Two-Unit Residential Income
For Sale
$450,000
1941 S 30TH Street, Philadelphia, PA 19145
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,560 SF
Lot Size0.06 Acres
Price / SF$288.46
Days on Market47
Property Features for 1941 S 30TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Subdivision
GRAYS FERRY
Elementary school
JAMES ALCORN SCHOOL
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,560 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
3843
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1950
Number of units
2
Building materials
Masonry
Listing Agency:
Century 21 Advantage Gold-South Philadelphia · Century 21 Real Estate
(215) 465-1400
Listed By:
Frank J Jacovini · License #AB061238L
(215) 519-0899
Added: Jun 26
Changed: Jul 7
Last Checked: Aug 11 at 6:06PM
MLS# PAPH2641572
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.
1941 S. 30th Street is a mixed-use residential income property currently configured as two spacious 2-bedroom apartments. The building provides a straightforward two-unit layout suitable for rental housing or an owner-occupant arrangement. According to the owner, there may be potential to construct a second building on the property, and buyers are encouraged to conduct their own due diligence regarding zoning and development possibilities.
The property is located in South Philadelphia with convenient access to public transportation, shopping, dining, parks, and major commuter routes, supporting day-to-day connectivity for tenants and occupants.
This configuration can fit buyers looking for income from two established units, or those interested in living in one unit while renting the other. For investors and owner-operators, the owner-reported opportunity to explore additional development on-site adds a separate planning track that should be validated through the appropriate local approvals. The property may also be purchased as part of a package with additional nearby properties on Dover Street, subject to the terms of that offering.
The property is located in South Philadelphia with convenient access to public transportation, shopping, dining, parks, and major commuter routes, supporting day-to-day connectivity for tenants and occupants.
This configuration can fit buyers looking for income from two established units, or those interested in living in one unit while renting the other. For investors and owner-operators, the owner-reported opportunity to explore additional development on-site adds a separate planning track that should be validated through the appropriate local approvals. The property may also be purchased as part of a package with additional nearby properties on Dover Street, subject to the terms of that offering.
Key Highlights
- Masonry construction with hot water heating and on‑street parking
- Built in 1950, with a basement included
- Currently configured as two spacious 2‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,621
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$532,420
$532.4K
Cap Rate 7%
$380,300
$380.3K
Cap Rate 9%
$295,789
$295.8K
Market Conditions
NOI Build-Up for 1,560 SF
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.
Gross rent
$40.2K $25.80/SF
− Vacancy
−$2.2K −$1.42/SF
EGI
$38.0K $24.38/SF
− OpEx
−$11.4K −$7.31/SF
NOI
$26.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$532,420
Cap Rate 7%
$380,300
Cap Rate 9%
$295,789
Alternative Uses
Best Use
Multifamily LT 5
$380.3K
$332.8K – $443.7K
NOI $26,621 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$350.5K
$306.7K – $409.0K
NOI $24,538 @ 7.0% cap · market cap 5.45%
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
800
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 - Two 2-bedroom apartments with an owner-reported possibility for expansion on the lot.
Where is this duplex located?
The property is located at 1941 S 30TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Masonry construction with hot water heating and on‑street parking; Built in 1950, with a basement included; Currently configured as two spacious 2‑bedroom apartments
