Duplex with Finished Basement
128 South 57th Street Philadelphia, PA 19139
128 South 57th Street, Philadelphia, PA, 19139
$314,900
For Sale
$314,900
Well-maintained duplex features a finished basement with a separate entrance and full kitchen, plus updated interior finishes.
Property Size1,216 SF
Price / SF$258.96
Days on Market676
Property Features for 128 South 57th Street
General Information
- Standard status
- Active
- Size
- 1,216 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing agency
EXP Realty, LLC
(267) 261-1711
Listed by
Chris Griswold · License #RS299531
(267) 261-1711
Source
Compass
Added: Sep 15, 2024 Updated: Jul 21 at 2:46AM Checked: Jul 21 at 7:00AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This well-maintained duplex includes a 1-bedroom unit on the lower level and 3-bedroom space in the main portion of the property. Interior highlights described in the listing include high ceilings, a rustic fireplace, updated hardwood floors, updated paint, and recessed lighting. The dining area connects to a large kitchen with ample cabinet and counter space, and there is a setup for a mud room with room for a washer and dryer. A back door leads to a backyard.
The upstairs level is described as having three large bedrooms and a tiled bathroom, along with an additional staircase that leads up to the roof, allowing for the potential creation of a roof deck. The basement is finished and set up for a 1-bedroom rental, including a separate entrance, a full kitchen, and a tiled full bathroom.
The property is listed as zoned RM1, providing flexibility for use of the basement level as indicated by the listing.
The upstairs level is described as having three large bedrooms and a tiled bathroom, along with an additional staircase that leads up to the roof, allowing for the potential creation of a roof deck. The basement is finished and set up for a 1-bedroom rental, including a separate entrance, a full kitchen, and a tiled full bathroom.
The property is listed as zoned RM1, providing flexibility for use of the basement level as indicated by the listing.
Key Highlights
- Well‑maintained duplex with a finished basement set up as a 1‑bedroom rental, with a separate entrance
- Interior features include open floor plan, eat‑in kitchen, recessed lighting, skylight(s), and updated hardwood floors and paint
- 1 bedroom unit on the lower level plus 3 bedroom units on the upper level
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 | $31.4k | $25.80 |
| − Vacancy | −$1.7k | −$1.42 |
| EGI | $29.6k | $24.38 |
| − OpEx | −$8.9k | −$7.31 |
| NOI | $20.8k | $17.06 |
1,216 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$296.4K
$259.4K – $345.9K
NOI $20,751 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$273.2K
$239.1K – $318.8K
NOI $19,127 @ 7.0% cap · market cap 6.07%
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
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FAQs
What type of property is this?
Duplex - Well-maintained duplex features a finished basement with a separate entrance and full kitchen, plus updated interior finishes.
Where is this duplex located?
The property is located at 128 South 57th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Well‑maintained duplex with a finished basement set up as a 1‑bedroom rental, with a separate entrance; Interior features include open floor plan, eat‑in kitchen, recessed lighting, skylight(s), and updated hardwood floors and paint; 1 bedroom unit on the lower level plus 3 bedroom units on the upper level
