Bi-Level Duplex with Updated
For Sale
$650,000
1504 BROWN STREET, Philadelphia, PA 19130
Two four-bedroom units include private laundry, separately metered utilities, and basement storage access.
Property Size3,080 SF
Days on Market55
Property Features for 1504 BROWN STREET
General Information
Standard status
Active
Size
3,080 SF
Property subtype
Duplex
Site & Location
Neighborhood
Francisville
Public Transit
Yes
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,202
Amenities
washer/dryer
separately metered utilities
basement storage
private rear yard
Building Details
Building Size
3,080 SF
Year Built
1920
Buildings
1
Listing Agency:
Keller Williams Main Line
Listed By:
Erin E Rigo · License #RS342731
(267) 606-3318
Source:
Patmckennarealtors
Added: Sep 8
Changed: Oct 31
Last Checked: Oct 30 at 7:51PM
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
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Investment Insights
Based on property information with market context.
This duplex contains two bi-level four-bedroom, two-bath units, providing a clear two-unit residential configuration. Each unit has its own washer and dryer, separately metered utilities, and access to basement storage. Unit A additionally includes a private rear yard. The property was built in 1920 and has received updates to major mechanical components, including the roof, HVAC systems, and water heaters.
Both units have been consistently rented. The property offers access to the Broad Street Line, Center City, Temple University, The Met, and the Art Museum area, supporting convenient connections throughout Philadelphia.
Both units have been consistently rented. The property offers access to the Broad Street Line, Center City, Temple University, The Met, and the Art Museum area, supporting convenient connections throughout Philadelphia.
Key Highlights
- Two bi‑level units, each with 4 bedrooms and 2 bathrooms
- Built in 1920 with a new roof, updated HVAC, and newer water heaters
- Separate washer and dryer provided for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,560
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,051,200
$1.1M
Cap Rate 7%
$750,857
$750.9K
Cap Rate 9%
$584,000
$584.0K
Market Conditions
NOI Build-Up for 3,080 SF
Gross rent
$79.5K $25.80/SF
− Vacancy
−$4.4K −$1.42/SF
EGI
$75.1K $24.38/SF
− OpEx
−$22.5K −$7.31/SF
NOI
$52.6K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,051,200
Cap Rate 7%
$750,857
Cap Rate 9%
$584,000
Alternative Uses
Best Use
Multifamily LT 5
$750.9K
$657.0K – $876.0K
NOI $52,560 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$692.1K
$605.6K – $807.5K
NOI $48,447 @ 7.0% cap · market cap 7.45%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,089
Businesses Nearby
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Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two four-bedroom units include private laundry, separately metered utilities, and basement storage access.
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 $650,000.
What are key features of this property?
This property features: Two bi‑level units, each with 4 bedrooms and 2 bathrooms; Built in 1920 with a new roof, updated HVAC, and newer water heaters; Separate washer and dryer provided for each unit
