Two-Unit Duplex
For Sale
$265,000
7317 E WALNUT LANE, Philadelphia, PA 19138
Well-maintained duplex with two 2-bedroom, 1-bath units, including a month-to-month tenant on the second floor.
Property Size1,320 SF
Price / SF$200.76
Days on Market10
Property Features for 7317 E WALNUT LANE
General Information
Standard status
Active
Size
1,320 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1950
Stories
2
Listing Agency:
Realty ONE Group Focus
(215) 868-0491
Listed By:
Lonnie Dexter Perry · License #RS365289
(215) 868-0491
Source:
Cummingsrealtors
Added: Jul 22
Changed: Jul 26
Last Checked: Jul 31 at 5:34AM
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 Realty ONE Group Focus
Investment Insights
Based on property information with market context.
This well-maintained duplex at 7317 E Walnut Lane features two separate units, each offering 2 bedrooms and 1 bathroom. The first-floor unit provides a spacious layout and natural lighting. The second-floor unit is currently tenant occupied on a month-to-month lease, creating immediate rental income while keeping flexibility for the future.
The property is located on a quiet, well-kept block with convenient access to public transportation, shopping and dining, as well as major roadways.
Overall, the duplex configuration supports straightforward owner-occupant or investment use, with two independently set up residential units and one unit already generating rental income on a month-to-month basis.
The property is located on a quiet, well-kept block with convenient access to public transportation, shopping and dining, as well as major roadways.
Overall, the duplex configuration supports straightforward owner-occupant or investment use, with two independently set up residential units and one unit already generating rental income on a month-to-month basis.
Key Highlights
- 1950‑built duplex with two units, each offering 2 bedrooms and 1 bathroom
- First‑floor unit available for owner occupancy or a new tenant
- Second‑floor unit is currently tenant occupied on a month‑to‑month lease
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 | $34.1k | $25.80 |
| − Vacancy | −$1.9k | −$1.42 |
| EGI | $32.2k | $24.38 |
| − OpEx | −$9.7k | −$7.31 |
| NOI | $22.5k | $17.06 |
1,320 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$321.8K
$281.6K – $375.4K
NOI $22,526 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$296.6K
$259.5K – $346.1K
NOI $20,763 @ 7.0% cap · market cap 7.84%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
969
Businesses Nearby
Explore this area
Business Placement
Demographics for 19138, PA
31,816
Population
13,836
Households
2.3
Avg Household Size
39
Median Age
18%
College-Educated
89%
High-School Grad
1.8 sq mi
ZIP Area
17,676
Density / Sq Mi
$51,586
Median Household Income
$36,956
Median Earnings
$1,172
Median Rent
$167,300
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 - Well-maintained duplex with two 2-bedroom, 1-bath units, including a month-to-month tenant on the second floor.
Where is this duplex located?
The property is located at 7317 E WALNUT LANE Philadelphia, PA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 1950‑built duplex with two units, each offering 2 bedrooms and 1 bathroom; First‑floor unit available for owner occupancy or a new tenant; Second‑floor unit is currently tenant occupied on a month‑to‑month lease
