6-Bed Duplex Income
For Sale
$580,000
1923 N 18TH ST, Philadelphia, PA 19121
Two large bilevel duplex units offer central air, laundry, and fenced backyard space, all currently fully rented.
Property Size2,724 SF
Price / SF$212.92
Days on Market224
Property Features for 1923 N 18TH ST
General Information
Standard status
Active
Size
2,724 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Amenities
fenced backyard
central air and heating
laundry
Building Details
Tenancy
Multi
Listing Agency:
Appreciation Realty LLC
(610) 489-0198
Listed By:
Donglei Tian · License #RS318202
(215) 287-5678
Source:
Imanirealtors
Added: Mar 13
Changed: Oct 9
Last Checked: Oct 20 at 8:22PM
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 Appreciation Realty LLC
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Investment Insights
Based on property information with market context.
This for-sale duplex features two large bilevel units, each with six bedrooms and three bathrooms. Unit 1 includes the first floor and basement level, with a large living room, kitchen, and a fenced backyard, along with laundry located in the basement. The unit layout provides three bedrooms and one bathroom on the first floor and three bedrooms and two bathrooms at the basement level, with egress windows throughout. Each unit also has central air and heating, with laundry available in the units.
The second and third levels are configured as bilevel apartment space with modern kitchens and large living rooms, and they also include egress windows. The property is described as within walking distance to Temple University campus.
The listing indicates the duplex is fully rented, and that utilities are separated, with central heating and air serving the units.
The second and third levels are configured as bilevel apartment space with modern kitchens and large living rooms, and they also include egress windows. The property is described as within walking distance to Temple University campus.
The listing indicates the duplex is fully rented, and that utilities are separated, with central heating and air serving the units.
Key Highlights
- 2012‑built duplex with two large bilevel units, each with central air and heating
- Fully rented with reported income of $6,275/month plus utilities separated at about $1,200/month for total about $7,475/month
- Unit 1: 6 bedrooms, 3 bathrooms with large living room, kitchen, fenced backyard, and laundry in basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,485
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$929,700
$929.7K
Cap Rate 7%
$664,071
$664.1K
Cap Rate 9%
$516,500
$516.5K
Market Conditions
NOI Build-Up for 2,724 SF
Gross rent
$70.3K $25.80/SF
− Vacancy
−$3.9K −$1.42/SF
EGI
$66.4K $24.38/SF
− OpEx
−$19.9K −$7.31/SF
NOI
$46.5K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$929,700
Cap Rate 7%
$664,071
Cap Rate 9%
$516,500
Alternative Uses
Best Use
Multifamily LT 5
$664.1K
$581.1K – $774.8K
NOI $46,485 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$612.1K
$535.6K – $714.1K
NOI $42,847 @ 7.0% cap · market cap 7.39%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,097
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two large bilevel duplex units offer central air, laundry, and fenced backyard space, all currently fully rented.
Where is this duplex located?
The property is located at 1923 N 18TH ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: 2012‑built duplex with two large bilevel units, each with central air and heating; Fully rented with reported income of $6,275/month plus utilities separated at about $1,200/month for total about $7,475/month; Unit 1: 6 bedrooms, 3 bathrooms with large living room, kitchen, fenced backyard, and laundry in basement
