Renovated Duplex with In-Unit
For Sale
$289,000
Pending
1351 Kerbaugh Street, Philadelphia, PA 19140
Turnkey duplex with two updated 1-bedroom units, each with modern kitchens, stainless appliances, and in-unit washer/dryer.
Property Size1,260 SF
Days on Market63
Property Features for 1351 Kerbaugh Street
General Information
Standard status
Pending
Size
1,260 SF
Property subtype
Multi-Family / Fee Simple
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Keller Williams Main Line
(267) 252-1455
Listed By:
Starr Smith · License #1859517111111
(267) 252-1455
Source:
Compass
Added: May 31
Changed: Jul 10
Last Checked: Jul 24 at 1:14PM
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 Main Line
Investment Insights
Based on property information with market context.
This beautifully renovated duplex presents two spacious 1-bedroom, 1-full-bath units. Each unit has been thoughtfully redesigned with contemporary finishes, including new flooring and modern kitchens. The kitchens feature stainless steel appliances, and each unit includes its own in-unit washer and dryer for added day-to-day convenience. Both bathrooms have been upgraded, and efficient heating systems are in place to help reduce concerns about deferred maintenance.
The property is located at 1351 Kerbaugh Street on a quiet street in Philadelphia (MLS Area 19140). The current layout includes a top-floor unit that is already rented, with the remaining first-floor unit positioned for an owner-occupant or a second tenant.
For buyers seeking a ready-to-operate residential income property, this duplex offers an immediately usable setup with updated interiors throughout and in-unit laundry in both units. For owner-occupants, the arrangement allows you to live in one unit while the other remains rented. The listing notes Section 8 rent of $1,550 for the top floor, with the first floor available as described by the seller.
The property is located at 1351 Kerbaugh Street on a quiet street in Philadelphia (MLS Area 19140). The current layout includes a top-floor unit that is already rented, with the remaining first-floor unit positioned for an owner-occupant or a second tenant.
For buyers seeking a ready-to-operate residential income property, this duplex offers an immediately usable setup with updated interiors throughout and in-unit laundry in both units. For owner-occupants, the arrangement allows you to live in one unit while the other remains rented. The listing notes Section 8 rent of $1,550 for the top floor, with the first floor available as described by the seller.
Key Highlights
- Renovated duplex built in 1920 with level entry at the main
- Two updated 1‑bedroom, 1‑bath units (2 units total)
- Each unit includes a modern kitchen with stainless steel appliances and an in‑unit washer & dryer
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 | $32.5k | $25.80 |
| − Vacancy | −$1.8k | −$1.42 |
| EGI | $30.7k | $24.38 |
| − OpEx | −$9.2k | −$7.31 |
| NOI | $21.5k | $17.06 |
1,260 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$307.2K
$268.8K – $358.4K
NOI $21,502 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$283.1K
$247.7K – $330.3K
NOI $19,819 @ 7.0% cap · market cap 6.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,523
Businesses Nearby
Explore this area
Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
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 - Turnkey duplex with two updated 1-bedroom units, each with modern kitchens, stainless appliances, and in-unit washer/dryer.
Where is this duplex located?
The property is located at 1351 Kerbaugh Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Renovated duplex built in 1920 with level entry at the main; Two updated 1‑bedroom, 1‑bath units (2 units total); Each unit includes a modern kitchen with stainless steel appliances and an in‑unit washer & dryer
