New Construction Duplex with Outdoor
1302 North Marshall Street Philadelphia, PA 19122
For Sale
$700,000
New construction duplex with two vacant units, each offering in-unit laundry and private outdoor space.
Property Size2,700 SF
Price / SF$259.26
Days on Market147
Property Features for 1302 North Marshall Street
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2020
Listing Agency:
KW Empower
(267) 987-4443
Listed By:
Christopher K Somers · License #RS278328
(267) 987-4443
Source:
Compass
Added: Feb 27
Changed: Jul 21
Last Checked: Jul 23 at 8:31AM
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 KW Empower
Investment Insights
Based on property information with market context.
A newly constructed duplex offers two separate residential units, each with in-unit laundry and private outdoor space. Unit 1 features 3 bedrooms and 2 full bathrooms and is being delivered vacant. Unit 2 features 3 bedrooms and 3 full bathrooms and is also being delivered vacant, with an exclusive roof deck.
The property is located at 1302 North Marshall Street in Philadelphia (MLS Area 19122) and is described as close to restaurants, cafes, and destinations in South Kensington, Northern Liberties, and Fishtown. Public transportation access is noted as being nearby, and the home is also described as steps from Girard Ave.
The listing also notes an original 10-year tax abatement on both fronts. The duplex is presented as a modern, approximately 5-year-old construction.
The property is located at 1302 North Marshall Street in Philadelphia (MLS Area 19122) and is described as close to restaurants, cafes, and destinations in South Kensington, Northern Liberties, and Fishtown. Public transportation access is noted as being nearby, and the home is also described as steps from Girard Ave.
The listing also notes an original 10-year tax abatement on both fronts. The duplex is presented as a modern, approximately 5-year-old construction.
Key Highlights
- New‑construction duplex built in 2020 in South Kensington
- 10‑year tax abatement available on both fronts
- Two vacant units: Unit 1 (3BR/2BA) and Unit 2 (3BR/3BA)
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 | $69.7k | $25.80 |
| − Vacancy | −$3.8k | −$1.42 |
| EGI | $65.8k | $24.38 |
| − OpEx | −$19.7k | −$7.31 |
| NOI | $46.1k | $17.06 |
2,700 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$658.2K
$575.9K – $767.9K
NOI $46,075 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$606.7K
$530.9K – $707.8K
NOI $42,470 @ 7.0% cap · market cap 6.07%
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 - New construction duplex with two vacant units, each offering in-unit laundry and private outdoor space.
Where is this duplex located?
The property is located at 1302 North Marshall Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: New‑construction duplex built in 2020 in South Kensington; 10‑year tax abatement available on both fronts; Two vacant units: Unit 1 (3BR/2BA) and Unit 2 (3BR/3BA)
