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Income-Producing Duplex in Prime Location

1506 West Porter Street, Philadelphia, PA 19145

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For Sale

$429,900

Well-maintained duplex with modern finishes in a desirable neighborhood.

Type:Multi-Family / Fee Simple

Property size:

2,116 SF

Price / SF:

$203/SF

HighLights

Income‑producing duplex in a desirable neighborhood, offering the option to live in one unit and rent the other.
Two spacious bi‑level 1‑bedroom units with modern finishes and separate entrances.
Unit 1 features a full finished basement and rear yard; Unit 2 was fully remodeled in 2026.
Excellent location: steps to Broad Street Line and popular dining spots, short walk to Passyunk Ave, Marconi Park and Stadiums.
Separate utilities, central air, and washer/dryer in both units.
Turnkey property with newer roof and rebuilt front steps; entire property rehabbed approx. 2010, 2nd unit fully refurbished 2026.

We can help!

Listing Contact

Grace G DeGregorio

Learn more

For Sale

$429,900

Well-maintained duplex with modern finishes in a desirable neighborhood.

Type:Multi-Family / Fee Simple

Property size:

2,116 SF

Price / SF:

$203/SF

Added:: May 15, 2026
Days on Market:: 31
Last Refresh:: May 15 at 11:17 pm

Property Features for 1506 West Porter Street

General Information

Standard status: Active
Size: 2,116 SF
Property subtype: Multi-Family / Fee Simple

Building Details

Year Built: 1920

We can help!

Listing Contact

Grace G DeGregorio

Listing agent Grace G DeGregorio License #RS278275

Listing office Alpha Realty Group

Listing date May 15, 2026

Source Compass

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 Alpha Realty Group

HighLights

Income‑producing duplex in a desirable neighborhood, offering the option to live in one unit and rent the other.
Two spacious bi‑level 1‑bedroom units with modern finishes and separate entrances.
Unit 1 features a full finished basement and rear yard; Unit 2 was fully remodeled in 2026.
Excellent location: steps to Broad Street Line and popular dining spots, short walk to Passyunk Ave, Marconi Park and Stadiums.
Separate utilities, central air, and washer/dryer in both units.
Turnkey property with newer roof and rebuilt front steps; entire property rehabbed approx. 2010, 2nd unit fully refurbished 2026.

Overview

This three-story duplex presents a rare opportunity for investors or owner-occupants. Located in a sought-after neighborhood, the property features two luxuriously sized bi-level one-bedroom units, each with separate entrances. Unit 1 includes a full finished basement and rear yard. Unit 2 has been fully remodeled in 2026 and offers the possibility of building a roof deck on the third floor. An indoor common area porch serves both units. The layouts are bright and spacious, offering city views and modern finishes. Both units are equipped with central air, as well as a washer and dryer. The entire property was rehabbed approximately in 2010, with the second unit fully refurbished in 2026. The property is well-maintained and turn-key, with separate utilities. Newer roof and rebuilt front steps add to the property's appeal. Situated on a desirable block, the duplex is steps away from the Broad Street Line and popular dining spots such as Heavy Metal Sausage, Homegrown Coffee, L’Angolo, and Scannicchio’s BYOB's. It is also a short walk to Passyunk Ave, Marconi Park, and Stadiums. The property size is 2116 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$54.6k	$25.80
− Vacancy	−$3.0k	−$1.42
EGI	$51.6k	$24.38
− OpEx	−$15.5k	−$7.31
NOI	$36.1k	$17.06

2,116 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$515.8K

$451.4K – $601.8K (±1% cap)

NOI $36,109 @ 7.0% cap · market cap 8.40%

Second Best

Apartment 5plus

$475.5K

$416.1K – $554.7K (±1% cap)

NOI $33,284 @ 7.0% cap · market cap 7.74%

Theoretical Best

—

same as Best Use

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Philadelphia
County: Delaware
State: Pennsylvania
Longitude: -75.17278
Latitude: 39.919495

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For sale
Duplexes
PA
Philadelphia
19145
1506 West Porter Street

What type of property is this?

Duplex - Well-maintained duplex with modern finishes in a desirable neighborhood.

Where is this duplex located?

The property is located at 1506 West Porter Street Philadelphia, PA.

What is the asking price?

The asking price for this property is $429,900.

What are key features of this property?

This property features: Income‑producing duplex in a desirable neighborhood, offering the option to live in one unit and rent the other.; Two spacious bi‑level 1‑bedroom units with modern finishes and separate entrances.; Unit 1 features a full finished basement and rear yard; Unit 2 was fully remodeled in 2026.