Masonry
New
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 Market5
Property Features for 118 S 46TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
On Street
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
(267) 546-1718
Added: Oct 2
Last Checked: Oct 6 at 7:06PM
MLS# PAPH2676878
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.
Built in 1925, this masonry duplex contains 2,600 square feet on a 0.0459-acre lot. Central air conditioning serves the property, and parking is available on the street.
The property is at 118 S 46th Street in Philadelphia, Pennsylvania. The seller also owns other real estate in the immediate area and would consider selling the properties together as a portfolio.
The property is at 118 S 46th Street in Philadelphia, Pennsylvania. The seller also owns other real estate in the immediate area and would consider selling the properties together as a portfolio.
Key Highlights
- 2,600 square feet of building area
- 0.0459‑acre lot
- Masonry construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,369
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$887,380
$887.4K
Cap Rate 7%
$633,843
$633.8K
Cap Rate 9%
$492,989
$493.0K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$67.1K $25.80/SF
− Vacancy
−$3.7K −$1.42/SF
EGI
$63.4K $24.38/SF
− OpEx
−$19.0K −$7.31/SF
NOI
$44.4K $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%
$887,380
Cap Rate 7%
$633,843
Cap Rate 9%
$492,989
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
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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
Check the figures for this property
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 - The duplex has masonry construction and central air conditioning.
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: 2,600 square feet of building area; 0.0459‑acre lot; Masonry construction
