Renovation-Needed
2554 S SHERIDAN Street Philadelphia, PA 19148
For Sale
$239,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,305 SF
Lot Size0.02 Acres
Price / SF$183.14
Days on Market54
Property Features for 2554 S SHERIDAN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,305 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3183
Utilities
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Brick, Vinyl Siding
Listing Agency:
Liberty Real Estate
(215) 625-4725
Listed By:
Xuemei Li · License #RS346389
(484) 714-2488
Added: Jun 1
Changed: Jun 9
Last Checked: Jul 24 at 3:06AM
MLS# PAPH2628632
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 consists of two separate residential units, and each unit features a functional 2-bedroom, 1-bathroom layout. The property is currently described as requiring renovation, with an emphasis on having solid bones. The overall opportunity is centered on updating the asset while working with an established two-unit floor plan.
The property is located at 2554 S Sheridan Street in Philadelphia, PA 19148, positioned on a quiet block in the South Philadelphia area. It is a residential income property offering a compact footprint, suitable for buyers seeking a duplex format in an established part of the city.
For owner-occupants, the layout supports a house-hack approach with one unit occupied while the other unit can be rented. For investors, the two-unit structure provides a clear rental configuration, with both units sharing the same core 2-bedroom, 1-bath format. Given the stated need for renovation, this is best suited for buyers prepared to complete improvements and tailor finishes and repairs to their plan.
The property is located at 2554 S Sheridan Street in Philadelphia, PA 19148, positioned on a quiet block in the South Philadelphia area. It is a residential income property offering a compact footprint, suitable for buyers seeking a duplex format in an established part of the city.
For owner-occupants, the layout supports a house-hack approach with one unit occupied while the other unit can be rented. For investors, the two-unit structure provides a clear rental configuration, with both units sharing the same core 2-bedroom, 1-bath format. Given the stated need for renovation, this is best suited for buyers prepared to complete improvements and tailor finishes and repairs to their plan.
Key Highlights
- Duplex built in 1920 with brick and vinyl siding exterior
- Both units feature a 2‑bedroom, 1‑bath layout
- Forced‑air heating and window unit cooling
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 | $39.6k | $30.36 |
| − Vacancy | −$2.3k | −$1.76 |
| EGI | $37.3k | $28.60 |
| − OpEx | −$16.8k | −$12.87 |
| NOI | $20.5k | $15.73 |
1,305 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$318.1K
$278.4K – $371.2K
NOI $22,270 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$293.2K
$256.6K – $342.1K
NOI $20,527 @ 7.0% cap · market cap 8.59%
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
FAQs
What type of property is this?
Duplex - Duplex with two 2-bedroom, 1-bath units, offering a straightforward live-in or rental configuration pending renovation.
Where is this duplex located?
The property is located at 2554 S SHERIDAN Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Duplex built in 1920 with brick and vinyl siding exterior; Both units feature a 2‑bedroom, 1‑bath layout; Forced‑air heating and window unit cooling
