1506 W PORTER Street, Philadelphia, PA 19145
MULTI_FAMILY - Other - PHILADELPHIA, PA
- Added:
- May 20, 2026
- Days on Market:
- 51
- Last Refresh:
- Jul 9 at 8:06 am
Property Features for 1506 W PORTER Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Appliances
- Washer, Dryer
- Standard status
- Active
- Size
- 2,116 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5024
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Grace G DeGregorio License #RS278275 (215) 460-5147
Listing office Alpha Realty Group 1700 W Moyamensing Avenue, PHILADELPHIA, PA (215) 463-0777
Listing date May 20, 2026
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.
HighLights
- Income‑producing duplex in a desirable location.
- Two bi‑level 1‑bedroom units with modern finishes and separate entrances.
- Unit 1 includes a full finished basement and rear yard.
- Unit 2 was fully refurbished in 2026, with roof deck potential.
- Separate utilities, central air, and in‑unit washer/dryer for both units.
- Excellent location near public transportation, dining, and amenities.
Overview
The property is located at 1506 W Porter Street in Philadelphia, PA 19145. It is described as being steps to the Broad Street Line and within walking distance to Passyunk Ave, Marconi Park, and nearby stadiums. Public remarks also reference several nearby dining options, including Heavy Metal Sausage, Homegrown Coffee, L’Angolo, and Scannicchio’s BYOBs.
Designed to accommodate either an owner-occupant or a rental-focused buyer, this duplex offers flexibility with a live-in option in one unit and rental income from the other. With separate utilities, in-unit laundry, and recent updates to Unit 2, the layout supports straightforward day-to-day operation. The remarks also mention a possible third-floor roof deck concept for Unit 2.
Local 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 | $54.6k | $25.80 |
| − Vacancy | −$3.0k | −$1.42 |
| EGI | $51.6k | $24.38 |
| − OpEx | −$15.5k | −$7.31 |
| NOI | $36.1k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.17278
- Latitude
- 39.91949
