Renovated Duplex with Separate
For Sale
$489,900
2440-42 S 9TH Street, Philadelphia, PA 19148
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,700 SF
Lot Size0.02 Acres
Price / SF$181.44
Days on Market58
Property Features for 2440-42 S 9TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,700 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
5464
Utilities
Heating system
Forced Air
Building Details
Year built
1925
Number of units
2
Building materials
Masonry
Listing Agency:
Triamond Realty
(267) 243-5317
Listed By:
Suqing Fan · License #RS304225
(267) 243-1892
Added: Jun 5
Changed: Jul 27
Last Checked: Aug 1 at 3:06PM
MLS# PAPH2625108
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 fully renovated duplex includes two separate residential units, each arranged with three bedrooms and two full bathrooms. The first-floor unit was renovated with brand-new electrical wiring, new plumbing, new drywall, new windows, and a fully remodeled kitchen and two bathrooms. The second-floor unit was renovated approximately 5–6 years ago and has been well maintained.
The property is configured with separate electric and gas utilities for each unit, supporting straightforward tenant billing and day-to-day management. The units are presented in move-in ready condition with modern updates and low-maintenance improvements.
Comprising a well-maintained double structure on a compact lot, the home offers an efficient layout for either owner-occupancy or rental use. Some photos may be virtually staged for buyer reference.
The property is configured with separate electric and gas utilities for each unit, supporting straightforward tenant billing and day-to-day management. The units are presented in move-in ready condition with modern updates and low-maintenance improvements.
Comprising a well-maintained double structure on a compact lot, the home offers an efficient layout for either owner-occupancy or rental use. Some photos may be virtually staged for buyer reference.
Key Highlights
- 1925‑built masonry double property with approximately 2,700 SF of living space
- Two units, each with a 3‑bedroom and 2 full‑bath layout
- First‑floor unit fully renovated with new electrical wiring, plumbing, drywall, windows, and remodeled kitchen and 2 bathrooms
Financial Insights For Apartment 5plus
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 | $82.0k | $30.36 |
| − Vacancy | −$4.8k | −$1.76 |
| EGI | $77.2k | $28.60 |
| − OpEx | −$34.7k | −$12.87 |
| NOI | $42.5k | $15.73 |
2,700 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$658.2K
$575.9K – $767.9K
NOI $46,075 @ 7.0% cap · market cap 9.40%
Second Best
Apartment 5plus
$606.7K
$530.9K – $707.8K
NOI $42,470 @ 7.0% cap · market cap 8.67%
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
3,102
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
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 - Renovated duplex offering two units with separate electric and gas utilities for easier operation.
Where is this duplex located?
The property is located at 2440-42 S 9TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: 1925‑built masonry double property with approximately 2,700 SF of living space; Two units, each with a 3‑bedroom and 2 full‑bath layout; First‑floor unit fully renovated with new electrical wiring, plumbing, drywall, windows, and remodeled kitchen and 2 bathrooms
