Duplex With Finished
For Sale
$289,900
128 S 57TH ST, Philadelphia, PA 19139
RM1-zoned property with updated interiors, a backyard, and separate basement access.
Property Size1,216 SF
Price / SF$238.40
Days on Market69
Property Features for 128 S 57TH ST
General Information
Standard status
Active
Size
1,216 SF
Property subtype
Multi-Family
Zoning
RM1
Additional Details
Furnished
No
Amenities
rustic fireplace
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Chris Griswold · License #RS299531
(267) 261-1711
Source:
Palmerharned
Added: Aug 15
Changed: Oct 5
Last Checked: Oct 20 at 7:59PM
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
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Investment Insights
Based on property information with market context.
This 1925-built duplex includes a one-bedroom lower-level unit and a three-bedroom upper-level unit. Interior features include high ceilings, a rustic fireplace, hardwood flooring, updated paint, recessed lighting, and a tiled bathroom. The main living area connects to a spacious kitchen with substantial cabinetry and counter space, while a mudroom provides room for laundry equipment. A rear door opens to the backyard.
The finished basement is configured with a separate entrance, one bedroom, a full kitchen, and a tiled full bathroom. The property is identified as RM1-zoned, and the source information describes the lower-level space as suitable for rental use, an in-law suite, or Airbnb. The property is approximately 15 minutes from University City and is near dining, grocery, and school options.
The finished basement is configured with a separate entrance, one bedroom, a full kitchen, and a tiled full bathroom. The property is identified as RM1-zoned, and the source information describes the lower-level space as suitable for rental use, an in-law suite, or Airbnb. The property is approximately 15 minutes from University City and is near dining, grocery, and school options.
Key Highlights
- Duplex with one‑bedroom lower‑level and three‑bedroom upper‑level units
- Finished basement with separate entrance, one bedroom, full kitchen, and full bathroom
- RM1 zoning supports the property’s described residential configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,751
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,020
$415.0K
Cap Rate 7%
$296,443
$296.4K
Cap Rate 9%
$230,567
$230.6K
Market Conditions
NOI Build-Up for 1,216 SF
Gross rent
$31.4K $25.80/SF
− Vacancy
−$1.7K −$1.42/SF
EGI
$29.6K $24.38/SF
− OpEx
−$8.9K −$7.31/SF
NOI
$20.8K $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%
$415,020
Cap Rate 7%
$296,443
Cap Rate 9%
$230,567
Alternative Uses
Best Use
Multifamily LT 5
$296.4K
$259.4K – $345.9K
NOI $20,751 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$273.2K
$239.1K – $318.8K
NOI $19,127 @ 7.0% cap · market cap 6.60%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,294
Businesses Nearby
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Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
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 - RM1-zoned property with updated interiors, a backyard, and separate basement access.
Where is this duplex located?
The property is located at 128 S 57TH ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Duplex with one‑bedroom lower‑level and three‑bedroom upper‑level units; Finished basement with separate entrance, one bedroom, full kitchen, and full bathroom; RM1 zoning supports the property’s described residential configuration
