Renovated Duplex with Rear
7320 Dicks Avenue Philadelphia, PA 19153
7320 Dicks Avenue, Philadelphia, PA, 19153
$249,900
Pending
For Sale
$249,900
Pending
Renovated two-level main home with three bedrooms plus a private one-bedroom rear apartment with separate entrance.
Property Size1,088 SF
Days on Market91
Property Features for 7320 Dicks Avenue
General Information
- Standard status
- Pending
- Size
- 1,088 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing agency
Mango & August Inc
(215) 485-8907
Listed by
Marisa A Mango · License #AB066448
(215) 485-8907
Source
Compass
Added: Apr 22 Updated: Jul 20 at 7:23PM Checked: Jul 21 at 6:07AM
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 Mango & August Inc
Investment Insights
Based on property information with market context.
This renovated duplex-style property features a two-level main residence with an open-concept layout, three bedrooms, and one full bathroom. The lower level has been converted into a private one-bedroom apartment with a private rear entrance.
Outside, the home includes a charming open front porch and a large covered rear deck with a finished ceiling.
The property is described as RM1 zoned and is located in the Elmwood Park section of Southwest Philadelphia, with proximity to Philadelphia International Airport, Center City, public transportation, and shopping.
Outside, the home includes a charming open front porch and a large covered rear deck with a finished ceiling.
The property is described as RM1 zoned and is located in the Elmwood Park section of Southwest Philadelphia, with proximity to Philadelphia International Airport, Center City, public transportation, and shopping.
Key Highlights
- Renovated RM1 zoned property with a 1925 build year in the Elmwood Park area of Southwest Philadelphia.
- Main residence offers a spacious two‑level layout with 3 bedrooms and 1 full bathroom.
- Lower level converted to a private 1‑bedroom apartment with a private rear entrance.
Local 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 | $28.1k | $25.80 |
| − Vacancy | −$1.5k | −$1.42 |
| EGI | $26.5k | $24.38 |
| − OpEx | −$8.0k | −$7.31 |
| NOI | $18.6k | $17.06 |
1,088 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$265.2K
$232.1K – $309.5K
NOI $18,567 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$244.5K
$213.9K – $285.2K
NOI $17,114 @ 7.0% cap · market cap 6.85%
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
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated two-level main home with three bedrooms plus a private one-bedroom rear apartment with separate entrance.
Where is this duplex located?
The property is located at 7320 Dicks Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Renovated RM1 zoned property with a 1925 build year in the Elmwood Park area of Southwest Philadelphia.; Main residence offers a spacious two‑level layout with 3 bedrooms and 1 full bathroom.; Lower level converted to a private 1‑bedroom apartment with a private rear entrance.
