Two-Unit Multifamily
For Sale
$450,000
124 S 46th St, Philadelphia, PA 19139
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 Market129
Property Features for 124 S 46th St
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Multifamily
Zoning
RM1
Site & Location
Neighborhood
Walnut Hill
Additional Details
Multifamily Units
2
Building Details
Building Size
2,600 SF
Year Built
1925
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Nadia Bilynsky · License #RS311101
(267) 546-1718
Source:
Mpnrealty
Added: Jun 25
Changed: Oct 25
Last Checked: Oct 30 at 1:13PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$40,897
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,940
$817.9K
Cap Rate 7%
$584,243
$584.2K
Cap Rate 9%
$454,411
$454.4K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$78.9K $30.36/SF
− Vacancy
−$4.6K −$1.76/SF
EGI
$74.4K $28.60/SF
− OpEx
−$33.5K −$12.87/SF
NOI
$40.9K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,940
Cap Rate 7%
$584,243
Cap Rate 9%
$454,411
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,441
Businesses Nearby
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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 - 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
