Renovated Duplex with Separate
New
For Sale
$269,900
343 N 60TH Street, Philadelphia, PA 19139
Multi-Family, PHILADELPHIA, PA
Property Size1,160 SF
Lot Size0.02 Acres
Price / SF$232.67
Days on Market2
Property Features for 343 N 60TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Interior features
Upgraded Countertops, Recessed Lighting, Kitchen - Island, Kitchen - Gourmet, Breakfast Area
Appliances
Dishwasher, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer/Dryer Hookups Only
Subdivision
HADDINGTON
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,160 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
1857
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1920
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Keller Williams Real Estate-Doylestown · Keller Williams Realty
(215) 340-5700
Listed By:
Kimberley A Porter · License #RS281553
(267) 249-4991
Added: Sep 2
Last Checked: Sep 3 at 2:06PM
MLS# PAPH2664470
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 1920 masonry duplex contains 1,160 square feet across two apartments. The first-floor residence has an open living and kitchen arrangement with custom cabinetry, a peninsula, laundry hookup, full bathroom, bedroom, and finished basement with an additional half bathroom. The basement also provides bonus space and outdoor access. The upper apartment includes a kitchen, laundry hookups, full bathroom with an operable skylight, and a naturally bright bedroom.
Separate electric utilities and mechanical systems serve the two units, allowing service to the second-floor systems without entering the first-floor basement. Shared entry features include motion-sensor lighting. Interior improvements include upgraded countertops, recessed lighting, island and breakfast-area features, stainless steel appliances, and central air with forced-air heat. On-street parking is available.
The property is located at 343 N 60th Street in Philadelphia's Haddington neighborhood, with access to Center City Philadelphia, University City, and the Main Line. It is grandfathered in zoning as a duplex.
Separate electric utilities and mechanical systems serve the two units, allowing service to the second-floor systems without entering the first-floor basement. Shared entry features include motion-sensor lighting. Interior improvements include upgraded countertops, recessed lighting, island and breakfast-area features, stainless steel appliances, and central air with forced-air heat. On-street parking is available.
The property is located at 343 N 60th Street in Philadelphia's Haddington neighborhood, with access to Center City Philadelphia, University City, and the Main Line. It is grandfathered in zoning as a duplex.
Key Highlights
- 1,160‑square‑foot duplex with two apartments
- Separate electric utilities and mechanical systems for each unit
- First‑floor apartment includes a finished basement and additional half bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,795
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$395,900
$395.9K
Cap Rate 7%
$282,786
$282.8K
Cap Rate 9%
$219,944
$219.9K
Market Conditions
NOI Build-Up for 1,160 SF
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.
Gross rent
$29.9K $25.80/SF
− Vacancy
−$1.6K −$1.42/SF
EGI
$28.3K $24.38/SF
− OpEx
−$8.5K −$7.31/SF
NOI
$19.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$395,900
Cap Rate 7%
$282,786
Cap Rate 9%
$219,944
Alternative Uses
Best Use
Multifamily LT 5
$282.8K
$247.4K – $329.9K
NOI $19,795 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$260.7K
$228.1K – $304.1K
NOI $18,246 @ 7.0% cap · market cap 6.76%
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
Location Intelligence
Trade Area within ½ mile
1,745
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
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property with distinct electric and mechanical systems, flexible layouts, and finished lower-level space.
Where is this duplex located?
The property is located at 343 N 60TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 1,160‑square‑foot duplex with two apartments; Separate electric utilities and mechanical systems for each unit; First‑floor apartment includes a finished basement and additional half bathroom
