1013 N LEITHGOW Street Philadelphia, PA 19123
MULTI_FAMILY - PHILADELPHIA, PA
Property Features for 1013 N LEITHGOW Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Standard status
- Active
- Size
- 1,440 SF
- Lot size
- 0.01 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5723
Utilities
- Heating system
- Hot Water(Heating)
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Masonry
Listing agent Beverly E Kessler-Rosa License #RM050680A (215) 985-4855
Listing office Tara Management Services Inc 1502 South Street, PHILADELPHIA, PA (215) 985-4855
Listing date Jul 8, 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.
Investment Insights
Based on property information with market context.
The asset is located in historic Northern Liberties in Philadelphia. Unit A is accessed from Leithgow Street, while Unit B is accessed through the courtyard via a side easement that runs parallel to both units.
Unit A is currently being handled as a rehab/redevelopment project due to the started demolition. Unit B was occupied through June 2026, which may support future planning for an owner-operator or investor looking to update one unit while evaluating the overall duplex configuration after rehab. The separate electric and gas metering can also help simplify how utilities are allocated once the units are brought back into service.
Key Highlights
- Masonry duplex/tri‑plex configuration built in 1920 with hot water heating
- 1013 North Leithgow: Unit A demolition started; being sold as‑is
- Unit A and Unit B share a similar layout: lower‑level kitchens, first‑floor entry, 2nd‑floor bedroom and bath, 3rd‑floor primary bedroom
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 | $37.2k | $25.80 |
| − Vacancy | −$2.0k | −$1.42 |
| EGI | $35.1k | $24.38 |
| − OpEx | −$10.5k | −$7.31 |
| NOI | $24.6k | $17.06 |
