Duplex with Bi-Level
For Sale
$424,999
1812 W MASTER STREET, Philadelphia, PA 19121
Tenant-occupied property with separate metering, private outdoor space, and two distinct apartment layouts.
Property Size1,788 SF
Price / SF$237.70
Days on Market53
Property Features for 1812 W MASTER STREET
General Information
Standard status
Active
Size
1,788 SF
Property subtype
Duplex
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 2BR/2BA
Multifamily Units
2
Amenities
private oversized backyard
storage shed
full basement
hardwood flooring
exposed brick
modern kitchen
dishwasher
bi-level loft layout
skylights
washer and dryer
central air
separately metered
newer mechanicals
Building Details
Year Built
1915
Buildings
1
Tenancy
Multi
Listing Agency:
Realty Mark Cityscape
(215) 583-7777
Listed By:
Kevin Gov · License #10401382893
(267) 939-0147
Source:
Cummingsrealtors
Added: Aug 31
Changed: Oct 21
Last Checked: Oct 20 at 10:21PM
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 Realty Mark Cityscape
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Investment Insights
Based on property information with market context.
Built in 1915, this legally zoned duplex contains two tenant-occupied apartments with separate metering, central air, newer mechanicals, and individual washers and dryers. The first-floor residence includes two bedrooms, one bathroom, a private oversized backyard, storage shed, full basement, hardwood floors, exposed brick, and a modern kitchen with a dishwasher and full appliance package. Upstairs, a bi-level loft-style apartment offers two large bedrooms, two full bathrooms, skylights, exposed brick, hardwood flooring, and ample living space.
The property is located at 1812 W Master Street in Philadelphia, approximately a 7-minute walk from the Broad Street Line. The surrounding area provides walking access to dining, shopping, and entertainment, with proximity to Francisville, Fairmount, and Temple University.
The property is located at 1812 W Master Street in Philadelphia, approximately a 7-minute walk from the Broad Street Line. The surrounding area provides walking access to dining, shopping, and entertainment, with proximity to Francisville, Fairmount, and Temple University.
Key Highlights
- Legally zoned duplex at 1812 W Master Street, Philadelphia, PA 19121
- Two tenant‑occupied apartments with separate metering, central air, and individual laundry
- First‑floor unit includes 2 bedrooms, 1 bathroom, full basement, shed, and oversized private backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,512
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,240
$610.2K
Cap Rate 7%
$435,886
$435.9K
Cap Rate 9%
$339,022
$339.0K
Market Conditions
NOI Build-Up for 1,788 SF
Gross rent
$46.1K $25.80/SF
− Vacancy
−$2.5K −$1.42/SF
EGI
$43.6K $24.38/SF
− OpEx
−$13.1K −$7.31/SF
NOI
$30.5K $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 Rate 5%
$610,240
Cap Rate 7%
$435,886
Cap Rate 9%
$339,022
Alternative Uses
Best Use
Multifamily LT 5
$435.9K
$381.4K – $508.5K
NOI $30,512 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$401.8K
$351.6K – $468.7K
NOI $28,124 @ 7.0% cap · market cap 6.62%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,512
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 - Tenant-occupied property with separate metering, private outdoor space, and two distinct apartment layouts.
Where is this duplex located?
The property is located at 1812 W MASTER STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $424,999.
What are key features of this property?
This property features: Legally zoned duplex at 1812 W Master Street, Philadelphia, PA 19121; Two tenant‑occupied apartments with separate metering, central air, and individual laundry; First‑floor unit includes 2 bedrooms, 1 bathroom, full basement, shed, and oversized private backyard
