Fully Leased Duplex with
For Sale
$510,000
1805 N 18TH STREET, Philadelphia, PA 19121
Both residences are leased and feature hardwood floors, newer HVAC systems, and private outdoor space.
Property Size2,640 SF
Days on Market64
Property Features for 1805 N 18TH STREET
General Information
Standard status
Active
Size
2,640 SF
Total Parking Spaces
2
Property subtype
Duplex
Occupancy
100%
Financials
Asking Price
$520,000
Gross Income
$57,600
Average Monthly Rent
$2,400
Site & Location
Neighborhood
North Philadelphia
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,093
Amenities
hardwood floors
newer HVAC systems
private rear patio
full unfinished basement
Building Details
Building Size
2,640 SF
Year Built
2011
Tenancy
Multi
Listing Agency:
Keller Williams Real Estate-Blue Bell
Listed By:
Paurav Patel · License #RS380922
(848) 333-6709
Source:
Patmckennarealtors
Added: Aug 22
Changed: Oct 8
Last Checked: Oct 23 at 4:37PM
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 Real Estate-Blue Bell
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Investment Insights
Based on property information with market context.
This duplex was built in 2011 and is currently occupied by tenants in both residences. Interior features include hardwood flooring and newer HVAC systems, while the property also provides off-street parking for two vehicles and a private rear patio. A full unfinished basement with approximately 7-8 ft ceilings adds substantial storage capacity and may offer future finishing possibilities subject to applicable zoning, permitting, and approvals.
The property is positioned near Temple University's campus and public transportation in Philadelphia. Its existing leases, separate residential layout, outdoor area, parking, and basement provide a practical configuration for continued rental use.
The property is positioned near Temple University's campus and public transportation in Philadelphia. Its existing leases, separate residential layout, outdoor area, parking, and basement provide a practical configuration for continued rental use.
Key Highlights
- Both units are currently leased with tenants in place
- Built in 2011
- Off‑street parking for two vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,051
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$901,020
$901.0K
Cap Rate 7%
$643,586
$643.6K
Cap Rate 9%
$500,567
$500.6K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$68.1K $25.80/SF
− Vacancy
−$3.8K −$1.42/SF
EGI
$64.4K $24.38/SF
− OpEx
−$19.3K −$7.31/SF
NOI
$45.1K $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%
$901,020
Cap Rate 7%
$643,586
Cap Rate 9%
$500,567
Alternative Uses
Best Use
Multifamily LT 5
$643.6K
$563.1K – $750.9K
NOI $45,051 @ 7.0% cap · market cap 8.83%
Second Best
Apartment 5plus
$593.2K
$519.1K – $692.1K
NOI $41,526 @ 7.0% cap · market cap 8.14%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,065
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and feature hardwood floors, newer HVAC systems, and private outdoor space.
Where is this duplex located?
The property is located at 1805 N 18TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Both units are currently leased with tenants in place; Built in 2011; Off‑street parking for two vehicles
