Updated Two-Unit Duplex
For Sale
Under Contract
$485,000
10602 COWDEN Street, Philadelphia, PA 19116
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,784 SF
Lot Size0.78 Acres
Price / SF$271.86
Days on Market98
Property Features for 10602 COWDEN Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
Driveway
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active Under Contract
Size
1,784 SF
Lot size
0.78 Acres
Taxes and HOA fees
Tax Annual Amount
6326
Utilities
Heating system
Other (Heating), Forced Air
Cooling system
Wall Unit(s)
Building Details
Year built
1960
Number of units
2
Building materials
Brick
Listing Agency:
Rubicon Realty Group LLC
(215) 396-3322
Listed By:
Irina Vilk · License #RM423423
(267) 918-5555
Added: Apr 28
Changed: Jul 2
Last Checked: Aug 3 at 3:06AM
MLS# PAPH2610826
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit duplex includes two separate residences, each offering two bedrooms and one bathroom. Kitchens and bathrooms have been updated, and each unit has its own Lenox heating unit plus a tankless water heater. Washer/dryer hookups are located in the basement and are included as-is. Both units will be delivered empty, giving the purchaser flexibility for immediate occupancy or targeted renovation choices. The property also features a generous backyard with a grilling area and a shed, and the roof has recently been treated and sealed.
The home is situated on a quiet one-way street in Philadelphia, with shopping and public transportation reportedly nearby. Per public records, the property is zoned Duplex Two Family, though there are noted inconsistencies in how it has been treated by some city agencies.
With both units having similar layouts and independent systems, the duplex can be a straightforward fit for investors seeking steady rental income or buyers who want to house family or close friends while offsetting mortgage expenses. The updated interiors support tenants from day one, while the outdoor space and shed add practical value for day-to-day living.
The home is situated on a quiet one-way street in Philadelphia, with shopping and public transportation reportedly nearby. Per public records, the property is zoned Duplex Two Family, though there are noted inconsistencies in how it has been treated by some city agencies.
With both units having similar layouts and independent systems, the duplex can be a straightforward fit for investors seeking steady rental income or buyers who want to house family or close friends while offsetting mortgage expenses. The updated interiors support tenants from day one, while the outdoor space and shed add practical value for day-to-day living.
Key Highlights
- Brick two‑family property built in 1960, zoned as a duplex two family per Public Records
- Each unit has 2 bedrooms and 1 bath, with updated kitchens and bathrooms
- Two separate Lenox heating units plus forced air heating and wall unit cooling
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 | $46.0k | $25.80 |
| − Vacancy | −$2.5k | −$1.42 |
| EGI | $43.5k | $24.38 |
| − OpEx | −$13.0k | −$7.31 |
| NOI | $30.4k | $17.06 |
1,784 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$434.9K
$380.6K – $507.4K
NOI $30,444 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$400.9K
$350.8K – $467.7K
NOI $28,061 @ 7.0% cap · market cap 5.79%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
Explore this area
Business Placement
Demographics for 19116, PA
35,610
Population
14,166
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,848
Density / Sq Mi
$67,558
Median Household Income
$43,817
Median Earnings
$1,214
Median Rent
$321,400
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 - Two-bedroom, updated kitchens and baths across both units, with separate heating and tankless water for flexible occupancy.
Where is this duplex located?
The property is located at 10602 COWDEN Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Brick two‑family property built in 1960, zoned as a duplex two family per Public Records; Each unit has 2 bedrooms and 1 bath, with updated kitchens and bathrooms; Two separate Lenox heating units plus forced air heating and wall unit cooling
