Occupied Duplex with Basement
For Sale
$235,000
Pending
3139 North 23rd Street, Philadelphia, PA 19132
Duplex with a first-floor 1-bedroom and second-floor 2-bedroom unit, plus basement office/storage space accessible two ways.
Property Size1,196 SF
Days on Market141
Property Features for 3139 North 23rd Street
General Information
Standard status
Pending
Size
1,196 SF
Property subtype
Multi-Family / Fee Simple
Additional Details
Multifamily Units
2
Building Details
Year Built
1940
Listing Agency:
LPT Realty, LLC
(215) 273-3669
Listed By:
Maria Maria Quattrone Quattrone · License #RS281573
(215) 273-3669
Source:
Compass
Added: Mar 13
Changed: Jul 22
Last Checked: Jul 23 at 8:56AM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
This occupied duplex offers two separate residential units with a basement office/storage area. The first-floor unit includes one bedroom with a comfortable layout. The second-floor unit features two bedrooms with the potential for a third. Additional basement space is available as office/storage, with access from the first-floor unit or directly from the front exterior.
The property is located in Philadelphia County’s 19132 area, with nearby public transportation including a bus stop less than 1 mile and a commuter rail station less than 1 mile. An airport is listed as less than 10 miles, and the home is described as being close to shopping and local conveniences.
Both units are currently occupied, providing immediate rental presence while offering a flexible configuration through the second-floor bedroom layout.
The property is located in Philadelphia County’s 19132 area, with nearby public transportation including a bus stop less than 1 mile and a commuter rail station less than 1 mile. An airport is listed as less than 10 miles, and the home is described as being close to shopping and local conveniences.
Both units are currently occupied, providing immediate rental presence while offering a flexible configuration through the second-floor bedroom layout.
Key Highlights
- Duplex with a 1‑bedroom first‑floor unit and a 2‑bedroom second‑floor unit
- Basement office/storage space accessible two ways: from the first‑floor unit or directly from the front exterior
- Both units are currently occupied
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 | $30.9k | $25.80 |
| − Vacancy | −$1.7k | −$1.42 |
| EGI | $29.2k | $24.38 |
| − OpEx | −$8.7k | −$7.31 |
| NOI | $20.4k | $17.06 |
1,196 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$291.6K
$255.1K – $340.2K
NOI $20,410 @ 7.0% cap · market cap 8.69%
Second Best
Apartment 5plus
$268.8K
$235.2K – $313.6K
NOI $18,813 @ 7.0% cap · market cap 8.01%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,388
Businesses Nearby
Explore this area
Business Placement
Demographics for 19132, PA
33,926
Population
17,402
Households
1.9
Avg Household Size
37
Median Age
13%
College-Educated
83%
High-School Grad
2.2 sq mi
ZIP Area
15,421
Density / Sq Mi
$30,974
Median Household Income
$30,300
Median Earnings
$1,055
Median Rent
$73,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with a first-floor 1-bedroom and second-floor 2-bedroom unit, plus basement office/storage space accessible two ways.
Where is this duplex located?
The property is located at 3139 North 23rd Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Duplex with a 1‑bedroom first‑floor unit and a 2‑bedroom second‑floor unit; Basement office/storage space accessible two ways: from the first‑floor unit or directly from the front exterior; Both units are currently occupied
