Duplex With Updated Major
New
For Sale
$700,000
1504 BROWN Street, Philadelphia, PA 19130
Multi-Family, PHILADELPHIA, PA
Property Size3,080 SF
Lot Size0.03 Acres
Price / SF$227.27
Days on Market5
Property Features for 1504 BROWN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Subdivision
FRANCISVILLE
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
3,080 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
9202
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
washer and dryer
basement storage
private rear yard
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Keller Williams Main Line · Keller Williams Realty
(610) 520-0100
Listed By:
Erin E Rigo · License #RS342731
(267) 606-3318
Added: Sep 8
Last Checked: Sep 12 at 12:06AM
MLS# PAPH2668124
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This masonry duplex, built in 1920, contains two bi-level four-bedroom, two-bath units within 3,080 square feet. Both residences include individual washers and dryers, separately metered utilities, and access to basement storage. Unit A also has a private rear yard. The property has a new roof, updated HVAC, newer water heaters, forced-air heating, and central air conditioning.
Located in Philadelphia’s Francisville neighborhood, the property offers access to the Broad Street Line, Center City, Temple University, The Met, and the Art Museum area. It has a consistent rental history and occupies a 0.032-acre lot, providing a two-unit residential income configuration with established physical improvements.
Located in Philadelphia’s Francisville neighborhood, the property offers access to the Broad Street Line, Center City, Temple University, The Met, and the Art Museum area. It has a consistent rental history and occupies a 0.032-acre lot, providing a two-unit residential income configuration with established physical improvements.
Key Highlights
- Two bi‑level units, each with 4 bedrooms and 2 bathrooms
- 3,080 square feet on a 0.032‑acre lot
- New roof, updated HVAC, and newer water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,560
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 7.51%
Second Best
Apartment 5plus
$692.1K
$605.6K – $807.5K
NOI $48,447 @ 7.0% cap · market cap 6.92%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,089
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Two bi-level residences offer private laundry, separately metered utilities, and basement storage in a well-maintained configuration.
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 $700,000.
What are key features of this property?
This property features: Two bi‑level units, each with 4 bedrooms and 2 bathrooms; 3,080 square feet on a 0.032‑acre lot; New roof, updated HVAC, and newer water heaters
