Two-Unit Duplex with Central
For Sale
$345,000
1259 S 46TH STREET, Philadelphia, PA 19143
Both residences have independent HVAC systems, including central air, plus separate gas, electric, and hot-water service.
Property Size1,600 SF
Days on Market27
Property Features for 1259 S 46TH STREET
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Duplex
Occupancy
100%
Site & Location
Neighborhood
Southwest Philadelphia
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,029
Amenities
central air
washer/dryer
rear deck
front porch
Building Details
Building Size
1,600 SF
Year Built
1930
Buildings
1
Tenancy
Multi
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Jeffrey Block · License #AB065556
(215) 833-7088
Source:
Patmckennarealtors
Added: Sep 28
Changed: Oct 23
Last Checked: Oct 23 at 4:21PM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
This 1930 duplex contains two renovated residences, each configured with 2 bedrooms and 1 bathroom. The building has been rewired, and each unit has separate gas, electric, hot-water, and HVAC systems, including central air. The upper unit features a west-facing bay window, rear deck, and washer and dryer. The lower unit has an updated kitchen, marble-tile bath, laundry, and access to the rear yard. A shared porch serves the front entrance, and the basement has been cleaned and parged.
The property is in University City, within walking distance of Penn, CHOP, HUP, Clark Park, the Schuylkill River Trail, and businesses along Baltimore Avenue. SEPTA options are nearby, with access to I-76 and Center City by car or bike.
The property is in University City, within walking distance of Penn, CHOP, HUP, Clark Park, the Schuylkill River Trail, and businesses along Baltimore Avenue. SEPTA options are nearby, with access to I-76 and Center City by car or bike.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- Separate gas, electric, hot‑water, and HVAC systems; central air in each unit
- Upper unit includes a west‑facing bay window, rear deck, and washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,333
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,660
$346.7K
Cap Rate 7%
$247,614
$247.6K
Cap Rate 9%
$192,589
$192.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$26.7K $16.68/SF
− Vacancy
−$1.9K −$1.20/SF
EGI
$24.8K $15.48/SF
− OpEx
−$7.4K −$4.64/SF
NOI
$17.3K $10.83/SF
Area
ZIP 19143
Vacancy
7.22%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,660
Cap Rate 7%
$247,614
Cap Rate 9%
$192,589
Alternative Uses
Best Use
Multifamily LT 5
$247.6K
$216.7K – $288.9K
NOI $17,333 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$220.2K
$192.7K – $257.0K
NOI $15,417 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$548.4K
$479.9K – $639.8K
NOI $38,388 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,113
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have independent HVAC systems, including central air, plus separate gas, electric, and hot-water service.
Where is this duplex located?
The property is located at 1259 S 46TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; Separate gas, electric, hot‑water, and HVAC systems; central air in each unit; Upper unit includes a west‑facing bay window, rear deck, and washer and dryer
