Fully Occupied Point Breeze
For Sale
$299,900
1163 S CLEVELAND Street, Philadelphia, PA 19146
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,086 SF
Lot Size0.02 Acres
Price / SF$276.15
Days on Market214
Property Features for 1163 S CLEVELAND Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,086 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
4375
Utilities
Heating system
Baseboard, Forced Air, Electric (Heating)
Building Details
Year built
1920
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Madison Real Estate Inc. DBA MRE Residential Inc.
(302) 836-0600
Listed By:
Traci Madison · License #RM424596
(302) 275-7575
Added: Dec 31, 2025
Changed: Jul 13
Last Checked: Aug 2 at 7:06PM
MLS# PAPH2570050
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 fully occupied duplex is located in the Point Breeze area. The first-floor unit, currently renting for $1,100, features hardwood flooring, a spacious bedroom with sunlight exposure, a large kitchen, access to the rear yard, and basement access. The second-floor unit, currently renting for $1,000, also features hardwood flooring, a spacious kitchen, and a large main bedroom with sunlight exposure. The property size is 1,086 square feet and the lot size is 0.0161 acres.
Key Highlights
- Fully occupied duplex with first‑floor unit rent listed at $1,100/month and second‑floor unit rent listed at $1,000/month
- Two residential units in the Point Breeze area, built in 1920
- Masonry construction
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 | $25.80 |
| − Vacancy | −$1.5k | −$1.42 |
| EGI | $26.5k | $24.38 |
| − OpEx | −$7.9k | −$7.31 |
| NOI | $18.5k | $17.06 |
1,086 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$264.7K
$231.7K – $308.9K
NOI $18,532 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$244.0K
$213.5K – $284.7K
NOI $17,082 @ 7.0% cap · market cap 5.70%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,572
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Point Breeze, Philadelphia. Great investment opportunity.
Where is this duplex located?
The property is located at 1163 S CLEVELAND Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Fully occupied duplex with first‑floor unit rent listed at $1,100/month and second‑floor unit rent listed at $1,000/month; Two residential units in the Point Breeze area, built in 1920; Masonry construction
