Three-Story Bi-Level
1506 W PORTER Street Philadelphia, PA 19145
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property size:
2,116 SFLot size:
0.02 AcresPrice / SF:
$198/SF- Added:
- May 20, 2026
- Days on Market:
- 52
- Last Refresh:
- Jul 10 at 12:06 pm
Property Features for 1506 W PORTER Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Appliances
- Washer, Dryer
- Standard status
- Active
- Size
- 2,116 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5024
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Grace G DeGregorio License #RS278275 (215) 460-5147
Listing office Alpha Realty Group 1700 W Moyamensing Avenue, PHILADELPHIA, PA (215) 463-0777
Listing date May 20, 2026
MLS# PAPH2622808
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 three-story duplex contains two bi-level one-bedroom units with bright, spacious layouts and separate entrances. Unit 1 includes a full finished basement and a rear yard, while Unit 2 has been fully remodeled, with walls, paint, and rugs refreshed in 2026. The property features an indoor common area porch shared by both units, and both units have central air and washer/dryer hookups. The entire duplex was rehabbed approximately in 2010, with newer roof and rebuilt front steps noted as part of the upkeep. Each unit has its own utility setup, supporting true separation.
The property is located at 1506 W Porter Street in Philadelphia, PA 19145. It is described as being steps to the Broad Street Line and within walking distance to Passyunk Ave, Marconi Park, and nearby stadiums. Public remarks also reference several nearby dining options, including Heavy Metal Sausage, Homegrown Coffee, L’Angolo, and Scannicchio’s BYOBs.
Designed to accommodate either an owner-occupant or a rental-focused buyer, this duplex offers flexibility with a live-in option in one unit and rental income from the other. With separate utilities, in-unit laundry, and recent updates to Unit 2, the layout supports straightforward day-to-day operation. The remarks also mention a possible third-floor roof deck concept for Unit 2.
The property is located at 1506 W Porter Street in Philadelphia, PA 19145. It is described as being steps to the Broad Street Line and within walking distance to Passyunk Ave, Marconi Park, and nearby stadiums. Public remarks also reference several nearby dining options, including Heavy Metal Sausage, Homegrown Coffee, L’Angolo, and Scannicchio’s BYOBs.
Designed to accommodate either an owner-occupant or a rental-focused buyer, this duplex offers flexibility with a live-in option in one unit and rental income from the other. With separate utilities, in-unit laundry, and recent updates to Unit 2, the layout supports straightforward day-to-day operation. The remarks also mention a possible third-floor roof deck concept for Unit 2.
Key Highlights
- Income‑producing duplex in a desirable location.
- Two bi‑level 1‑bedroom units with modern finishes and separate entrances.
- Unit 1 includes a full finished basement and rear yard.
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 | $54.6k | $25.80 |
| − Vacancy | −$3.0k | −$1.42 |
| EGI | $51.6k | $24.38 |
| − OpEx | −$15.5k | −$7.31 |
| NOI | $36.1k | $17.06 |
2,116 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$515.8K
$451.4K – $601.8K
NOI $36,109 @ 7.0% cap · market cap 8.60%
Second Best
Apartment 5plus
$475.5K
$416.1K – $554.7K
NOI $33,284 @ 7.0% cap · market cap 7.93%
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
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FAQs
What type of property is this?
Duplex - Turn-key duplex with two bi-level 1-bedroom units, central air, separate utilities, and in-unit washer/dryer.
Where is this duplex located?
The property is located at 1506 W PORTER Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Income‑producing duplex in a desirable location.; Two bi‑level 1‑bedroom units with modern finishes and separate entrances.; Unit 1 includes a full finished basement and rear yard.
