Updated Duplex with Basement
For Sale
$725,000
1504 BROWN Street, Philadelphia, PA 19130
Multi-Family, PHILADELPHIA, PA
Property Size3,080 SF
Lot Size0.03 Acres
Price / SF$235.39
Days on Market157
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/dryer in unit
basement storage
private 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: Mar 27
Changed: Aug 24
Last Checked: Aug 30 at 7:06PM
MLS# PAPH2599456
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 3,080-square-foot masonry duplex, built in 1920, contains two bi-level residences with 4 bedrooms and 2 bathrooms apiece. Each unit has its own washer and dryer, separately metered utilities, and basement storage access. Unit A also includes use of a private rear yard. The property is served by forced-air heating and central air conditioning.
Major building systems include a new roof, updated HVAC, and newer water heaters. The 0.032-acre property has a consistent rental history and is located in Philadelphia’s Francisville neighborhood. Commuting access includes the Broad Street Line, with Center City, Temple University, The Met, and the Art Museum area also identified nearby.
Major building systems include a new roof, updated HVAC, and newer water heaters. The 0.032-acre property has a consistent rental history and is located in Philadelphia’s Francisville neighborhood. Commuting access includes the Broad Street Line, with Center City, Temple University, The Met, and the Art Museum area also identified nearby.
Key Highlights
- Two bi‑level units, each with 4 bedrooms and 2 bathrooms
- 3,080 square feet on a 0.032‑acre lot
- Separate washer and dryer in each unit
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
7.25%
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 7.25%
Second Best
Apartment 5plus
$692.1K
$605.6K – $807.5K
NOI $48,447 @ 7.0% cap · market cap 6.68%
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
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
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 units offer private laundry and separately metered utilities, with one unit opening to a rear yard.
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 $725,000.
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; Separate washer and dryer in each unit
