118 S 46TH Street Philadelphia, PA 19139
MULTI_FAMILY - PHILADELPHIA, PA
Property Features for 118 S 46TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Appliances
- Washer, Dryer
- Standard status
- Active
- Size
- 2,600 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5196
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1925
- Number of units
- 2
- Building materials
- Masonry
Listing agent Nadia T Bilynsky License #RS311101 (215) 413-4900
Listing office Mallin Panchelli Nadel Realty Inc 1601 Walnut Street unit: 900, Philadelphia, PA (215) 413-4900
Listing date Mar 19, 2026
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.
The address is 118 S 46TH Street, Philadelphia, PA 19139, in Philadelphia County. The seller indicates ownership of additional real estate in the same immediate area and would consider a portfolio sale. For details on the scope of any potential portfolio arrangement, buyers are directed to contact the broker.
From an operator and ownership standpoint, a duplex configuration can appeal to buyers looking for a manageable residential income format. Prospective purchasers should review the property directly and confirm all information relevant to occupancy, unit configuration, and operating requirements as part of their due diligence. With the possibility of a broader portfolio, this could also be considered by buyers building a small cluster in the immediate area, subject to broker discussions and seller terms.
Key Highlights
- Masonry Construction ensures durability.
- Central Air Conditioning for year‑round comfort.
- Includes Washer and Dryer for added convenience.
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 | $67.1k | $25.80 |
| − Vacancy | −$3.7k | −$1.42 |
| EGI | $63.4k | $24.38 |
| − OpEx | −$19.0k | −$7.31 |
| NOI | $44.4k | $17.06 |
