Well-Maintained Duplex Income
1504 Brown Street Philadelphia, PA 19130
For Sale
$750,000
Pending
Two bi-level 4 bed, 2 bath units each with in-unit washer/dryer, separately metered utilities, and basement storage.
Property Size3,080 SF
Days on Market123
Property Features for 1504 Brown Street
General Information
- Standard status
- Pending
- Size
- 3,080 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing Agency:
Keller Williams Main Line
(267) 606-3318
Listed By:
Erin E Rigo · License #RS342731
(267) 606-3318
Source:
Compass
Added: Mar 25
Changed: Jul 22
Last Checked: Jul 24 at 2:02PM
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 well-maintained duplex offers two spacious bi-level units, each featuring four bedrooms and two bathrooms. Both units include in-unit washer and dryer, separately metered utilities, and access to basement storage. Unit A also provides access to a private rear yard.
The property is located in the Francisville neighborhood with easy commuting access to the Broad Street Line and close proximity to Center City, Temple University, The Met, and the Art Museum area.
Reported updates to major mechanicals include a new roof, updated HVAC, and newer water heaters, supporting ongoing day-to-day reliability for tenants and operations.
The property is located in the Francisville neighborhood with easy commuting access to the Broad Street Line and close proximity to Center City, Temple University, The Met, and the Art Museum area.
Reported updates to major mechanicals include a new roof, updated HVAC, and newer water heaters, supporting ongoing day-to-day reliability for tenants and operations.
Key Highlights
- Well maintained duplex (built 1920) with two bi‑level units, each offering 4 bedrooms and 2 bathrooms
- Each unit includes its own in‑unit washer and dryer and separately metered utilities
- Basement storage available for the units
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 | $79.5k | $25.80 |
| − Vacancy | −$4.4k | −$1.42 |
| EGI | $75.1k | $24.38 |
| − OpEx | −$22.5k | −$7.31 |
| NOI | $52.6k | $17.06 |
3,080 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$750.9K
$657.0K – $876.0K
NOI $52,560 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$692.1K
$605.6K – $807.5K
NOI $48,447 @ 7.0% cap · market cap 6.46%
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 - Two bi-level 4 bed, 2 bath units each with in-unit washer/dryer, separately metered utilities, and basement storage.
Where is this duplex located?
The property is located at 1504 Brown Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Well maintained duplex (built 1920) with two bi‑level units, each offering 4 bedrooms and 2 bathrooms; Each unit includes its own in‑unit washer and dryer and separately metered utilities; Basement storage available for the units
