6-Bed Duplex Income
1923 North 18th Street Philadelphia, PA 19121
For Sale
$580,000
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 Market385
Property Features for 1923 North 18th Street
General Information
- Standard status
- Active
- Size
- 2,724 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2012
Listing Agency:
Realty Mark Associates - KOP
(215) 287-5678
Listed By:
Donglei Tian
(215) 287-5678
Source:
Compass
Added: Jul 6, 2025
Changed: Jul 22
Last Checked: Jul 24 at 2:59PM
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 Realty Mark Associates - KOP
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 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 | $70.3k | $25.80 |
| − Vacancy | −$3.9k | −$1.42 |
| EGI | $66.4k | $24.38 |
| − OpEx | −$19.9k | −$7.31 |
| NOI | $46.5k | $17.06 |
2,724 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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 North 18th Street 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
