Renovated Two-Unit
For Sale
$224,000
34 N FRAZIER Street, Philadelphia, PA 19139
Multi-Family, PHILADELPHIA, PA
Property Size1,020 SF
Lot Size0.02 Acres
Price / SF$219.61
Days on Market289
Property Features for 34 N FRAZIER Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
Off Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,020 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
1942
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Building Details
Year built
1920
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Silver and Oak Realty
(201) 630-0360
Listed By:
Sascha Alexander Edelkraut
(267) 399-8043
Added: Jan 15
Changed: Oct 8
Last Checked: Oct 31 at 7:06AM
MLS# PAPH2575392
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 two-unit duplex contains 1,020 square feet within a masonry building constructed in 1920. The first-floor apartment has 1 bedroom, 1 full bathroom, and a dedicated kitchen. Upstairs, the second unit provides 2 bedrooms, 1 full bathroom, and its own kitchen. A basement is also included.
Renovation work was completed with permits in 2017 and covered the plumbing, electrical, and HVAC systems. The property has hot water heating, central air conditioning, and off-street parking. Both apartments are currently occupied, providing an operating residential configuration with distinct unit layouts.
Renovation work was completed with permits in 2017 and covered the plumbing, electrical, and HVAC systems. The property has hot water heating, central air conditioning, and off-street parking. Both apartments are currently occupied, providing an operating residential configuration with distinct unit layouts.
Key Highlights
- Two‑unit duplex with both apartments currently occupied
- First‑floor unit includes 1 bedroom, 1 full bathroom, and a dedicated kitchen
- Second‑floor unit offers 2 bedrooms, 1 full bathroom, and its own kitchen
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
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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 - Both apartments are occupied and include separate kitchens, with one- and two-bedroom layouts.
Where is this duplex located?
The property is located at 34 N FRAZIER Street 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 apartments currently occupied; First‑floor unit includes 1 bedroom, 1 full bathroom, and a dedicated kitchen; Second‑floor unit offers 2 bedrooms, 1 full bathroom, and its own kitchen
