Philadelphia Multi-Unit Investment
For Sale
$284,900
1854 TREE Street, Philadelphia, PA 19145
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,190 SF
Lot Size0.02 Acres
Price / SF$239.41
Days on Market114
Property Features for 1854 TREE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Subdivision
PHILADELPHIA (SOUTH)
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,190 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
3502
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1920
Number of units
2
Building materials
Masonry
Listing Agency:
DJCRE Inc.
(215) 271-7070
Listed By:
Frederic D Musilli · License #RM421769
(215) 271-7070
Added: Apr 9
Changed: Jun 9
Last Checked: Jul 31 at 6:06PM
MLS# PAPH2606058
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.
This multi-unit property is located in South Philadelphia. The property, with a size of 1190 square feet and a lot size of 0.0161 acres, features two one-bedroom apartments. The property is in below average condition, presenting an opportunity for investors. There is potential for a coin-operated laundry in the basement. This property is suitable for a long-term investor or an owner-operator looking to add to their portfolio.
Key Highlights
- Multi‑unit property in South Philadelphia.
- Excellent investment opportunity with upside potential.
- Two one‑bedroom apartments.
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 | $30.7k | $25.80 |
| − Vacancy | −$1.7k | −$1.42 |
| EGI | $29.0k | $24.38 |
| − OpEx | −$8.7k | −$7.31 |
| NOI | $20.3k | $17.06 |
1,190 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$290.1K
$253.8K – $338.5K
NOI $20,307 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$267.4K
$234.0K – $312.0K
NOI $18,718 @ 7.0% cap · market cap 6.57%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,186
Businesses Nearby
Explore this area
Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Multi-unit property in South Philadelphia with upside potential.
Where is this duplex located?
The property is located at 1854 TREE Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: Multi‑unit property in South Philadelphia.; Excellent investment opportunity with upside potential.; Two one‑bedroom apartments.
