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Olde Kensington Duplex Opportunity

1428 Hope Street, Philadelphia, PA 19122

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For Sale

$425,000

Well-maintained duplex in desirable location with strong rental income.

Type:Multi-Family / Fee Simple

Property size:

1,260 SF

Price / SF:

$337/SF

HighLights

Duplex in desirable Olde Kensington, near Fishtown and Northern Liberties
Two 2‑bedroom units, each with private entrance and in‑unit laundry
Immediate rental income potential with tenant‑occupied units
Each unit features central air, updated kitchens, and tile bathrooms
Simplified expense management with separately metered gas and electric
Rear unit includes exclusive access to a private patio

We can help!

Listing Contact

Ariel L Morgenstein

Learn more

For Sale

$425,000

Well-maintained duplex in desirable location with strong rental income.

Type:Multi-Family / Fee Simple

Property size:

1,260 SF

Price / SF:

$337/SF

Added:: May 13, 2026
Days on Market:: 32
Last Refresh:: May 13 at 12:58 am

Property Features for 1428 Hope Street

General Information

Standard status: Active
Size: 1,260 SF
Property subtype: Multi-Family / Fee Simple

Building Details

Year Built: 1920

We can help!

Listing Contact

Ariel L Morgenstein

Listing agent Ariel L Morgenstein License #AB067988

Listing office JG Real Estate LLC

Listing date May 13, 2026

Source Compass

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 JG Real Estate LLC

HighLights

Duplex in desirable Olde Kensington, near Fishtown and Northern Liberties
Two 2‑bedroom units, each with private entrance and in‑unit laundry
Immediate rental income potential with tenant‑occupied units
Each unit features central air, updated kitchens, and tile bathrooms
Simplified expense management with separately metered gas and electric
Rear unit includes exclusive access to a private patio

Overview

Located in the heart of Olde Kensington, this property presents a versatile opportunity for both investors and owner-occupants seeking strong rental income and long-term value. This well-maintained duplex features two trinity-style two-bedroom units, each with its own private entrance. The units are currently tenant-occupied at $1,650 and $1,485 per month. Both units offer central air, updated kitchens, tile bathrooms, and private basement laundry. Separately metered gas and electric utilities help simplify ownership and operating expenses. The rear unit enjoys exclusive access to a private patio outdoor space. The property is just steps from the dining, nightlife, and neighborhood conveniences of Fishtown and Northern Liberties, as well as public transit and major commuter routes. This location continues to attract strong tenant demand. The property size is 1260 square feet. The property is located in Philadelphia, PA, within the 19122 MLS Area and the School District of Philadelphia.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $21,502 @ 7.0% cap · market cap 5.06%

Second Best

Apartment 5plus

$283.1K

$247.7K – $330.3K (±1% cap)

NOI $19,819 @ 7.0% cap · market cap 4.66%

Theoretical Best

—

same as Best Use

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Philadelphia
County: Delaware
State: Pennsylvania
Longitude: -75.1359
Latitude: 39.972397

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For sale
Duplexes
PA
Philadelphia
19122
1428 Hope Street

What type of property is this?

Duplex - Well-maintained duplex in desirable location with strong rental income.

Where is this duplex located?

The property is located at 1428 Hope Street Philadelphia, PA.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: Duplex in desirable Olde Kensington, near Fishtown and Northern Liberties; Two 2‑bedroom units, each with private entrance and in‑unit laundry; Immediate rental income potential with tenant‑occupied units