Tenant-Occupied
1343 East Hewson Street Philadelphia, PA 19125
For Sale
$489,900
Updated duplex with two separate units, each with private laundry and outdoor space.
Property Size1,746 SF
Price / SF$280.58
Days on Market116
Property Features for 1343 East Hewson Street
General Information
- Standard status
- Active
- Size
- 1,746 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing Agency:
Keller Williams Real Estate
(215) 778-8444
Listed By:
Brittany Nettles · License #RS337439
(215) 778-8444
Source:
Compass
Added: Mar 31
Changed: Jul 23
Last Checked: Jul 23 at 3:08AM
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 Keller Williams Real Estate
Investment Insights
Based on property information with market context.
Tenant-occupied duplex in Fishtown with two updated units. Unit #1 features an expansive first floor, a finished basement, and a private back yard, along with private laundry. Unit #2 is bi-level and includes a private deck and private laundry.
The property is described as having minimal vacancies. Utilities are metered separately, and tenants pay a water flat fee.
The listing notes Unit #1’s lease is up 2/28/2027 and Unit #2’s lease is up 3/31/2027. Public remarks indicate the property is within walking distance of local businesses including Reanimator Coffee, Whipped Bakeshop, Loco Pez, Fishtown Market, Palmer Park, and Riverwards Produce, with bus and metro/subway access listed as less than 1 mile.
The property is described as having minimal vacancies. Utilities are metered separately, and tenants pay a water flat fee.
The listing notes Unit #1’s lease is up 2/28/2027 and Unit #2’s lease is up 3/31/2027. Public remarks indicate the property is within walking distance of local businesses including Reanimator Coffee, Whipped Bakeshop, Loco Pez, Fishtown Market, Palmer Park, and Riverwards Produce, with bus and metro/subway access listed as less than 1 mile.
Key Highlights
- Tenant‑occupied duplex with two separate units, updated over the years
- Unit #1: $1,500/mo lease ends 2/28/2027; expansive first floor with finished basement and private back yard
- Unit #2: $1,450/mo lease ends 3/31/2027; bi‑level layout with private 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 | $45.0k | $25.80 |
| − Vacancy | −$2.5k | −$1.42 |
| EGI | $42.6k | $24.38 |
| − OpEx | −$12.8k | −$7.31 |
| NOI | $29.8k | $17.06 |
1,746 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$425.6K
$372.4K – $496.6K
NOI $29,795 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$392.3K
$343.3K – $457.7K
NOI $27,464 @ 7.0% cap · market cap 5.61%
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
Blake Champlain Private ...
Take-out & Catering
FAQs
What type of property is this?
Duplex - Updated duplex with two separate units, each with private laundry and outdoor space.
Where is this duplex located?
The property is located at 1343 East Hewson Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Tenant‑occupied duplex with two separate units, updated over the years; Unit #1: $1,500/mo lease ends 2/28/2027; expansive first floor with finished basement and private back yard; Unit #2: $1,450/mo lease ends 3/31/2027; bi‑level layout with private deck
