Tenant-Occupied Duplex Income
1136 North 4th Street Philadelphia, PA 19123
For Sale
$585,000
Bi-level two-bedroom duplex with two separate leases currently in place.
Property Size1,802 SF
Price / SF$324.64
Days on Market1437
Property Features for 1136 North 4th Street
General Information
- Standard status
- Active
- Size
- 1,802 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing Agency:
Fred R Levine Real Estate
(215) 465-3733
Listed By:
Fred R Levine · License #RB043558A
(215) 465-3733
Source:
Compass
Added: Aug 19, 2022
Changed: Jul 23
Last Checked: Jul 25 at 11:56AM
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 Fred R Levine Real Estate
Investment Insights
Based on property information with market context.
This two-unit duplex features two bi-level two-bedroom residences. The property is being sold as a tenant-occupied asset, with separate leases in place for both units.
Unit A has a lease set to end 2/28/26 and is reported as rented for $1,300 per month. Unit B has a lease set to end 11/30/25 and is reported as rented for $1,400 per month.
Located in Philadelphia (MLS area 19123), the property is served by the School District of Philadelphia.
Unit A has a lease set to end 2/28/26 and is reported as rented for $1,300 per month. Unit B has a lease set to end 11/30/25 and is reported as rented for $1,400 per month.
Located in Philadelphia (MLS area 19123), the property is served by the School District of Philadelphia.
Key Highlights
- Duplex with two bi‑level 2‑bedroom units in Northern Liberties
- Tenant‑occupied sale with two separate leases in place
- Unit A leased through 2/28/26 at $1,300/month
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 | $46.5k | $25.80 |
| − Vacancy | −$2.6k | −$1.42 |
| EGI | $43.9k | $24.38 |
| − OpEx | −$13.2k | −$7.31 |
| NOI | $30.8k | $17.06 |
1,802 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$439.3K
$384.4K – $512.5K
NOI $30,751 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$404.9K
$354.3K – $472.4K
NOI $28,345 @ 7.0% cap · market cap 4.85%
Theoretical Best
—
—
same as Best Use
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 - Bi-level two-bedroom duplex with two separate leases currently in place.
Where is this duplex located?
The property is located at 1136 North 4th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Duplex with two bi‑level 2‑bedroom units in Northern Liberties; Tenant‑occupied sale with two separate leases in place; Unit A leased through 2/28/26 at $1,300/month
