Philadelphia Duplex with Rental
128 S 57TH Street Philadelphia, PA 19139
For Sale
$289,900
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,216 SF
Lot Size0.03 Acres
Price / SF$238.40
Days on Market651
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 Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Chris Griswold · License #RS299531
(267) 261-1711
Added: Oct 16, 2024
Changed: Jun 9
Last Checked: Jul 28 at 7:06PM
MLS# PAPH2410966
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.
Investment Insights
Based on property information with market context.
This well-maintained duplex is located right off Chestnut Street. The property features a 1-bedroom unit on the lower level and a 3-bedroom unit above. The home has high ceilings, a rustic fireplace, updated hardwood floors, updated paint, and recessed lighting. The dining room connects to a large kitchen with ample cabinet and counter space, suitable for eat-in dining. Off the kitchen, there is a mud room area with space for a washer and dryer. A back door leads to a backyard suitable for outdoor activities. Upstairs, there are three large bedrooms and a tiled bathroom. An additional staircase leads to the roof, offering the potential to create a roof deck. The finished basement is set up as a 1-bedroom rental unit with a separate entrance, a full kitchen, and a tiled full bathroom. Zoned RM1, the basement can be used as a rental, Airbnb, or in-law suite. The property is located approximately 15 minutes from University City. The lot size is 0.025 acres, and the property size is 1216 square feet.
Key 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.
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 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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex near Chestnut Street with a finished basement.
Where is this duplex located?
The property is located at 128 S 57TH Street 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: 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.
