1826 W NORRIS Street, Philadelphia, PA 19121
MULTI_FAMILY - Contemporary, Split Level - PHILADELPHIA, PA
- Added:
- Apr 1, 2026
- Days on Market:
- 78
- Last Refresh:
- Jun 17 at 10:06 am
Property Features for 1826 W NORRIS Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,839 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7208
Utilities
- Heating system
- Forced Air, Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 2014
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick, Brick Front, Combination, Concrete, Mixed, Stone, Tile
- Architectural style
- Contemporary, Split Level
Listing agent Thaddeus Dynakowski III License #3252654 (215) 995-3199
Listing office OCF Realty LLC - Philadelphia 1936 Washington Avenue, Philadelphia, PA (215) 735-7368
Listing date Apr 1, 2026
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.
HighLights
- 2014‑built brick‑front duplex with two oversized bi‑level apartments, each with 4 bedrooms and 2 full bathrooms (~1,500 sq ft per unit).
- Central air and forced‑air heating/heat pump; each unit has in‑unit washer and dryer and hardwood floors.
- Separate utilities, plus on‑street parking.
- Near Temple University in a student rental corridor at 1826 W Norris St, with access to SEPTA Broad Street Line and multiple bus routes.
- Current near $40,000 in annual income with in‑place cash flow.
- Unit B is expected to become vacant in July, creating a near‑term opportunity to reposition and potentially increase rental revenue.
Overview
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 | $47.4k | $25.80 |
| − Vacancy | −$2.6k | −$1.42 |
| EGI | $44.8k | $24.38 |
| − OpEx | −$13.4k | −$7.31 |
| NOI | $31.4k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.16427
- Latitude
- 39.98401