Duplex Residential Income
5106 PENN Street Philadelphia, PA 19124
5106 PENN Street, Philadelphia, PA, 19124
$199,900
For Sale
$199,900
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,416 SF
Lot Size0.03 Acres
Price / SF$141.17
Days on Market166
Property Features for 5106 PENN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,416 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2722
Utilities
- Heating system
- Forced Air
- Cooling system
- Ceiling Fan(s)
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing Agency
RE/MAX Select Group
(215) 335-6900
9237 Frankford Avenue, Philadelphia, PA
Listed by
Marco A Troche · License #AB069365
(267) 255-8132
Added: Feb 2 Checked: Jul 18 at 10:06 am
MLS# PAPH2580082
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 for-sale duplex residential income property includes two units within a single building on a 0.03-acre lot. The total property size is listed as 1,416 square feet, offering a straightforward two-unit configuration suitable for either an investor or an owner-occupant looking to offset living expenses with rent.
The property is located at 5106 Penn Street in Philadelphia, PA 19124, in Northeast Philadelphia. Public remarks note proximity to local amenities and shops along Frankford Avenue, as well as access to transit.
For investors, a duplex can be a practical addition to a rental portfolio because it supports two separate household uses under one roof. For buyers who want to live in the property, the two-unit layout provides an opportunity to occupy one unit while renting the other. As with any rental property, prospective buyers should confirm unit details, current occupancy, and condition during due diligence.
The property is located at 5106 Penn Street in Philadelphia, PA 19124, in Northeast Philadelphia. Public remarks note proximity to local amenities and shops along Frankford Avenue, as well as access to transit.
For investors, a duplex can be a practical addition to a rental portfolio because it supports two separate household uses under one roof. For buyers who want to live in the property, the two-unit layout provides an opportunity to occupy one unit while renting the other. As with any rental property, prospective buyers should confirm unit details, current occupancy, and condition during due diligence.
Key Highlights
- Duplex: Live in one unit and rent the other.
- Investment Potential: Ideal for rental portfolio addition.
- High‑Demand Location: Strong demand for affordable housing.
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 | $28.0k | $19.80 |
| − Vacancy | −$2.0k | −$1.39 |
| EGI | $26.1k | $18.41 |
| − OpEx | −$7.8k | −$5.52 |
| NOI | $18.2k | $12.89 |
1,416 SF · lease $19.80/SF/yr · vacancy 7.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$260.7K
$228.1K – $304.1K
NOI $18,246 @ 7.0% cap · market cap 9.13%
Second Best
Apartment 5plus
$239.8K
$209.9K – $279.8K
NOI $16,789 @ 7.0% cap · market cap 8.40%
Theoretical Best
Specialty Retail
$814.5K
$712.7K – $950.3K
NOI $57,015 @ 7.0% cap · market cap 28.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit duplex offers rental income flexibility, with a live-in option in Northeast Philadelphia.
Where is this duplex located?
The property is located at 5106 PENN Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Duplex: Live in one unit and rent the other.; Investment Potential: Ideal for rental portfolio addition.; High‑Demand Location: Strong demand for affordable housing.
