Renovated Duplex in University
For Sale
$585,000
122 S 46TH Street, Philadelphia, PA 19139
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,600 SF
Price / SF$225
Days on Market135
Property Features for 122 S 46TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
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
Taxes and HOA fees
Tax Annual Amount
5196
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1925
Number of units
2
Building materials
Mixed
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 29
Last Checked: Jul 31 at 11:06AM
MLS# PAPH2596914
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 duplex is located in University City and features two large, renovated units, each with 3 bedrooms and 3 bathrooms. The units are self-contained and feature new kitchens, bathrooms, flooring, and systems. The property is situated in close proximity to Upenn, Drexel, and center city. It is suitable for both investors and owner-occupants. The property size is 2600 square feet.
Key Highlights
- Duplex built in 1925 with mixed construction materials
- Two self‑contained units, each with 3 bedrooms and 3 bathrooms
- Fully renovated units with new kitchens and bathrooms
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
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
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 - Fully renovated duplex near Upenn and Drexel, ideal for investors.
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: Duplex built in 1925 with mixed construction materials; Two self‑contained units, each with 3 bedrooms and 3 bathrooms; Fully renovated units with new kitchens and bathrooms
