Duplex with Updated
337 RIPKA Street, Philadelphia, PA 19128
For Sale
$339,999
Multi-Family, PHILADELPHIA, PA
Property Size1,184 SF
Lot Size0.07 Acres
Price / SF$287.16
Days on Market10
Property Features for 337 RIPKA Street
General Information
Property type
Property subtype
Rooms
Parking features
Appliances
Subdivision
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
central air
washer and dryer
Building Details
Year built
Number of units
Building materials
Buildings
Listing Agency:
Lime House
(717) 840-1355
Listed By:
Tanner Kirkpatrick · License PA RS361592
(717) 713-9879
Added: Nov 5
Changed: Nov 13
Last Checked: Nov 14 at 1:06AM
MLS# PAPH2688060
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 1,184-square-foot masonry duplex, built in 1950, contains two one-bedroom, one-bathroom units. Both have newer kitchens and bathrooms, and the property has central air. A shared basement provides a washer and dryer. The lot measures 0.0654 acres.
The property is near Main Street in Manayunk, where restaurants, shops, and nightlife are located.
The property is near Main Street in Manayunk, where restaurants, shops, and nightlife are located.
Key Highlights
- Two units, each with 1 bedroom and 1 bathroom
- 1,184 square feet on a 0.0654‑acre lot
- Newer kitchens and bathrooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,205
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,100
$404.1K
Cap Rate 7%
$288,643
$288.6K
Cap Rate 9%
$224,500
$224.5K
Market Conditions
NOI Build-Up for 1,184 SF
Gross rent
$30.5K $25.80/SF
− Vacancy
−$1.7K −$1.42/SF
EGI
$28.9K $24.38/SF
− OpEx
−$8.7K −$7.31/SF
NOI
$20.2K $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%
$404,100
Cap Rate 7%
$288,643
Cap Rate 9%
$224,500
Alternative Uses
Best Use
Multifamily LT 5
$288.6K
$252.6K – $336.8K
NOI $20,205 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$266.1K
$232.8K – $310.4K
NOI $18,624 @ 7.0% cap · market cap 5.48%
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
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,323
Businesses Nearby
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Business Placement
Demographics for 19128, PA
36,808
Population
19,006
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
5,258
Density / Sq Mi
$89,639
Median Household Income
$64,861
Median Earnings
$1,563
Median Rent
$330,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Philadelphia, PA
Properties on Market for Duplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom units include central air and share a basement with laundry equipment.
Where is this duplex located?
The property is located at 337 RIPKA Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $339,999.
What are key features of this property?
This property features: Two units, each with 1 bedroom and 1 bathroom; 1,184 square feet on a 0.0654‑acre lot; Newer kitchens and bathrooms in both units
