Philadelphia Duplex For
1138 N 4TH Street Philadelphia, PA 19123
1138 N 4TH Street, Philadelphia, PA, 19123
$579,000
For Sale
$579,000
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,854 SF
Lot Size0.03 Acres
Price / SF$312.30
Days on Market1379
Property Features for 1138 N 4TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Standard status
- Active
- Size
- 1,854 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4873
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing Agency
Fred R Levine Real Estate
(215) 465-3733
1440 S 8th Street, Philadelphia, PA
Listed by
Fred R Levine · License #RB043558A
(215) 465-3733
Added: Oct 9, 2022 Checked: Jul 18 at 10:06 am
MLS# PAPH2168122
Listing URL
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 is a tenant-occupied duplex located in Philadelphia. The property features two apartments. Tenants are responsible for gas and electric utilities. Unit A is currently leased until May 31, 2025, with a monthly rent of $1400. Unit B's lease expires on July 31, 2024, and the monthly rent is $1700. The property size is 1854 square feet and the lot size is 0.0253 acres.
Key Highlights
- Currently generating $3100/month in rental income.
- Tenants pay for gas and electric.
- Unit A lease extends to 5/31/2025.
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 | $47.8k | $25.80 |
| − Vacancy | −$2.6k | −$1.42 |
| EGI | $45.2k | $24.38 |
| − OpEx | −$13.6k | −$7.31 |
| NOI | $31.6k | $17.06 |
1,854 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$452.0K
$395.5K – $527.3K
NOI $31,638 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$416.6K
$364.5K – $486.1K
NOI $29,163 @ 7.0% cap · market cap 5.04%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Tenant-occupied duplex in Philadelphia with leases in place.
Where is this duplex located?
The property is located at 1138 N 4TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Currently generating $3100/month in rental income.; Tenants pay for gas and electric.; Unit A lease extends to 5/31/2025.
