Mixed-Use Duplex with Commercial
For Sale
$425,000
1549 S 19TH Street, Philadelphia, PA 19146
Multi-Family, PHILADELPHIA, PA
Property Size2,020 SF
Lot Size0.02 Acres
Price / SF$210.40
Days on Market13
Property Features for 1549 S 19TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Subdivision
POINT BREEZE
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
2,020 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
3534
Utilities
Heating system
Hot Water(Heating)
Cooling system
Wall Unit(s)
Building Details
Year built
1925
Number of units
2
Building materials
Masonry
Listing Agency:
Alpha Realty Group
(215) 463-0777
Listed By:
Grace G DeGregorio · License #RS278275
(215) 460-5147
Added: Aug 17
Changed: Aug 19
Last Checked: Aug 29 at 1:06AM
MLS# PAPH2659482
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.
This 2,020-square-foot masonry duplex, built in 1925, combines commercial and residential components. The ground floor includes multiple rooms, a half bath, basement access, and two large refrigerators; it was previously used as a flower shop. The upper level contains a two-bedroom apartment with an open living room and kitchen arrangement, a full bath, fresh paint, natural light, and a deck.
Located on S 19TH Street in Philadelphia’s 19146 ZIP code, the property occupies a 0.0239-acre lot. Heating is provided by a hot water system, while wall unit cooling serves the building. The configuration offers a distinct commercial area below and residential space above within one duplex property.
Located on S 19TH Street in Philadelphia’s 19146 ZIP code, the property occupies a 0.0239-acre lot. Heating is provided by a hot water system, while wall unit cooling serves the building. The configuration offers a distinct commercial area below and residential space above within one duplex property.
Key Highlights
- 2,020 square feet on a 0.0239‑acre lot
- Masonry duplex built in 1925
- Ground‑floor commercial area with multiple rooms and half bath
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
$34,471
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
8.11%
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%
$689,420
$689.4K
Cap Rate 7%
$492,443
$492.4K
Cap Rate 9%
$383,011
$383.0K
Market Conditions
NOI Build-Up for 2,020 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
$52.1K $25.80/SF
− Vacancy
−$2.9K −$1.42/SF
EGI
$49.2K $24.38/SF
− OpEx
−$14.8K −$7.31/SF
NOI
$34.5K $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%
$689,420
Cap Rate 7%
$492,443
Cap Rate 9%
$383,011
Alternative Uses
Best Use
Multifamily LT 5
$492.4K
$430.9K – $574.5K
NOI $34,471 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$453.9K
$397.2K – $529.6K
NOI $31,774 @ 7.0% cap · market cap 7.48%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,331
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-level property combines storefront space with a two-bedroom apartment and private deck.
Where is this duplex located?
The property is located at 1549 S 19TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,020 square feet on a 0.0239‑acre lot; Masonry duplex built in 1925; Ground‑floor commercial area with multiple rooms and half bath
