Two-Unit Residential Income
1941 South 30th Street Philadelphia, PA 19145
For Sale
$450,000
Property is currently configured with two spacious 2-bedroom apartments and offers potential for further development on-site.
Property Size1,560 SF
Price / SF$288.46
Days on Market43
Property Features for 1941 South 30th Street
General Information
- Standard status
- Active
- Size
- 1,560 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1950
Listing Agency:
Century 21 Advantage Gold-South Philadelphia
(215) 519-0899
Listed By:
Frank J Jacovini · License #AB061238L
(215) 519-0899
Source:
Compass
Added: Jun 12
Changed: Jul 21
Last Checked: Jul 23 at 8:56AM
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 Century 21 Advantage Gold-South Philadelphia
Investment Insights
Based on property information with market context.
1941 S. 30th Street is a mixed-use duplex currently configured with two 2-bedroom apartments. The property is presented as income-producing residential housing with space and flexibility for an owner-occupant or investor to operate the units as-is.
According to the owner, there may be the potential to construct a second building on the property, and buyers are encouraged to perform their own due diligence regarding zoning and development possibilities. The property is described as conveniently located near public transportation, shopping, dining, parks, and major commuter routes in a South Philadelphia neighborhood.
The listing notes the property may be purchased as part of a package with 1822, 1827, and 1830 Dover Sts.
According to the owner, there may be the potential to construct a second building on the property, and buyers are encouraged to perform their own due diligence regarding zoning and development possibilities. The property is described as conveniently located near public transportation, shopping, dining, parks, and major commuter routes in a South Philadelphia neighborhood.
The listing notes the property may be purchased as part of a package with 1822, 1827, and 1830 Dover Sts.
Key Highlights
- Mixed‑use property built in 1950 at 1941 S. 30th Street
- Currently configured as two spacious 2‑bedroom apartments
- Potential for expansion with possible construction of a second building on‑site (buyer to verify)
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 | $40.2k | $25.80 |
| − Vacancy | −$2.2k | −$1.42 |
| EGI | $38.0k | $24.38 |
| − OpEx | −$11.4k | −$7.31 |
| NOI | $26.6k | $17.06 |
1,560 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Property is currently configured with two spacious 2-bedroom apartments and offers potential for further development on-site.
Where is this duplex located?
The property is located at 1941 South 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: Mixed‑use property built in 1950 at 1941 S. 30th Street; Currently configured as two spacious 2‑bedroom apartments; Potential for expansion with possible construction of a second building on‑site (buyer to verify)
