1812 W Master Street, Philadelphia, PA 19121
Tenant-occupied duplex offering two separately metered units, central air, and in-unit laundry.
- Added:
- Nov 26, 2025
- Days on Market:
- 225
- Last Refresh:
- Jul 8 at 2:55 am
Property Features for 1812 W Master Street
General Information
- Standard status
- Active
- Size
- 1,788 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1915
Listing office Blue Casa (856) 222-0077
Listing date Nov 26, 2025
Source Thetristaterealestategroup
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 Blue Casa
HighLights
- Tenant‑occupied duplex with 2 separately metered units, offering $1,230 rent for the 1st floor and $1,700 for the other unit
- Central air in both units plus in‑unit washer and dryer
- 1st‑floor unit includes 2 bedrooms, 1 bathroom, oversized private backyard, storage shed, and a full basement
- Second‑floor unit features a bi‑level loft‑style layout with 2 large bedrooms, 2 full bathrooms, and skylights
- Hardwood flooring and exposed brick throughout, with a modern kitchen including a full appliance package and dishwasher
- Built in 1915 on a 0.04‑acre lot (16.00 x 100.00), with brick/mortar foundation and public water
Overview
Both units include their own washer and dryer and central air, with separately metered newer mechanicals. The property is located at 1812 W Master Street in Philadelphia, within a short walk to the Broad Street Line and convenient to Francisville, Fairmount, and Temple University, along with nearby dining, shopping, and entertainment.
For investors or owner-occupants seeking straightforward rental functionality, the duplex provides two distinct, self-contained living arrangements with laundry in each unit and separate metering. Current rent is $1,230 for the first-floor unit and $1,700 for the other unit, supporting an income-focused ownership structure. The home is presented as turnkey for immediate showings.
Local 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 | $46.1k | $25.80 |
| − Vacancy | −$2.5k | −$1.42 |
| EGI | $43.6k | $24.38 |
| − OpEx | −$13.1k | −$7.31 |
| NOI | $30.5k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1656946
- Latitude
- 39.9751661
