Renovated Duplex with Two
For Sale
$349,999
331 E HIGH ST, Philadelphia, PA 19144
Renovated two-unit property with central A/C, in-unit laundry, and hardwood floors.
Property Size1,650 SF
Price / SF$212.12
Days on Market93
Property Features for 331 E HIGH ST
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Morton
Amenities
stainless steel appliances
washer/dryer
hardwood floors
central A/C
ceiling fans
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Tesla Realty Group, LLC
(844) 837-5274
Listed By:
Stephen L Stevens Jr. · License #RS326939
(267) 971-2540
Source:
Hostetterrealty
Added: Aug 2
Changed: Oct 25
Last Checked: Nov 1 at 5:36AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$28,157
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,140
$563.1K
Cap Rate 7%
$402,243
$402.2K
Cap Rate 9%
$312,856
$312.9K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$42.6K $25.80/SF
− Vacancy
−$2.3K −$1.42/SF
EGI
$40.2K $24.38/SF
− OpEx
−$12.1K −$7.31/SF
NOI
$28.2K $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%
$563,140
Cap Rate 7%
$402,243
Cap Rate 9%
$312,856
Alternative Uses
Best Use
Multifamily LT 5
$402.2K
$352.0K – $469.3K
NOI $28,157 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$370.8K
$324.4K – $432.6K
NOI $25,954 @ 7.0% cap · market cap 7.42%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,123
Businesses Nearby
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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
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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 - 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 ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,999.
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
