2001 S NORWOOD STREET Philadelphia, PA 19145
Newly remodeled duplex in Philadelphia's West Passyunk neighborhood with tenants.
Property Features for 2001 S NORWOOD STREET
General Information
- Standard status
- Active
- Size
- 1,530 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing office Homestarr Realty (267) 242-9172
Listing date Apr 15, 2025
Source Exitrealty
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Investment Insights
Based on property information with market context.
Key Highlights
- Newly remodeled duplex featuring new plumbing, HVAC, roof, and flooring.
- Active Tax Abatement.
- Income‑producing property with tenants already in place.
Local 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 | $39.5k | $25.80 |
| − Vacancy | −$2.2k | −$1.42 |
| EGI | $37.3k | $24.38 |
| − OpEx | −$11.2k | −$7.31 |
| NOI | $26.1k | $17.06 |
