Updated Two-Unit
For Sale
$845,000
1539 SOUTH ST, Philadelphia, PA 19146
Separate metering, in-unit laundry, and central air and heat serve both residences.
Property Size2,084 SF
Price / SF$405.47
Days on Market85
Property Features for 1539 SOUTH ST
General Information
Standard status
Active
Size
2,084 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Amenities
in-unit laundry
central air/heat
private deck
Building Details
Buildings
1
Listing Agency:
Keller Williams Realty
(856) 321-1212
Listed By:
Andrew F Cheng · License #RS3263312
(267) 506-7100
Source:
360
Added: Jul 30
Changed: Oct 10
Last Checked: Oct 20 at 8:04PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 2,084-square-foot duplex, built in 1915, contains one one-bedroom residence and one two-bedroom residence. Both units have updated kitchens and bathrooms, in-unit laundry, central air and heat, and separate utility metering. The first-floor residence occupies two levels, with bedrooms positioned on separate floors, a kitchen connected to additional living space, and a finished lower level. The upper residence includes two full bathrooms, a split-level living room, abundant natural light, and a private deck with views toward the Philadelphia skyline.
The property is located at 1539 South St in Philadelphia, within the Graduate Hospital area. Restaurants, cafes, and green space are nearby, while Rittenhouse Square, Penn, CHOP, and Jefferson are within walking distance. The duplex is being delivered vacant, allowing the next owner flexibility in determining occupancy and leasing plans.
The property is located at 1539 South St in Philadelphia, within the Graduate Hospital area. Restaurants, cafes, and green space are nearby, while Rittenhouse Square, Penn, CHOP, and Jefferson are within walking distance. The duplex is being delivered vacant, allowing the next owner flexibility in determining occupancy and leasing plans.
Key Highlights
- 2,084‑square‑foot duplex built in 1915
- One‑bedroom and two‑bedroom unit mix
- Separate utility metering for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,563
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,260
$711.3K
Cap Rate 7%
$508,043
$508.0K
Cap Rate 9%
$395,144
$395.1K
Market Conditions
NOI Build-Up for 2,084 SF
Gross rent
$53.8K $25.80/SF
− Vacancy
−$3.0K −$1.42/SF
EGI
$50.8K $24.38/SF
− OpEx
−$15.2K −$7.31/SF
NOI
$35.6K $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 Rate 5%
$711,260
Cap Rate 7%
$508,043
Cap Rate 9%
$395,144
Alternative Uses
Best Use
Multifamily LT 5
$508.0K
$444.5K – $592.7K
NOI $35,563 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$468.3K
$409.8K – $546.3K
NOI $32,780 @ 7.0% cap · market cap 3.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
13,820
Businesses Nearby
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Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
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 - Separate metering, in-unit laundry, and central air and heat serve both residences.
Where is this duplex located?
The property is located at 1539 SOUTH ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: 2,084‑square‑foot duplex built in 1915; One‑bedroom and two‑bedroom unit mix; Separate utility metering for both units
