sale
$525,000
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size2,235 SF
Lot Size0.03 Acres
Price / SF$234.90
Days on Market2
Property Features for 324 E GIRARD Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 2,235 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7069
Utilities
- Heating system
- Other (Heating), Hot Water(Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1915
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing agency
Leibovitz Real Estate, LLC
(215) 634-0800
Listed by
Wayne Leibovitz · License #RM424488
(215) 634-0800
Added: Jul 22 Checked: Jul 23 at 9:06AM
MLS# PAPH2650908
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.
This owner-occupied duplex offers two separate residential levels with defined living and dining spaces. The first-floor apartment features a living room, dining room, full bathroom, and eat-in kitchen. The second and third floors are configured as a large bi-level apartment with a living room, eat-in kitchen, two bedrooms, two full bathrooms, a large multi-purpose room, and an additional storage room. The property also includes a full cement basement with separate heaters and water heaters, and a hard-wired fire alarm system. Gas and electric meters are in place.
Per the Department of Licenses and Inspections Property Certificate, the property is legally registered for use as "Office-Business and Professional; Residential-Household Living-Two Family." The certificate is posted in the attached documents.
The duplex is listed for sale as a registered two-family property with an office-professional classification included on the issued certificate, providing a documented basis for the property’s allowable use.
Per the Department of Licenses and Inspections Property Certificate, the property is legally registered for use as "Office-Business and Professional; Residential-Household Living-Two Family." The certificate is posted in the attached documents.
The duplex is listed for sale as a registered two-family property with an office-professional classification included on the issued certificate, providing a documented basis for the property’s allowable use.
Key Highlights
- Owner‑occupied duplex with masonry construction and year built 1915
- 1st‑floor unit layout includes living room, dining room, full bathroom, and eat‑in kitchen
- 2nd and 3rd floors feature a bi‑level apartment with two bedrooms and two full bathrooms
Local 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 | $57.7k | $25.80 |
| − Vacancy | −$3.2k | −$1.42 |
| EGI | $54.5k | $24.38 |
| − OpEx | −$16.3k | −$7.31 |
| NOI | $38.1k | $17.06 |
2,235 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$544.9K
$476.8K – $635.7K
NOI $38,140 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$502.2K
$439.4K – $585.9K
NOI $35,155 @ 7.0% cap · market cap 6.70%
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
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FAQs
What type of property is this?
Duplex - Duplex includes a ground-floor unit and a bi-level unit with two bedrooms, two full baths, and multiple living areas.
Where is this duplex located?
The property is located at 324 E GIRARD Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Owner‑occupied duplex with masonry construction and year built 1915; 1st‑floor unit layout includes living room, dining room, full bathroom, and eat‑in kitchen; 2nd and 3rd floors feature a bi‑level apartment with two bedrooms and two full bathrooms
