Bi-Level Duplex
For Sale
$415,000
1826 W NORRIS STREET, Philadelphia, PA 19121
Each apartment offers a four-bedroom layout with hardwood floors, central air and heat, and in-unit laundry.
Property Size1,839 SF
Days on Market126
Property Features for 1826 W NORRIS STREET
General Information
Standard status
Active
Size
1,839 SF
Property subtype
Duplex
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Additional Details
Gross Income
$40,000
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,208
Amenities
hardwood floors
central air and heat
in-unit washer and dryer
Building Details
Building Size
1,839 SF
Year Built
2014
Buildings
1
Listing Agency:
OCF Realty LLC - Philadelphia
(215) 995-3199
Listed By:
Thaddeus Dynakowski III · License #3252654
(215) 995-3199
Source:
Patmckennarealtors
Added: Apr 1
Changed: Aug 4
Last Checked: Aug 4 at 2:50AM
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 OCF Realty LLC - Philadelphia
Investment Insights
Based on property information with market context.
Built in 2014, this duplex contains two oversized bi-level apartments, each with 4 bedrooms, 2 full bathrooms, and approximately 1,500 sq ft. Interior features include hardwood flooring, central air and heat, in-unit washer and dryer, and abundant natural light. Separate utilities serve the apartments, and the property has been maintained through a full-service property management company.
The property is located at 1826 W Norris Street in Philadelphia, near Temple University Main Campus. Nearby tenant amenities include Maxi's Pizza Subs & Bar, The Draught Horse, and Pub Webb, along with additional shopping and dining. Transit access includes the SEPTA Broad Street Line and multiple bus routes.
Unit B is scheduled to become vacant in July. The property may also be acquired with 1716 W Norris St and 1921 N Gratz St, which are identified as nearby portfolio properties within approximately two blocks.
The property is located at 1826 W Norris Street in Philadelphia, near Temple University Main Campus. Nearby tenant amenities include Maxi's Pizza Subs & Bar, The Draught Horse, and Pub Webb, along with additional shopping and dining. Transit access includes the SEPTA Broad Street Line and multiple bus routes.
Unit B is scheduled to become vacant in July. The property may also be acquired with 1716 W Norris St and 1921 N Gratz St, which are identified as nearby portfolio properties within approximately two blocks.
Key Highlights
- 2014‑built duplex with two bi‑level apartments
- Each unit includes 4 bedrooms, 2 full bathrooms, and approximately 1,500 sq ft
- Hardwood floors, central air and heat, and in‑unit washer and dryer
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 | $47.4k | $25.80 |
| − Vacancy | −$2.6k | −$1.42 |
| EGI | $44.8k | $24.38 |
| − OpEx | −$13.4k | −$7.31 |
| NOI | $31.4k | $17.06 |
1,839 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$448.3K
$392.3K – $523.0K
NOI $31,382 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$413.2K
$361.6K – $482.1K
NOI $28,927 @ 7.0% cap · market cap 6.97%
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
2,097
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 - Each apartment offers a four-bedroom layout with hardwood floors, central air and heat, and in-unit laundry.
Where is this duplex located?
The property is located at 1826 W NORRIS STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 2014‑built duplex with two bi‑level apartments; Each unit includes 4 bedrooms, 2 full bathrooms, and approximately 1,500 sq ft; Hardwood floors, central air and heat, and in‑unit washer and dryer
