Two-Unit
For Sale
$300,000
1724 FEDERAL STREET, Philadelphia, PA 19146
Two separate residential units offer flexibility for rental occupancy, multigenerational living, or owner-occupant use.
Property Size1,416 SF
Days on Market94
Property Features for 1724 FEDERAL STREET
General Information
Standard status
Active
Size
1,416 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,396
Building Details
Building Size
1,416 SF
Year Built
1923
Buildings
1
Listing Agency:
Real of Pennsylvania
(215) 896-2171
Listed By:
Matthew Marino · License #RS334793
(215) 896-2171
Source:
Patmckennarealtors
Added: May 4
Changed: Aug 4
Last Checked: Aug 4 at 6:58AM
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 Real of Pennsylvania
Investment Insights
Based on property information with market context.
Built in 1923, this duplex contains two separate residential units and is being offered in AS-IS condition. The configuration supports several occupancy approaches identified for the property, including long-term tenancy, multigenerational living, and owner occupancy with rental use. Its residential layout may also appeal to buyers seeking a two-unit property for their portfolio.
The property is located on Federal Street in Philadelphia’s Point Breeze area, with access to SEPTA transit serving Center City and connections to major roadways. Nearby surroundings include restaurants, cafes, parks, grocery stores, and other neighborhood amenities along Washington Avenue, with Graduate Hospital also identified in the surrounding context. Center City, Passyunk Square, hospitals, universities, and public transportation are cited as nearby destinations and services.
The property is located on Federal Street in Philadelphia’s Point Breeze area, with access to SEPTA transit serving Center City and connections to major roadways. Nearby surroundings include restaurants, cafes, parks, grocery stores, and other neighborhood amenities along Washington Avenue, with Graduate Hospital also identified in the surrounding context. Center City, Passyunk Square, hospitals, universities, and public transportation are cited as nearby destinations and services.
Key Highlights
- Two separate residential units
- Built in 1923
- Sold in AS‑IS condition
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 | $36.5k | $25.80 |
| − Vacancy | −$2.0k | −$1.42 |
| EGI | $34.5k | $24.38 |
| − OpEx | −$10.4k | −$7.31 |
| NOI | $24.2k | $17.06 |
1,416 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$345.2K
$302.1K – $402.7K
NOI $24,164 @ 7.0% cap · market cap 8.05%
Second Best
Apartment 5plus
$318.2K
$278.4K – $371.2K
NOI $22,273 @ 7.0% cap · market cap 7.42%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,572
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 separate residential units offer flexibility for rental occupancy, multigenerational living, or owner-occupant use.
Where is this duplex located?
The property is located at 1724 FEDERAL STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two separate residential units; Built in 1923; Sold in AS‑IS condition
