128 S 57TH Street, Philadelphia, PA 19139
MULTI_FAMILY - Other - PHILADELPHIA, PA
- Added:
- Oct 16, 2024
- Days on Market:
- 604
- Last Refresh:
- Jun 11 at 11:06 pm
Property Features for 128 S 57TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Interior features
- Floor Plan - Open, Kitchen - Eat-In, Recessed Lighting, Skylight(s)
- Standard status
- Active
- Size
- 1,216 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2057
Utilities
- Heating system
- Other (Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1925
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Chris Griswold License #RS299531 (267) 261-1711
Listing office EXP Realty, LLC 630 Freedom Business Ctr Drive unit: 300, Philadelphia, PA (888) 397-7352
Listing date Oct 16, 2024
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Income Potential: Zoned RM1, with a finished basement including a separate entrance, full kitchen, 1 bedroom, and full bathroom, ideal for rental (including Airbnb) or in‑law suite.
- Duplex Structure: Features a 3‑bedroom unit and a separate 1‑bedroom unit, offering flexibility for living arrangements or rental income.
- Potential Roof Deck: Includes an additional staircase leading to the roof, providing an opportunity to create a roof deck.
- Updated Interior: Boasts updated hardwood floors, updated paint throughout, recessed lighting, and a rustic fireplace.
- Spacious Eat‑In Kitchen: Features ample cabinet and counter space, perfect for cooking and dining.
- Convenient Location: Situated near Chestnut Street, approximately 15 minutes from University City, and close to dining, schools, and grocery options.
Overview
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.2355804
- Latitude
- 39.9590645
