Three-Story Duplex with Finished
For Sale
$399,900
Pending
1506 W PORTER ST, Philadelphia, PA 19145
Two separately entered residences offer flexible owner-occupant or rental use with private utilities, central air, and in-unit laundry.
Property Size2,116 SF
Days on Market49
Property Features for 1506 W PORTER ST
General Information
Standard status
Pending
Size
2,116 SF
Property subtype
Multi-family
Site & Location
Neighborhood
South Philadelphia
Public Transit
Yes
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Amenities
central air
washer/dryer in both units
indoor common area porch
Building Details
Buildings
1
Stories
3
Listing Agency:
Alpha Realty Group
(215) 463-0777
Listed By:
Grace G DeGregorio · License #RS278275
(215) 460-5147
Source:
Davidyungmann.myrealestateplatform
Added: Sep 5
Changed: Oct 5
Last Checked: Oct 20 at 8:00PM
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 Alpha Realty Group
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Investment Insights
Based on property information with market context.
This three-story duplex contains two bi-level one-bedroom units totaling 2,116 square feet. Unit 1 includes a full finished basement and rear yard, while Unit 2 was fully refurbished in 2026 with updated walls, paint, and rugs. Both residences have separate entrances, central air, individual utilities, and their own washer and dryer. The property also includes an indoor common porch, newer roofing, rebuilt front steps, and city views. The entire property underwent rehabilitation around 2010, with the second unit receiving a further refurbishment in 2026.
Located at 1506 W PORTER ST in Philadelphia, the property is steps from the Broad Street Line and within walking distance of Passyunk Ave, Marconi Park, the stadiums, and several dining and coffee establishments. Unit 1’s finished basement and rear yard add additional private space, while Unit 2 includes potential for a third-floor roof deck buildout as described in the property information.
Located at 1506 W PORTER ST in Philadelphia, the property is steps from the Broad Street Line and within walking distance of Passyunk Ave, Marconi Park, the stadiums, and several dining and coffee establishments. Unit 1’s finished basement and rear yard add additional private space, while Unit 2 includes potential for a third-floor roof deck buildout as described in the property information.
Key Highlights
- Two 1‑bedroom bi‑level units in a 3‑story duplex
- 2,116 square feet with separate entrances and utilities
- Unit 1 includes a full finished basement and rear yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,109
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$722,180
$722.2K
Cap Rate 7%
$515,843
$515.8K
Cap Rate 9%
$401,211
$401.2K
Market Conditions
NOI Build-Up for 2,116 SF
Gross rent
$54.6K $25.80/SF
− Vacancy
−$3.0K −$1.42/SF
EGI
$51.6K $24.38/SF
− OpEx
−$15.5K −$7.31/SF
NOI
$36.1K $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%
$722,180
Cap Rate 7%
$515,843
Cap Rate 9%
$401,211
Alternative Uses
Best Use
Multifamily LT 5
$515.8K
$451.4K – $601.8K
NOI $36,109 @ 7.0% cap · market cap 9.03%
Second Best
Apartment 5plus
$475.5K
$416.1K – $554.7K
NOI $33,284 @ 7.0% cap · market cap 8.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,976
Businesses Nearby
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Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
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 separately entered residences offer flexible owner-occupant or rental use with private utilities, central air, and in-unit laundry.
Where is this duplex located?
The property is located at 1506 W PORTER ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two 1‑bedroom bi‑level units in a 3‑story duplex; 2,116 square feet with separate entrances and utilities; Unit 1 includes a full finished basement and rear yard
