Legal Duplex with Roof
1235 E BERKS STREET Philadelphia, PA 19125
For Sale
$399,900
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,790 SF
Price / SF$223.41
Days on Market102
Property Features for 1235 E BERKS STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Townhouse
- Bedrooms
- 3
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3
- Standard status
- Active
- Size
- 1,790 SF
Building Details
- Year built
- 1915
Listing Agency:
BHHS Fox & Roach Center City-Society Hill
(215) 627-6005
Listed By:
Kristen Shemesh · License #RS313262
(215) 290-6953
Added: Apr 14
Changed: Jul 23
Last Checked: Jul 24 at 5:06AM
MLS# PAPH2602612
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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 legal duplex features two separate units with distinct layouts. The first-floor unit is a 1-bedroom, 1-bath apartment with access to a full basement and private outdoor space. The second unit is a bi-level 2-bedroom, 1.5-bath residence that includes storage, in-unit laundry, and a private roof deck.
The property is located in Philadelphia and is described as being in the Fishtown area, minutes from I-95 and within walking distance of the Market-Frankford El. The seller reports a rental license for 2 legal units.
While updates and improvements would benefit the property, the existing configuration provides flexible living arrangements between the two apartments, supported by the basement access on the first level and the in-unit laundry and outdoor features for the second unit.
The property is located in Philadelphia and is described as being in the Fishtown area, minutes from I-95 and within walking distance of the Market-Frankford El. The seller reports a rental license for 2 legal units.
While updates and improvements would benefit the property, the existing configuration provides flexible living arrangements between the two apartments, supported by the basement access on the first level and the in-unit laundry and outdoor features for the second unit.
Key Highlights
- Legal duplex built in 1915 with 2 rental units
- 1st‑floor unit: 1 bed, 1 bath, with access to a full basement and private outdoor space
- 2nd unit: bi‑level 2 beds, 1.5 baths, with in‑unit laundry, storage, and a private roof deck
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 | $46.2k | $25.80 |
| − Vacancy | −$2.5k | −$1.42 |
| EGI | $43.6k | $24.38 |
| − OpEx | −$13.1k | −$7.31 |
| NOI | $30.5k | $17.06 |
1,790 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$436.4K
$381.8K – $509.1K
NOI $30,546 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$402.2K
$352.0K – $469.3K
NOI $28,156 @ 7.0% cap · market cap 7.04%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Legal two-unit duplex offering a 1-bedroom first floor and a bi-level 2-bedroom with roof deck.
Where is this duplex located?
The property is located at 1235 E BERKS STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Legal duplex built in 1915 with 2 rental units; 1st‑floor unit: 1 bed, 1 bath, with access to a full basement and private outdoor space; 2nd unit: bi‑level 2 beds, 1.5 baths, with in‑unit laundry, storage, and a private roof deck
