Two-Unit Duplex with
For Sale
$459,500
324 E GIRARD Avenue, Philadelphia, PA 19125
Multi-Family, PHILADELPHIA, PA
Property Size2,235 SF
Lot Size0.03 Acres
Price / SF$205.59
Days on Market93
Property Features for 324 E GIRARD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Subdivision
FISHTOWN
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,235 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
7069
Utilities
Heating system
Hot Water(Heating), Other (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 · Century 21 Real Estate
(215) 634-0800
Listed By:
Wayne Leibovitz · License #RM424488
(215) 852-9986
Added: Jul 22
Changed: Oct 21
Last Checked: Oct 22 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
This 2,235-square-foot masonry duplex, built in 1915, includes two distinct residential units and a full cement basement. The first-floor apartment offers a living room, dining room, full bathroom, and eat-in kitchen. A bi-level apartment spans the second and third floors, with a living room, eat-in kitchen, two bedrooms, two full bathrooms, a multipurpose room, and storage space. Separate heaters, water heaters, and gas and electric meters serve the property, which also has window-unit cooling and a hard-wired fire alarm system.
The property is located at 324 E Girard Avenue in Philadelphia’s Fishtown area, along the Girard Avenue Corridor. Restaurants, coffee shops, retail, services, parks, and entertainment are nearby, with access to Center City, I-95, and public transportation. The property certificate permits Office-Business and Professional use as well as Residential-Household Living-Two Family.
The property is located at 324 E Girard Avenue in Philadelphia’s Fishtown area, along the Girard Avenue Corridor. Restaurants, coffee shops, retail, services, parks, and entertainment are nearby, with access to Center City, I-95, and public transportation. The property certificate permits Office-Business and Professional use as well as Residential-Household Living-Two Family.
Key Highlights
- 2,235 square feet on a 0.0275‑acre lot
- Two residential units, including a bi‑level apartment with 2 bedrooms and 2 full bathrooms
- Full cement basement with separate heaters and water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,140
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,800
$762.8K
Cap Rate 7%
$544,857
$544.9K
Cap Rate 9%
$423,778
$423.8K
Market Conditions
NOI Build-Up for 2,235 SF
Gross rent
$57.7K $25.80/SF
− Vacancy
−$3.2K −$1.42/SF
EGI
$54.5K $24.38/SF
− OpEx
−$16.3K −$7.31/SF
NOI
$38.1K $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%
$762,800
Cap Rate 7%
$544,857
Cap Rate 9%
$423,778
Alternative Uses
Best Use
Multifamily LT 5
$544.9K
$476.8K – $635.7K
NOI $38,140 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$502.2K
$439.4K – $585.9K
NOI $35,155 @ 7.0% cap · market cap 7.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,995
Businesses Nearby
Explore this area
Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Masonry duplex with separate heating systems, a hard-wired fire alarm, and flexible two-family living arrangements.
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 $459,500.
What are key features of this property?
This property features: 2,235 square feet on a 0.0275‑acre lot; Two residential units, including a bi‑level apartment with 2 bedrooms and 2 full bathrooms; Full cement basement with separate heaters and water heaters
