Duplex Residential Income
For Sale
$585,000
118 S 46TH Street, Philadelphia, PA 19139
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,600 SF
Lot Size0.05 Acres
Price / SF$225
Days on Market135
Property Features for 118 S 46TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Appliances
Washer, Dryer
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,600 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5196
Utilities
Cooling system
Central Air
Building Details
Year built
1925
Number of units
2
Building materials
Masonry
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(215) 413-4900
Listed By:
Nadia T Bilynsky · License #RS311101
(215) 413-4900
Added: Mar 19
Changed: Jun 9
Last Checked: Jul 31 at 12:06AM
MLS# PAPH2596878
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 offering is a duplex residential income property listed for sale in Philadelphia, Pennsylvania. The building size is approximately 2,600 square feet, situated on a lot measuring about 0.0459 acres. The property is presented as a multifamily asset suitable for buyers seeking a smaller-scale residential income structure.
The address is 118 S 46TH Street, Philadelphia, PA 19139, in Philadelphia County. The seller indicates ownership of additional real estate in the same immediate area and would consider a portfolio sale. For details on the scope of any potential portfolio arrangement, buyers are directed to contact the broker.
From an operator and ownership standpoint, a duplex configuration can appeal to buyers looking for a manageable residential income format. Prospective purchasers should review the property directly and confirm all information relevant to occupancy, unit configuration, and operating requirements as part of their due diligence. With the possibility of a broader portfolio, this could also be considered by buyers building a small cluster in the immediate area, subject to broker discussions and seller terms.
The address is 118 S 46TH Street, Philadelphia, PA 19139, in Philadelphia County. The seller indicates ownership of additional real estate in the same immediate area and would consider a portfolio sale. For details on the scope of any potential portfolio arrangement, buyers are directed to contact the broker.
From an operator and ownership standpoint, a duplex configuration can appeal to buyers looking for a manageable residential income format. Prospective purchasers should review the property directly and confirm all information relevant to occupancy, unit configuration, and operating requirements as part of their due diligence. With the possibility of a broader portfolio, this could also be considered by buyers building a small cluster in the immediate area, subject to broker discussions and seller terms.
Key Highlights
- Masonry Construction ensures durability.
- Central Air Conditioning for year‑round comfort.
- Includes Washer and Dryer for added convenience.
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 | $67.1k | $25.80 |
| − Vacancy | −$3.7k | −$1.42 |
| EGI | $63.4k | $24.38 |
| − OpEx | −$19.0k | −$7.31 |
| NOI | $44.4k | $17.06 |
2,600 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$633.8K
$554.6K – $739.5K
NOI $44,369 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$584.2K
$511.2K – $681.6K
NOI $40,897 @ 7.0% cap · market cap 6.99%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,441
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex for sale in Philadelphia that provides a straightforward residential income asset opportunity.
Where is this duplex located?
The property is located at 118 S 46TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Masonry Construction ensures durability.; Central Air Conditioning for year‑round comfort.; Includes Washer and Dryer for added convenience.
