Updated Duplex with Private
For Sale
$845,000
1539 SOUTH Street, Philadelphia, PA 19146
Multi-Family, PHILADELPHIA, PA
Property Size2,084 SF
Lot Size0.02 Acres
Price / SF$405.47
Days on Market98
Property Features for 1539 SOUTH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Subdivision
GRADUATE HOSPITAL
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
2,084 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
7702
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
in-unit laundry
central air/heat
private deck
Building Details
Year built
1915
Number of units
2
Building materials
Masonry
Listing Agency:
Keller Williams Realty
(856) 321-1212
Listed By:
Andrew F Cheng · License #RS3263312
(267) 506-7100
Added: Jun 1
Changed: Aug 19
Last Checked: Sep 6 at 2:06PM
MLS# PAPH2625880
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.
Investment Insights
Based on property information with market context.
Located at 1539 South Street in Philadelphia, this 2,084-square-foot duplex contains a one-bedroom residence and a two-bedroom residence. Both units feature updated kitchens and bathrooms, in-unit laundry, central air, and separately metered systems. The first-floor unit occupies two levels, with bedrooms arranged on separate floors and a finished lower level. The upper residence includes two full baths, a split-level living area, abundant natural light, and a private deck with Philadelphia skyline views.
Built in 1915 with masonry construction, the property has forced-air heating, central cooling, and on-street parking. The property is near the restaurants, cafes, and green space of Graduate Hospital, with Rittenhouse Square, Penn, CHOP, and Jefferson within walking distance. It is being offered vacant, allowing the next owner to determine occupancy plans.
Built in 1915 with masonry construction, the property has forced-air heating, central cooling, and on-street parking. The property is near the restaurants, cafes, and green space of Graduate Hospital, with Rittenhouse Square, Penn, CHOP, and Jefferson within walking distance. It is being offered vacant, allowing the next owner to determine occupancy plans.
Key Highlights
- Duplex with one‑bedroom and two‑bedroom units
- 2,084 SF building on a 0.02‑acre lot
- Updated kitchens and bathrooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,563
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
13,820
Businesses Nearby
Explore this area
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
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 - Two residential units offer updated interiors, in-unit laundry, and separately metered utilities.
Where is this duplex located?
The property is located at 1539 SOUTH Street 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: Duplex with one‑bedroom and two‑bedroom units; 2,084 SF building on a 0.02‑acre lot; Updated kitchens and bathrooms in both units
