Renovated
New
For Sale
$585,000
122 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 122 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
Heating system
Electric (Heating), Baseboard
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
(267) 546-1718
Added: Oct 2
Last Checked: Oct 6 at 7:06PM
MLS# PAPH2676902
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 contains two independent units, each with three bedrooms and three bathrooms. The 2,600-square-foot property was built in 1925 and has undergone renovations that included kitchens, bathrooms, flooring, and building systems. Heating is electric with baseboard distribution, and the building has central air conditioning.
The property occupies a 0.0459-acre lot at 122 S 46th Street in Philadelphia, Pennsylvania. Parking is available on the street.
The property occupies a 0.0459-acre lot at 122 S 46th Street in Philadelphia, Pennsylvania. Parking is available on the street.
Key Highlights
- Two units, each with 3 bedrooms and 3 bathrooms
- 2,600 square feet on a 0.0459‑acre lot
- Renovations include 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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two self-contained residences offer three-bedroom, three-bathroom layouts, with central air conditioning and electric baseboard heat.
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 on a 0.0459‑acre lot; Renovations include kitchens, bathrooms, flooring, and systems
