Philadelphia Duplex Investment
For Sale
$224,000
34 N FRAZIER Street, Philadelphia, PA 19139
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,020 SF
Lot Size0.02 Acres
Price / SF$219.61
Days on Market197
Property Features for 34 N FRAZIER Street
General Information
Property type
Residential Multi Family
Property subtype
Other
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: Jun 9
Last Checked: Jul 31 at 10:06PM
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.
Investment Insights
Based on property information with market context.
This multi-family duplex, located at 34 N Frazier in Philadelphia, presents an investment opportunity. The property includes two units, both of which are currently occupied and generating a combined monthly income of $1,790. Unit 1, situated on the first floor, features one bedroom, one full bathroom, and a kitchen. Unit 2, located on the second floor, offers two bedrooms, one full bathroom, and a kitchen. The property was fully renovated with permits in 2017, including updates to the plumbing, electrical, and HVAC systems. The property size is 1,020 square feet and the lot size is 0.022 acres.
Key Highlights
- Turn‑key investment property generating $1,790 monthly income.
- Multi‑family duplex with two separate units.
- Fully renovated in 2017 with permits (plumbing, electric, HVAC).
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 | $26.3k | $25.80 |
| − Vacancy | −$1.5k | −$1.42 |
| EGI | $24.9k | $24.38 |
| − OpEx | −$7.5k | −$7.31 |
| NOI | $17.4k | $17.06 |
1,020 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,294
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Turn-key duplex in Philadelphia generating $1,790 monthly income.
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: Turn‑key investment property generating $1,790 monthly income.; Multi‑family duplex with two separate units.; Fully renovated in 2017 with permits (plumbing, electric, HVAC).
