Turnkey Duplex with Central
For Sale
$424,999
1812 W MASTER Street, Philadelphia, PA 19121
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,788 SF
Lot Size0.04 Acres
Price / SF$237.70
Days on Market244
Property Features for 1812 W MASTER Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Interior features
Ceiling Fan(s)
Subdivision
FRANCISVILLE
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,788 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
7186
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Building Details
Year built
1915
Number of units
2
Building materials
Masonry
Listing Agency:
Realty Mark Cityscape
(215) 583-7777
Listed By:
Kevin Gov · License #RS335824
(267) 939-0147
Added: Dec 1, 2025
Changed: Jul 30
Last Checked: Aug 2 at 7:06PM
MLS# PAPH2562850
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Tenant-occupied duplex built in 1915, featuring two separately metered units with newer mechanicals. Both units have their own washer and dryer and central air, with hot water heating. The first-floor unit includes two bedrooms and one bathroom, along with a private oversized backyard, a storage shed, and a full basement. Interior finishes include hardwood flooring and exposed brick, plus a modern kitchen with a full appliance package including a dishwasher.
The second-floor apartment offers a bright bi-level, loft-style layout with two large bedrooms, two full bathrooms, skylights, exposed brick, and hardwood floors. Parking is on street, and the property’s construction is masonry.
The duplex sits on a 0.0363-acre lot with 1,788 square feet of building area at 1812 W Master Street, Philadelphia, PA 19121, and is described as about a 7-minute walk to the Broad Street Line.
The second-floor apartment offers a bright bi-level, loft-style layout with two large bedrooms, two full bathrooms, skylights, exposed brick, and hardwood floors. Parking is on street, and the property’s construction is masonry.
The duplex sits on a 0.0363-acre lot with 1,788 square feet of building area at 1812 W Master Street, Philadelphia, PA 19121, and is described as about a 7-minute walk to the Broad Street Line.
Key Highlights
- Tenant‑occupied duplex with two separately metered units and newer mechanicals
- Central air in both units plus in‑unit washer and dryer
- First‑floor unit: two bedrooms, one bathroom, private oversized backyard and storage shed
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 |
1,788 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
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 - Tenant-occupied duplex with two units, central air, separate meters, and in-unit washer and dryer.
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: Tenant‑occupied duplex with two separately metered units and newer mechanicals; Central air in both units plus in‑unit washer and dryer; First‑floor unit: two bedrooms, one bathroom, private oversized backyard and storage shed
