Occupied Duplex with Hardwood
For Sale
$245,000
1163 South Cleveland Street, Philadelphia, PA 19146
Two residential units offer kitchens, bedrooms, and access to a rear yard or basement.
Property Size1,086 SF
Price / SF$225.60
Days on Market306
Property Features for 1163 South Cleveland Street
General Information
Standard status
Active
Size
1,086 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RSA5
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,375
Amenities
No
No Pool
Building Details
Year Built
1920
Listing Agency:
Real of Pennsylvania
Listed By:
Traci Madison · License #AB069842
(302) 275-7575
Source:
Compass
Added: Dec 8, 2025
Changed: Oct 10
Last Checked: Oct 10 at 12:02AM
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 Real of Pennsylvania
Investment Insights
Based on property information with market context.
This 1920-built duplex contains 1,086 square feet across two residential units and is fully occupied. The first-floor unit includes hardwood flooring, a bright bedroom, a large kitchen, rear-yard access, and entry to the basement. The second-floor unit also features hardwood flooring, a spacious kitchen, and a generously sized main bedroom with natural light.
The property is located at 1163 S Cleveland Street in Philadelphia’s Point Breeze area and is zoned RSA5. Included appliances comprise two refrigerators, two stoves, one washer, and one dryer. Additional interior finishes include ceramic tile, with electric and natural gas service identified in the property information.
The property is located at 1163 S Cleveland Street in Philadelphia’s Point Breeze area and is zoned RSA5. Included appliances comprise two refrigerators, two stoves, one washer, and one dryer. Additional interior finishes include ceramic tile, with electric and natural gas service identified in the property information.
Key Highlights
- 1,086 SF duplex built in 1920
- Two‑unit property identified as fully occupied
- RSA5 zoning at 1163 S Cleveland Street, Philadelphia, PA 19146
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,532
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,640
$370.6K
Cap Rate 7%
$264,743
$264.7K
Cap Rate 9%
$205,911
$205.9K
Market Conditions
NOI Build-Up for 1,086 SF
Gross rent
$28.0K $25.80/SF
− Vacancy
−$1.5K −$1.42/SF
EGI
$26.5K $24.38/SF
− OpEx
−$7.9K −$7.31/SF
NOI
$18.5K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,640
Cap Rate 7%
$264,743
Cap Rate 9%
$205,911
Alternative Uses
Best Use
Multifamily LT 5
$264.7K
$231.7K – $308.9K
NOI $18,532 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$244.0K
$213.5K – $284.7K
NOI $17,082 @ 7.0% cap · market cap 6.97%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer kitchens, bedrooms, and access to a rear yard or basement.
Where is this duplex located?
The property is located at 1163 South Cleveland Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 1,086 SF duplex built in 1920; Two‑unit property identified as fully occupied; RSA5 zoning at 1163 S Cleveland Street, Philadelphia, PA 19146
