Renovated Duplex with Two
For Sale
$224,000
34 N FRAZIER ST, Philadelphia, PA 19139
Two occupied units offer one- and two-bedroom layouts with separate kitchens.
Property Size1,020 SF
Price / SF$219.61
Days on Market71
Property Features for 34 N FRAZIER ST
General Information
Standard status
Active
Size
1,020 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
West Philadelphia
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$21,480
Building Details
Year Renovated
2017
Listing Agency:
Silver and Oak Realty
(201) 630-0360
Listed By:
Sascha Alexander Edelkraut
(267) 399-8043
Source:
360
Added: Aug 22
Changed: Oct 25
Last Checked: Oct 30 at 2:19PM
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 Silver and Oak Realty
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Investment Insights
Based on property information with market context.
This two-unit residential property contains 1,020 square feet and is configured for separate living arrangements. The first-floor unit includes one bedroom, one full bathroom, and a kitchen, while the second-floor unit provides two bedrooms, one full bathroom, and its own kitchen. Both units are currently occupied.
Located at 34 N Frazier St in Philadelphia, the property was built in 1920 and underwent permitted renovations in 2017. The renovation work included plumbing, electrical systems, and HVAC, providing documented updates across key building systems.
The duplex offers a clearly defined unit mix with one one-bedroom residence and one two-bedroom residence, each supported by its own kitchen and bathroom.
Located at 34 N Frazier St in Philadelphia, the property was built in 1920 and underwent permitted renovations in 2017. The renovation work included plumbing, electrical systems, and HVAC, providing documented updates across key building systems.
The duplex offers a clearly defined unit mix with one one-bedroom residence and one two-bedroom residence, each supported by its own kitchen and bathroom.
Key Highlights
- Two‑unit duplex with both residences currently occupied
- 1,020 SF property with one one‑bedroom unit and one two‑bedroom unit
- Each unit includes its own kitchen and one full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,406
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,120
$348.1K
Cap Rate 7%
$248,657
$248.7K
Cap Rate 9%
$193,400
$193.4K
Market Conditions
NOI Build-Up for 1,020 SF
Gross rent
$26.3K $25.80/SF
− Vacancy
−$1.5K −$1.42/SF
EGI
$24.9K $24.38/SF
− OpEx
−$7.5K −$7.31/SF
NOI
$17.4K $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%
$348,120
Cap Rate 7%
$248,657
Cap Rate 9%
$193,400
Alternative Uses
Best Use
Multifamily LT 5
$248.7K
$217.6K – $290.1K
NOI $17,406 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$229.2K
$200.6K – $267.4K
NOI $16,044 @ 7.0% cap · market cap 7.16%
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?
See the owner, sales and loan history
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,294
Businesses Nearby
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Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
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 - Two occupied units offer one- and two-bedroom layouts with separate kitchens.
Where is this duplex located?
The property is located at 34 N FRAZIER ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $224,000.
What are key features of this property?
This property features: Two‑unit duplex with both residences currently occupied; 1,020 SF property with one one‑bedroom unit and one two‑bedroom unit; Each unit includes its own kitchen and one full bathroom
