Duplex with Attached
For Sale
$329,999
1224 S 20TH Street, Philadelphia, PA 19146
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,440 SF
Lot Size0.02 Acres
Price / SF$229.17
Days on Market229
Property Features for 1224 S 20TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
1
Parking features
Garage - Attached, On Street, Driveway
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,440 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
2330
Utilities
Heating system
Forced Air
Amenities
private deck
attached garage
separately metered
Building Details
Year built
1920
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Real of Pennsylvania
(215) 367-5238
Listed By:
Harrisson Y. Li · License #RS377974
(267) 368-2788
Added: Dec 16, 2025
Changed: Jul 31
Last Checked: Aug 2 at 1:06PM
MLS# PAPH2567456
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 offers two separate, separately metered units with private deck features, plus basement access for the first-floor unit. The first-floor apartment is described as a well-kept two-bedroom, one-bath unit currently occupied. The second-floor apartment is described as a bright, spacious two-bedroom, one-bath unit with a private deck and ready for immediate occupancy. Both units are reported to operate on a month-to-month basis, which can support flexibility for investors or owner-occupants.
The property sits on a 0.0196-acre lot and includes a 1,440-square-foot structure built in 1920 with masonry construction and forced-air heating. Parking features include an attached garage, on-street parking, and a driveway.
The location is described as in the heart of Point Breeze with direct SEPTA bus access into Center City, along with walkable neighborhood amenities in the Washington Ave corridor. The property is sold in as-is condition.
The property sits on a 0.0196-acre lot and includes a 1,440-square-foot structure built in 1920 with masonry construction and forced-air heating. Parking features include an attached garage, on-street parking, and a driveway.
The location is described as in the heart of Point Breeze with direct SEPTA bus access into Center City, along with walkable neighborhood amenities in the Washington Ave corridor. The property is sold in as-is condition.
Key Highlights
- Two separately metered units on month‑to‑month terms
- First‑floor 2BR/1BA currently occupied; second‑floor 2BR/1BA ready for immediate occupancy
- Private decks for both units
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 | $37.2k | $25.80 |
| − Vacancy | −$2.0k | −$1.42 |
| EGI | $35.1k | $24.38 |
| − OpEx | −$10.5k | −$7.31 |
| NOI | $24.6k | $17.06 |
1,440 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$351.0K
$307.2K – $409.6K
NOI $24,573 @ 7.0% cap · market cap 7.45%
Second Best
Apartment 5plus
$323.6K
$283.1K – $377.5K
NOI $22,651 @ 7.0% cap · market cap 6.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,200
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
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 - Duplex with two separately metered units, private decks, and attached garage parking; first unit occupied and second ready.
Where is this duplex located?
The property is located at 1224 S 20TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $329,999.
What are key features of this property?
This property features: Two separately metered units on month‑to‑month terms; First‑floor 2BR/1BA currently occupied; second‑floor 2BR/1BA ready for immediate occupancy; Private decks for both units
