Fully Renovated Duplex with
For Sale
$415,000
4115 Brown Street, Philadelphia, PA 19104
Turnkey duplex is fully renovated and fully occupied, offering in-unit laundry and modern finishes in both apartments.
Property Size1,772 SF
Price / SF$234.20
Days on Market705
Property Features for 4115 Brown Street
General Information
Standard status
Active
Size
1,772 SF
Property subtype
Multi-Family / Fee Simple
Zoning
CMX2
Net Operating Income
$32,533
Site & Location
Neighborhood
Haverford North
Taxes and HOA fees
Annual Taxes
$5,902
Amenities
No
No Pool
Above Grade, Below Grade
Building Details
Year Built
1915
Listing Agency:
BHHS Fox & Roach-Center City Walnut
Listed By:
ERIC Andrew Dvotsky · License #rs332410
(267) 243-4652
Source:
Compass
Added: Nov 18, 2024
Changed: Oct 16
Last Checked: Oct 23 at 10:00AM
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 BHHS Fox & Roach-Center City Walnut
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Investment Insights
Based on property information with market context.
This fully renovated duplex is in excellent condition and is configured with two separate apartments, each featuring modern interior finishes. The updates include stainless steel appliances, hardwood-style flooring, tiled backsplashes, contemporary fixtures, and in-unit laundry in both units. Unit 1 is a 2-bedroom, 2-bath layout, and Unit 2 is a 3-bedroom, 3-bath layout. The building is currently fully occupied.
The property is located in Philadelphia’s Belmont neighborhood, positioned just minutes from Drexel University’s ongoing westward expansion and within the broader University City / Center City area. The surrounding area is also described as continuing to develop with residential and mixed-use projects.
The current income is $43,500 annually based on Unit 1 and Unit 2 rents as stated. The property also benefits from a tax abatement with approximately four years remaining, and one or both units include subsidized (PHA) rental income.
The property is located in Philadelphia’s Belmont neighborhood, positioned just minutes from Drexel University’s ongoing westward expansion and within the broader University City / Center City area. The surrounding area is also described as continuing to develop with residential and mixed-use projects.
The current income is $43,500 annually based on Unit 1 and Unit 2 rents as stated. The property also benefits from a tax abatement with approximately four years remaining, and one or both units include subsidized (PHA) rental income.
Key Highlights
- Fully renovated duplex built in 1915 with modern finishes in both apartments
- Fully occupied: Unit 1 is a 2BD/2BA rented for $1,635/month; Unit 2 is a 3BD/3BA rented for $1,910/month
- Total annual rental income of $43,500 from the two occupied units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,239
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,780
$604.8K
Cap Rate 7%
$431,986
$432.0K
Cap Rate 9%
$335,989
$336.0K
Market Conditions
NOI Build-Up for 1,772 SF
Gross rent
$45.7K $25.80/SF
− Vacancy
−$2.5K −$1.42/SF
EGI
$43.2K $24.38/SF
− OpEx
−$13.0K −$7.31/SF
NOI
$30.2K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,780
Cap Rate 7%
$431,986
Cap Rate 9%
$335,989
Alternative Uses
Best Use
Multifamily LT 5
$432.0K
$378.0K – $504.0K
NOI $30,239 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$398.2K
$348.4K – $464.6K
NOI $27,873 @ 7.0% cap · market cap 6.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,341
Businesses Nearby
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Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
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 - Turnkey duplex is fully renovated and fully occupied, offering in-unit laundry and modern finishes in both apartments.
Where is this duplex located?
The property is located at 4115 Brown Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Fully renovated duplex built in 1915 with modern finishes in both apartments; Fully occupied: Unit 1 is a 2BD/2BA rented for $1,635/month; Unit 2 is a 3BD/3BA rented for $1,910/month; Total annual rental income of $43,500 from the two occupied units
