Renovated
For Sale
$585,000
122 S 46TH STREET, Philadelphia, PA 19139
Two independent residences each offer three bedrooms and three bathrooms.
Property Size2,600 SF
Days on Market9
Property Features for 122 S 46TH STREET
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,196
Building Details
Building Size
2,600 SF
Year Built
1925
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Nadia T Bilynsky · License #RS311101
(215) 413-4900
Source:
Patmckennarealtors
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 10 at 12:15AM
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 Mallin Panchelli Nadel Realty Inc
Investment Insights
Based on property information with market context.
This 2,600-square-foot duplex contains two self-contained units, each configured with three bedrooms and three bathrooms. Renovations include updated kitchens, bathrooms, flooring, and building systems. The property was built in 1925.
The Philadelphia property is near the University of Pennsylvania, Drexel University, and Center City. The seller also has other properties for sale nearby and may consider a package transaction.
The Philadelphia property is near the University of Pennsylvania, Drexel University, and Center City. The seller also has other properties for sale nearby and may consider a package transaction.
Key Highlights
- Two units, each with 3 bedrooms and 3 bathrooms
- 2,600 square feet
- Renovated kitchens, bathrooms, flooring, and systems
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
Lease Details
2
Residential units
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 - Two independent residences each offer three bedrooms and three bathrooms.
Where is this duplex located?
The property is located at 122 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: Two units, each with 3 bedrooms and 3 bathrooms; 2,600 square feet; Renovated kitchens, bathrooms, flooring, and systems
