Renovated Duplex with Rental
For Sale
$550,000
79 E HIGH STREET, Philadelphia, PA 19144
Fully renovated duplex with one unit currently rented through PHA and a second four-bedroom unit available to lease.
Property Size2,470 SF
Lot Size0.16 Acres
Price / SF$222.67
Days on Market11
Property Features for 79 E HIGH STREET
General Information
Standard status
Active
Size
2,470 SF
Total Parking Spaces
2
Lot size
0.16 Acres
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
OCF Realty LLC - Philadelphia
(610) 973-9441
Listed By:
Darwin Laureano · License #RS356195
(610) 973-9441
Source:
Cummingsrealtors
Added: Jul 21
Changed: Jul 28
Last Checked: Jul 30 at 5:29AM
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 OCF Realty LLC - Philadelphia
Investment Insights
Based on property information with market context.
79 E High St in Germantown presents a fully renovated duplex configured as two separate units on a 0.16-acre lot. The property totals 2,470 square feet, with one unit already rented through PHA at $1,500 per month and the second unit a four-bedroom home that is currently vacant and ready for new tenancy.
The duplex also includes a two-car garage in the back. According to ownership, the parcel is zoned for a four-unit development, which may offer an additional route for value beyond the existing rental setup.
For a buyer seeking immediate occupancy in one unit while actively leasing the second, this layout provides a straightforward path to stabilize income once the vacant unit is filled.
The duplex also includes a two-car garage in the back. According to ownership, the parcel is zoned for a four-unit development, which may offer an additional route for value beyond the existing rental setup.
For a buyer seeking immediate occupancy in one unit while actively leasing the second, this layout provides a straightforward path to stabilize income once the vacant unit is filled.
Key Highlights
- Fully renovated duplex with 2,470 SF total on a 0.16‑acre lot (year built 1900)
- One unit is rented through PHA at $1,500/month
- Second unit is a vacant 4‑bedroom, ready for a new 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 | $63.7k | $25.80 |
| − Vacancy | −$3.5k | −$1.42 |
| EGI | $60.2k | $24.38 |
| − OpEx | −$18.1k | −$7.31 |
| NOI | $42.2k | $17.06 |
2,470 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$602.1K
$526.9K – $702.5K
NOI $42,150 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$555.0K
$485.7K – $647.5K
NOI $38,852 @ 7.0% cap · market cap 7.06%
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
1,490
Businesses Nearby
Explore this area
Business Placement
Demographics for 19144, PA
44,481
Population
23,583
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
12,356
Density / Sq Mi
$45,727
Median Household Income
$36,020
Median Earnings
$1,110
Median Rent
$224,600
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 - Fully renovated duplex with one unit currently rented through PHA and a second four-bedroom unit available to lease.
Where is this duplex located?
The property is located at 79 E HIGH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Fully renovated duplex with 2,470 SF total on a 0.16‑acre lot (year built 1900); One unit is rented through PHA at $1,500/month; Second unit is a vacant 4‑bedroom, ready for a new lease
