Two-Unit Duplex with Yard
For Sale
$440,000
Pending
1533 West Passyunk Avenue, Philadelphia, PA 19145
Duplex with two separate, clean living units, separate utilities, and rear yard access from both units.
Property Size1,700 SF
Days on Market89
Property Features for 1533 West Passyunk Avenue
General Information
Standard status
Pending
Size
1,700 SF
Property subtype
Multi-Family
Building Details
Year Built
1931
Listing Agency:
Compass Pennsylvania, LLC
(610) 745-3211
Listed By:
Matt Aragona · License #RS317907
(610) 745-3211
Source:
Compass
Added: May 8
Changed: Jul 23
Last Checked: Aug 3 at 11:50AM
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
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 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 | $43.9k | $25.80 |
| − Vacancy | −$2.4k | −$1.42 |
| EGI | $41.4k | $24.38 |
| − OpEx | −$12.4k | −$7.31 |
| NOI | $29.0k | $17.06 |
1,700 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,681
Businesses Nearby
Explore this area
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
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 - 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 West Passyunk Avenue 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
