Duplex with Two Renovated
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 Market20
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
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
Listed By:
Nadia T Bilynsky · License #RS311101
(215) 413-4900
Added: Oct 2
Changed: Oct 21
Last Checked: Oct 21 at 10:06PM
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.
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Investment Insights
Based on property information with market context.
This duplex contains two self-contained residences within 2,600 square feet. Each unit has three bedrooms and three bathrooms. Renovations included the kitchens, bathrooms, flooring, and building systems. Central air conditioning and electric baseboard heat serve the property, which was built in 1925.
The property is in Philadelphia, with the University of Pennsylvania, Drexel University, and Center City identified as nearby destinations. Parking is on street.
The property is in Philadelphia, with the University of Pennsylvania, Drexel University, and Center City identified as nearby destinations. Parking is on street.
Key Highlights
- Two self‑contained units, each with 3 bedrooms and 3 bathrooms
- 2,600 square feet of building area
- 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.
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Property Analytics
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Open Analytics
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Independent layouts pair updated interiors with central air conditioning.
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 self‑contained units, each with 3 bedrooms and 3 bathrooms; 2,600 square feet of building area; Renovated kitchens, bathrooms, flooring, and systems
