Philadelphia Duplex with Finished
1026 Levick Street Philadelphia, PA 19111
For Sale
$490,000
Two-unit property with finished basement, garages, and fenced yard.
Property Size2,400 SF
Price / SF$204.17
Days on Market141
Property Features for 1026 Levick Street
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1952
Listing Agency:
Alliance Real Estate
(215) 224-2101
Listed By:
Doreen Franklin-Burrows · License #RS297102
(215) 224-2101
Source:
Compass
Added: Mar 5
Changed: Jul 10
Last Checked: Jul 23 at 10:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alliance Real Estate
Investment Insights
Based on property information with market context.
This multifamily property in Philadelphia features two apartments with separate entrances, plus a shared walk-down to the laundry area in the full finished basement. The property includes two full garages, a fenced side yard, and a patio. The building offers a side entrance to the basement. The property is located within the 19111 MLS area, in the Philadelphia City School District. Nearby schools include Laura H Carnell School for elementary and middle school, and Samuel S. Fels High School. The property is sold in "As Is" condition, and the seller will not perform any repairs. The property size is 2400 square feet.
Key Highlights
- Full finished basement with side entrance
- Two‑car garage
- Apartment potential: Separate entrances to both apartments
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 | $47.5k | $19.80 |
| − Vacancy | −$1.5k | −$0.62 |
| EGI | $46.0k | $19.18 |
| − OpEx | −$13.8k | −$5.75 |
| NOI | $32.2k | $13.43 |
2,400 SF · lease $19.80/SF/yr · vacancy 3.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$460.3K
$402.8K – $537.1K
NOI $32,223 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$424.5K
$371.5K – $495.3K
NOI $29,716 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$727.7K
$636.7K – $848.9K
NOI $50,936 @ 7.0% cap · market cap 10.40%
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 - Two-unit property with finished basement, garages, and fenced yard.
Where is this duplex located?
The property is located at 1026 Levick Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Full finished basement with side entrance; Two‑car garage; Apartment potential: Separate entrances to both apartments
