Two-Unit Duplex with
For Sale
$199,900
1671 MARGARET STREET, Philadelphia, PA 19124
Separate electric meters serve the apartments, and the owner covers water while residents pay their own unit utilities.
Property Size1,319 SF
Days on Market15
Property Features for 1671 MARGARET STREET
General Information
Standard status
Active
Size
1,319 SF
Property subtype
Duplex
Net Operating Income
$19,112
Site & Location
Neighborhood
Kensington
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Gross Income
$15,120
Taxes and HOA fees
Annual Taxes
$2,081
Building Details
Building Size
1,319 SF
Year Built
1925
Listing Agency:
BHHS Fox & Roach-Jenkintown
Listed By:
christian washington · License #rs347539
(267) 981-5392
Source:
Mainlinekw
Added: Oct 10
Changed: Oct 21
Last Checked: Oct 23 at 4:59PM
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 BHHS Fox & Roach-Jenkintown
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Investment Insights
Based on property information with market context.
Built in 1925, this duplex contains two apartments. The first-floor unit has 2 bedrooms and 1 bathroom, is vacant, and opens to the backyard. Upstairs, the 3-bedroom, 2-bathroom apartment is occupied. A full, unfinished basement provides additional space, and each apartment has a separate electric meter.
Residents pay the utilities for their respective units; the owner pays for water. The layout combines distinct living spaces with separate electric service and shared basement space.
Residents pay the utilities for their respective units; the owner pays for water. The layout combines distinct living spaces with separate electric service and shared basement space.
Key Highlights
- Two apartments: a 2‑bedroom, 1‑bathroom first‑floor unit and a 3‑bedroom, 2‑bathroom second‑floor unit
- First‑floor apartment has backyard access
- Full unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,996
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,920
$339.9K
Cap Rate 7%
$242,800
$242.8K
Cap Rate 9%
$188,844
$188.8K
Market Conditions
NOI Build-Up for 1,319 SF
Gross rent
$26.1K $19.80/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$24.3K $18.41/SF
− OpEx
−$7.3K −$5.52/SF
NOI
$17.0K $12.89/SF
Area
ZIP 19124
Vacancy
7.03%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,920
Cap Rate 7%
$242,800
Cap Rate 9%
$188,844
Alternative Uses
Best Use
Multifamily LT 5
$242.8K
$212.5K – $283.3K
NOI $16,996 @ 7.0% cap · market cap 8.50%
Second Best
Apartment 5plus
$223.4K
$195.5K – $260.7K
NOI $15,639 @ 7.0% cap · market cap 7.82%
Theoretical Best
Specialty Retail
$758.7K
$663.9K – $885.2K
NOI $53,109 @ 7.0% cap · market cap 26.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,785
Businesses Nearby
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Business Placement
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
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 electric meters serve the apartments, and the owner covers water while residents pay their own unit utilities.
Where is this duplex located?
The property is located at 1671 MARGARET STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two apartments: a 2‑bedroom, 1‑bathroom first‑floor unit and a 3‑bedroom, 2‑bathroom second‑floor unit; First‑floor apartment has backyard access; Full unfinished basement
