597 ADAMS Avenue, Philadelphia, PA 19120
MULTI_FAMILY - Other - PHILADELPHIA, PA
- Added:
- Jun 19, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 28 at 5:06 am
Property Features for 597 ADAMS Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,524 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3089
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air, Attic Fan, Ceiling Fan(s)
Building Details
- Year built
- 1955
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Alysha Brand License #RS343769 (215) 588-8086
Listing office Keller Williams Real Estate - Newtown 12 Terry Drive, Newtown, PA (215) 860-4200
Listing date Jun 19, 2026
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.
HighLights
- Two 1 bed, 1 bath units in a duplex layout (upstairs and downstairs)
- Upstairs unit includes its own side entrance
- Downstairs unit offers direct access to the back room with utilities for both units and a first‑floor washing machine
- Downstairs unit has direct access to the back yard
- Heating: forced air; Cooling: central air plus attic fan and ceiling fans
- 1955 construction with masonry exterior; parking available on street
Overview
The property is located in Philadelphia, close to public transportation and major roadways, which can support convenient commuting for tenants.
Both units are currently occupied. According to the seller, tenants are interested in remaining, though in-person tours are intended for serious buyers only due to differing tenant schedules. This configuration can fit buyers looking for a straightforward duplex setup with two 1/1 units, a shared utility space for the building, and direct access to the back yard from the first-floor unit.
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 | $25.4k | $16.68 |
| − Vacancy | −$1.8k | −$1.20 |
| EGI | $23.6k | $15.48 |
| − OpEx | −$7.1k | −$4.64 |
| NOI | $16.5k | $10.83 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1085264
- Latitude
- 40.0355872
