Two-Unit Duplex with Yard
For Sale
$440,000
1533 W PASSYUNK AVE, Philadelphia, PA 19145
Duplex with two separate, clean living units, separate utilities, and rear yard access from both units.
Property Size1,700 SF
Price / SF$258.82
Days on Market177
Property Features for 1533 W PASSYUNK AVE
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Newbold
Listing Agency:
Compass Pennsylvania, LLC
(267) 435-8015
Listed By:
Marco Messina · License #RS343896
(267) 975-7119
Source:
Cathyshometeam
Added: May 8
Changed: Oct 25
Last Checked: Oct 30 at 1:53PM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
This duplex offers two clean and livable units with separate utilities, including two boilers and two hot water tanks. The first-floor unit features hardwood floors throughout the living areas. The second-floor unit includes a flexible layout with three separate rooms that can be configured as a three-bedroom or two-bedroom with a living room, along with central air conditioning. A spacious basement with good ceiling height provides room for additional storage and potential finishing.
The rear yard is accessible from both units and connects to a private alleyway, offering practical access and added functionality. The second floor also has two separate entrances, including access to a common area that could support bike storage and may allow for a washer and dryer setup. Kitchens and bathrooms could benefit from updates.
Located on West Passyunk Avenue near shopping, dining, and public transportation.
The rear yard is accessible from both units and connects to a private alleyway, offering practical access and added functionality. The second floor also has two separate entrances, including access to a common area that could support bike storage and may allow for a washer and dryer setup. Kitchens and bathrooms could benefit from updates.
Located on West Passyunk Avenue near shopping, dining, and public transportation.
Key Highlights
- Duplex at 1533 W Passyunk Ave with two separate, clean and livable units
- Separate utilities for both units, including two boilers and two hot water tanks
- First‑floor unit has hardwood floors throughout the living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,010
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,200
$580.2K
Cap Rate 7%
$414,429
$414.4K
Cap Rate 9%
$322,333
$322.3K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$43.9K $25.80/SF
− Vacancy
−$2.4K −$1.42/SF
EGI
$41.4K $24.38/SF
− OpEx
−$12.4K −$7.31/SF
NOI
$29.0K $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%
$580,200
Cap Rate 7%
$414,429
Cap Rate 9%
$322,333
Alternative Uses
Best Use
Multifamily LT 5
$414.4K
$362.6K – $483.5K
NOI $29,010 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$382.0K
$334.3K – $445.7K
NOI $26,740 @ 7.0% cap · market cap 6.08%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,681
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 - Duplex with two separate, clean living units, separate utilities, and rear yard access from both units.
Where is this duplex located?
The property is located at 1533 W PASSYUNK AVE Philadelphia, PA.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Duplex at 1533 W Passyunk Ave with two separate, clean and livable units; Separate utilities for both units, including two boilers and two hot water tanks; First‑floor unit has hardwood floors throughout the living areas
