Renovated Duplex with In-Unit
For Sale
$289,000
916 W SOMERSET STREET, Philadelphia, PA 19133
Separate one- and two-bedroom residences feature updated interiors and individual washers and dryers.
Property Size1,084 SF
Days on Market13
Property Features for 916 W SOMERSET STREET
General Information
Standard status
Active
Size
1,084 SF
Property subtype
Duplex
Site & Location
Neighborhood
Kensington
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$32,400
Taxes and HOA fees
Annual Taxes
$2,683
Amenities
central heating and cooling
in-unit washer/dryer
exposed brick
Building Details
Building Size
1,084 SF
Year Built
1920
Listing Agency:
Keller Williams Main Line
Listed By:
Starr Smith · License #1859517111111
(267) 252-1455
Source:
Patmckennarealtors
Added: Oct 12
Changed: Oct 21
Last Checked: Oct 23 at 1:09PM
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 Keller Williams Main Line
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1920, this 1,084-square-foot duplex contains two renovated residences: one with 1 bedroom and 1 bathroom, and another with 2 bedrooms and 1 bathroom. Both have updated kitchens and bathrooms, contemporary flooring, central heating and cooling, and in-unit laundry. Exposed brick adds a period detail to the interiors. One unit is vacant, and the property is Section 8 approved.
Public transportation, shopping, and major roadways are identified as nearby conveniences.
Public transportation, shopping, and major roadways are identified as nearby conveniences.
Key Highlights
- Two units: one with 1 bedroom and 1 bathroom; the other with 2 bedrooms and 1 bathroom
- 1,084 square feet; built in 1920
- Both residences have in‑unit washers and dryers, central heating and cooling, and updated kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,498
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,960
$370.0K
Cap Rate 7%
$264,257
$264.3K
Cap Rate 9%
$205,533
$205.5K
Market Conditions
NOI Build-Up for 1,084 SF
Gross rent
$28.0K $25.80/SF
− Vacancy
−$1.5K −$1.42/SF
EGI
$26.4K $24.38/SF
− OpEx
−$7.9K −$7.31/SF
NOI
$18.5K $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 Rate 5%
$369,960
Cap Rate 7%
$264,257
Cap Rate 9%
$205,533
Alternative Uses
Best Use
Multifamily LT 5
$264.3K
$231.2K – $308.3K
NOI $18,498 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$243.6K
$213.1K – $284.2K
NOI $17,051 @ 7.0% cap · market cap 5.90%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,229
Businesses Nearby
Explore this area
Business Placement
Demographics for 19133, PA
24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate one- and two-bedroom residences feature updated interiors and individual washers and dryers.
Where is this duplex located?
The property is located at 916 W SOMERSET STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Two units: one with 1 bedroom and 1 bathroom; the other with 2 bedrooms and 1 bathroom; 1,084 square feet; built in 1920; Both residences have in‑unit washers and dryers, central heating and cooling, and updated kitchens and bathrooms
