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Renovated Duplex in University City

122 S 46TH Street Philadelphia, PA 19139

122 S 46TH Street, Philadelphia, PA, 19139
$585,000
For Sale
Claim this Listing
$585,000

MULTI_FAMILY - PHILADELPHIA, PA

Property Size2,600 SF
Price / SF$225
AddedMar 19
Days on Market119
Last RefreshJul 15 at 7:06 am

Property Features for 122 S 46TH Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Standard status
Active
Size
2,600 SF

Taxes and HOA fees

Tax Annual Amount
5196

Utilities

Heating system
Baseboard, Electric (Heating)
Cooling system
Central Air

Building Details

Year built
1925
Number of units
2
Building materials
Mixed

Listing agent Nadia T Bilynsky License #RS311101

Listing office Mallin Panchelli Nadel Realty Inc 1601 Walnut Street unit: 900, Philadelphia, PA

Listing date Mar 19, 2026

MLS# PAPH2596914 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 duplex is located in University City and features two large, renovated units, each with 3 bedrooms and 3 bathrooms. The units are self-contained and feature new kitchens, bathrooms, flooring, and systems. The property is situated in close proximity to Upenn, Drexel, and center city. It is suitable for both investors and owner-occupants. The property size is 2600 square feet.

Key Highlights

  • Duplex built in 1925 with central air and electric baseboard heating
  • 2 large units with 3 bed and 3 bath configuration
  • Both units reportedly fully renovated with new kitchens, bathrooms, flooring, and systems

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
2,600 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$633.8K
$554.6K – $739.5K (±1% cap)
NOI $44,369 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$584.2K
$511.2K – $681.6K (±1% cap)
NOI $40,897 @ 7.0% cap · market cap 6.99%
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

Suggested Use

Law Firm Building Supply HVAC Service Electrical Service Real Estate Agency (Bike/Boat/Book/etc) Store Carpet & Flooring Store Acupuncture Florist Pet Grooming Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Fully renovated duplex near Upenn and Drexel, ideal for investors.
Where is this duplex located?
The property is located at 122 S 46TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Duplex built in 1925 with central air and electric baseboard heating; 2 large units with 3 bed and 3 bath configuration; Both units reportedly fully renovated with new kitchens, bathrooms, flooring, and systems
Contact an agent
More about this property
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