Newer-Construction Duplex with In-Unit
1826 W NORRIS Street Philadelphia, PA 19121
For Sale
$415,000
MULTI_FAMILY - Contemporary, Split Level - PHILADELPHIA, PA
Property Size1,839 SF
Lot Size0.02 Acres
Price / SF$225.67
Days on Market114
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
- Split Level, Contemporary
Listing Agency:
OCF Realty LLC - Philadelphia
(215) 735-7368
Listed By:
Thaddeus Dynakowski III · License #3252654
(215) 995-3199
Added: Apr 1
Changed: Jul 14
Last Checked: Jul 23 at 5:06PM
MLS# PAPH2597220
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.
Built in 2014, this contemporary split-level duplex offers two oversized bi-level apartments. Each unit features four bedrooms and two full bathrooms, hardwood floors, central air and heat, and an in-unit washer and dryer. The property also includes separate utilities and has been professionally maintained by a full-service property management company.
The duplex is located at 1826 W Norris Street in Philadelphia, near Temple University. The current arrangement generates nearly $40,000 in annual income with in-place cash flow. Unit B is scheduled to become vacant in July, creating an opportunity to reset the unit’s rental terms ahead of the next typical lease timeline. The offering is available individually or as part of a portfolio package that also includes nearby properties at 1716 W Norris St and 1921 N Gratz St.
The duplex is located at 1826 W Norris Street in Philadelphia, near Temple University. The current arrangement generates nearly $40,000 in annual income with in-place cash flow. Unit B is scheduled to become vacant in July, creating an opportunity to reset the unit’s rental terms ahead of the next typical lease timeline. The offering is available individually or as part of a portfolio package that also includes nearby properties at 1716 W Norris St and 1921 N Gratz St.
Key Highlights
- 2014‑built duplex at 1826 W Norris St with two oversized bi‑level apartments
- Each unit has 4 bedrooms and 2 full bathrooms with approximately 1,500 sq ft per unit
- Units feature hardwood floors, central air, heat pump 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - 2014-built duplex with two bi-level 4-bedroom units, in-unit washer/dryer, and separate utilities.
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 at 1826 W Norris St with two oversized bi‑level apartments; Each unit has 4 bedrooms and 2 full bathrooms with approximately 1,500 sq ft per unit; Units feature hardwood floors, central air, heat pump heat, and in‑unit washer and dryer
