Two-Unit Duplex with In-Unit
For Sale
$498,000
327 N Preston Street, Philadelphia, PA 19104
Two-unit duplex with in-unit washer/dryer, separate utilities, and shared access to outdoor decks and yard space.
Property Size1,980 SF
Price / SF$251.52
Days on Market121
Property Features for 327 N Preston Street
General Information
Standard status
Active
Size
1,980 SF
Property subtype
Multi-Family
Amenities
in-unit washer/dryer
basement
rear deck
backyard
private deck
high ceilings
Combination,Connecting Stairway,Outside Entrance,Partially Finished
Carpet,Hardwood
Natural Gas
Yes
3
Estimated
2nd Kitchen,Wood Floors
No Pool
All existing appliances and systems
Public
0.00
No
On Street
Other
113740.00
Building Details
Building Size
1,980 SF
Year Built
1915
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
RE/MAX Advantage Realty
(856) 222-0077
Listed By:
Tyler Mecca
Source:
Thetristaterealestategroup
Added: Apr 2
Changed: Jul 30
Last Checked: Jul 31 at 3:39AM
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 RE/MAX Advantage Realty
Investment Insights
Based on property information with market context.
This two-unit duplex offers two distinct residences with comfortable layouts and practical in-unit support. The building features a 2-bedroom first-floor unit and a 4-bedroom second-floor unit, each with in-unit washer/dryer and separate utilities. The first-floor unit includes an open living and dining area, a full kitchen, two bedrooms, and access to a basement plus a rear deck and expansive backyard. The second-floor unit offers an open-concept living and dining space, high ceilings, two full bathrooms, and a private deck, supporting flexible shared-living arrangements. The basement is partially finished and includes a combination of features such as a connecting stairway and outside entrance.
The property is located on N Preston Street in Philadelphia and is just blocks from the UCity Square project. It is also described as being steps from the Market-Frankford Line, providing convenient access to Center City, Fishtown, West Philadelphia, and 30th Street Station. The area includes neighborhood shops, dining, and major institutions such as the University of Pennsylvania, Drexel University, and Penn Presbyterian Hospital.
Built in 1915, the property totals three stories with carpet and hardwood flooring, natural gas hot water, and central air. Parking is available via public/on-street options, and the listing notes all existing appliances and systems are included.
The property is located on N Preston Street in Philadelphia and is just blocks from the UCity Square project. It is also described as being steps from the Market-Frankford Line, providing convenient access to Center City, Fishtown, West Philadelphia, and 30th Street Station. The area includes neighborhood shops, dining, and major institutions such as the University of Pennsylvania, Drexel University, and Penn Presbyterian Hospital.
Built in 1915, the property totals three stories with carpet and hardwood flooring, natural gas hot water, and central air. Parking is available via public/on-street options, and the listing notes all existing appliances and systems are included.
Key Highlights
- 2‑bedroom first‑floor unit and 4‑bedroom second‑floor unit in a two‑unit duplex
- In‑unit washer/dryer for both units with separate utilities
- Partially finished basement with connecting stairway and outside entrance
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 | $51.1k | $25.80 |
| − Vacancy | −$2.8k | −$1.42 |
| EGI | $48.3k | $24.38 |
| − OpEx | −$14.5k | −$7.31 |
| NOI | $33.8k | $17.06 |
1,980 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$482.7K
$422.4K – $563.1K
NOI $33,788 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$444.9K
$389.3K – $519.1K
NOI $31,144 @ 7.0% cap · market cap 6.25%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,324
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with in-unit washer/dryer, separate utilities, and shared access to outdoor decks and yard space.
Where is this duplex located?
The property is located at 327 N Preston Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $498,000.
What are key features of this property?
This property features: 2‑bedroom first‑floor unit and 4‑bedroom second‑floor unit in a two‑unit duplex; In‑unit washer/dryer for both units with separate utilities; Partially finished basement with connecting stairway and outside entrance
