Renovated Duplex with Two
New
For Sale
$375,000
331 E HIGH STREET, Philadelphia, PA 19144
Renovated two-unit property with central A/C, in-unit laundry, and hardwood floors.
Property Size1,650 SF
Days on Market6
Property Features for 331 E HIGH STREET
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$4,224
Amenities
stainless steel appliances
washer/dryer
hardwood floors
central A/C
ceiling fans
Building Details
Building Size
1,650 SF
Year Built
1905
Buildings
1
Tenancy
Multi
Listing Agency:
Tesla Realty Group, LLC
(267) 971-2540
Listed By:
Stephen L Stevens Jr. · License #RS326939
(267) 971-2540
Source:
Lizclarkrealestate
Added: Jul 30
Changed: Aug 3
Last Checked: Aug 3 at 3:03AM
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 Tesla Realty Group, LLC
Investment Insights
Based on property information with market context.
This renovated duplex contains two matching residences, each offering 2 bedrooms and 1 bathroom. Both units feature stainless steel appliances, a washer and dryer, hardwood flooring, central A/C, ceiling fans, and ample closet and storage space. The first-floor residence is vacant, while the second-floor unit is occupied. Built in 1905, the property provides an owner-occupant configuration with one unit available for use and an existing occupant in the other.
The property is in Philadelphia’s Germantown section, near Awbury Arboretum, Morton Playground, and the shops, services, and eateries along Germantown Ave. Access to the Chestnut Hill East Line and SEPTA bus routes 23 and 81 adds public transportation connectivity.
The property is in Philadelphia’s Germantown section, near Awbury Arboretum, Morton Playground, and the shops, services, and eateries along Germantown Ave. Access to the Chestnut Hill East Line and SEPTA bus routes 23 and 81 adds public transportation connectivity.
Key Highlights
- Two‑unit duplex with matching 2BR/1BA layouts
- Renovated interiors with hardwood floors and stainless steel appliances
- Washer and dryer included in each unit
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 | $42.6k | $25.80 |
| − Vacancy | −$2.3k | −$1.42 |
| EGI | $40.2k | $24.38 |
| − OpEx | −$12.1k | −$7.31 |
| NOI | $28.2k | $17.06 |
1,650 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$402.2K
$352.0K – $469.3K
NOI $28,157 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$370.8K
$324.4K – $432.6K
NOI $25,954 @ 7.0% cap · market cap 6.92%
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
1,490
Businesses Nearby
Explore this area
Business Placement
Demographics for 19144, PA
44,481
Population
23,583
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
12,356
Density / Sq Mi
$45,727
Median Household Income
$36,020
Median Earnings
$1,110
Median Rent
$224,600
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 - Renovated two-unit property with central A/C, in-unit laundry, and hardwood floors.
Where is this duplex located?
The property is located at 331 E HIGH STREET 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: Two‑unit duplex with matching 2BR/1BA layouts; Renovated interiors with hardwood floors and stainless steel appliances; Washer and dryer included in each unit
