Turnkey Duplex with Separate
721 South 17th Street Philadelphia, PA 19146
For Sale
$769,000
Fully renovated duplex with two residences, separately metered utilities, and in-unit laundry for both units.
Property Size1,900 SF
Price / SF$404.74
Days on Market56
Property Features for 721 South 17th Street
General Information
- Standard status
- Active
- Size
- 1,900 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing Agency:
KW Empower
(215) 375-4538
Listed By:
James Price · License #RS321600
(215) 375-4538
Source:
Compass
Added: May 29
Changed: Jul 21
Last Checked: Jul 23 at 10:24AM
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 KW Empower
Investment Insights
Based on property information with market context.
721 S. 17th Street is a fully renovated, turnkey duplex with two distinct residences and separately metered utilities, allowing each unit to pay its own gas and electric expenses. Unit 1 is a one-bedroom, one-bath home with private laundry, abundant basement storage, and an expansive rear yard. Unit 2 is a bright bi-level layout with two bedrooms and one-and-a-half baths, featuring an open-concept main level with an eat-in kitchen, granite countertops, generous cabinetry, and a dishwasher.
Both units include in-unit washer and dryer sets. Unit 2 also offers an oversized primary suite with a walk-in closet and second-floor laundry. The current tenant in Unit 2 has agreed to vacate within 45 days.
Additional opportunities may exist for future improvements, including the possibility of expanding the second full bathroom area and potential roof-deck potential based on the existing third-floor landing configuration. The property is positioned one block from South Street and within a less-than-10-minute walk to Rittenhouse Square Park.
Both units include in-unit washer and dryer sets. Unit 2 also offers an oversized primary suite with a walk-in closet and second-floor laundry. The current tenant in Unit 2 has agreed to vacate within 45 days.
Additional opportunities may exist for future improvements, including the possibility of expanding the second full bathroom area and potential roof-deck potential based on the existing third-floor landing configuration. The property is positioned one block from South Street and within a less-than-10-minute walk to Rittenhouse Square Park.
Key Highlights
- Fully renovated duplex in Graduate Hospital with 2 residences and in‑unit laundry (washer and dryer) in both units
- Unit 1: 1 bed, 1 bath, private laundry, leased at $2,040/month; tenant pays all utilities except water
- Unit 2: bi‑level with 2 bedrooms and 1.5 baths; leased at $2,500/month
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 | $49.0k | $25.80 |
| − Vacancy | −$2.7k | −$1.42 |
| EGI | $46.3k | $24.38 |
| − OpEx | −$13.9k | −$7.31 |
| NOI | $32.4k | $17.06 |
1,900 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$463.2K
$405.3K – $540.4K
NOI $32,423 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$426.9K
$373.6K – $498.1K
NOI $29,886 @ 7.0% cap · market cap 3.89%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully renovated duplex with two residences, separately metered utilities, and in-unit laundry for both units.
Where is this duplex located?
The property is located at 721 South 17th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Fully renovated duplex in Graduate Hospital with 2 residences and in‑unit laundry (washer and dryer) in both units; Unit 1: 1 bed, 1 bath, private laundry, leased at $2,040/month; tenant pays all utilities except water; Unit 2: bi‑level with 2 bedrooms and 1.5 baths; leased at $2,500/month
