Fully Renovated Duplex with
4115 BROWN STREET Philadelphia, PA 19104
For Sale
$415,000
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 Market474
Property Features for 4115 BROWN STREET
General Information
- Standard status
- Active
- Size
- 1,772 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1915
Listing Agency:
BHHS Fox & Roach-Center City Walnut
(267) 243-4652
Listed By:
ERIC A Dvotsky · License #rs332410
(267) 243-4652
Source:
Exitrealty
Added: Apr 8, 2025
Changed: Jul 20
Last Checked: Jul 24 at 8:27AM
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
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 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 | $45.7k | $25.80 |
| − Vacancy | −$2.5k | −$1.42 |
| EGI | $43.2k | $24.38 |
| − OpEx | −$13.0k | −$7.31 |
| NOI | $30.2k | $17.06 |
1,772 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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
