Renovated Duplex
546 South Salford Street Philadelphia, PA 19143
For Sale
$174,900
Turn-key renovated duplex with two separately metered units, one tenant-occupied and one vacant.
Property Size1,025 SF
Price / SF$170.63
Days on Market568
Property Features for 546 South Salford Street
General Information
- Standard status
- Active
- Size
- 1,025 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing Agency:
Luxe Real Estate LLC
(215) 251-7519
Listed By:
Michelle Phillips · License #RB0031247
(215) 251-7519
Source:
Compass
Added: Jan 3, 2025
Changed: Jul 21
Last Checked: Jul 24 at 12:39PM
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 Luxe Real Estate LLC
Investment Insights
Based on property information with market context.
546 South Salford Street is a renovated duplex featuring two updated units with separate utility metering. The first-floor unit is rented and includes brand-new flooring, an updated kitchen with sleek countertops, a chic backsplash, and newer appliances, as well as a renovated bathroom with tile work, a tub/shower combination, tiled flooring, and a contemporary vanity. The second-floor unit is vacant and offers a modern updated kitchen and bathroom with stylish finishes throughout.
The property is located in Philadelphia’s Cobbs Creek area (MLS Area 19143), with access to public transportation and nearby retail and dining options.
As an income-oriented residential property, the duplex provides two separate units with individual metering, supporting straightforward utility responsibility for occupants.
The property is located in Philadelphia’s Cobbs Creek area (MLS Area 19143), with access to public transportation and nearby retail and dining options.
As an income-oriented residential property, the duplex provides two separate units with individual metering, supporting straightforward utility responsibility for occupants.
Key Highlights
- Renovated 1925 duplex at 546 S. Salford Street in Philadelphia’s Cobbs Creek neighborhood
- Two units with separate meters; one tenant‑occupied and the second‑floor unit is vacant
- First‑floor unit is rented for $974 and includes brand‑new flooring and updated kitchen with newer appliances
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 | $17.1k | $16.68 |
| − Vacancy | −$1.2k | −$1.20 |
| EGI | $15.9k | $15.48 |
| − OpEx | −$4.8k | −$4.64 |
| NOI | $11.1k | $10.83 |
1,025 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$158.6K
$138.8K – $185.1K
NOI $11,104 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$141.1K
$123.5K – $164.6K
NOI $9,876 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$351.3K
$307.4K – $409.9K
NOI $24,592 @ 7.0% cap · market cap 14.06%
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 - Turn-key renovated duplex with two separately metered units, one tenant-occupied and one vacant.
Where is this duplex located?
The property is located at 546 South Salford Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Renovated 1925 duplex at 546 S. Salford Street in Philadelphia’s Cobbs Creek neighborhood; Two units with separate meters; one tenant‑occupied and the second‑floor unit is vacant; First‑floor unit is rented for $974 and includes brand‑new flooring and updated kitchen with newer appliances
