Two-Unit Multifamily
124 S 46th St Philadelphia, PA 19139
For Sale
$450,000
Built in 1925, this two-unit multifamily property offers RM1 zoning and a total building size of 2,600 SF.
Property Size2,600 SF
Price / SF$173.08
Days on Market30
Property Features for 124 S 46th St
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1925
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(267) 546-1718
Listed By:
Nadia Bilynsky · License #RS311101
Source:
Mpnrealty
Added: Jun 25
Changed: Jul 22
Last Checked: Jul 24 at 6:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mallin Panchelli Nadel Realty Inc
Investment Insights
Based on property information with market context.
Introducing 124 S 46th St, a two-unit multifamily property built in 1925. The building totals 2,600 SF and is positioned for investors evaluating mid-rise residential income opportunities.
The property is zoned RM1. It is listed for sale as a multifamily acquisition within the Philadelphia market.
This offering includes two separate units within a single, solidly constructed residential income building.
The property is zoned RM1. It is listed for sale as a multifamily acquisition within the Philadelphia market.
This offering includes two separate units within a single, solidly constructed residential income building.
Key Highlights
- Two‑unit multifamily building built in 1925
- Total building size of 2,600 SF
- Zoned RM1
Financial Insights For Apartment 5plus
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 | $78.9k | $30.36 |
| − Vacancy | −$4.6k | −$1.76 |
| EGI | $74.4k | $28.60 |
| − OpEx | −$33.5k | −$12.87 |
| NOI | $40.9k | $15.73 |
2,600 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$633.8K
$554.6K – $739.5K
NOI $44,369 @ 7.0% cap · market cap 9.86%
Second Best
Apartment 5plus
$584.2K
$511.2K – $681.6K
NOI $40,897 @ 7.0% cap · market cap 9.09%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Built in 1925, this two-unit multifamily property offers RM1 zoning and a total building size of 2,600 SF.
Where is this duplex located?
The property is located at 124 S 46th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit multifamily building built in 1925; Total building size of 2,600 SF; Zoned RM1
