Updated Duplex with Modern
For Sale
$460,000
2001 S NORWOOD STREET, Philadelphia, PA 19145
Two occupied units have separate bedroom and bath configurations, with tenants responsible for utilities and water.
Property Size1,530 SF
Days on Market545
Property Features for 2001 S NORWOOD STREET
General Information
Standard status
Active
Size
1,530 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,445
Building Details
Building Size
1,530 SF
Year Built
1920
Listing Agency:
Homestarr Realty
Listed By:
Gerald P Hill · License #RM421402
(267) 242-9172
Source:
Patmckennarealtors
Added: Apr 14, 2025
Changed: Oct 3
Last Checked: Oct 10 at 2:16AM
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 Homestarr Realty
Investment Insights
Based on property information with market context.
This Philadelphia duplex was built in 1920 and recently renovated with new plumbing, HVAC systems, a roof, and flooring. It has two occupied apartments: Unit A offers 3 bedrooms and 2 bathrooms, while Unit B has 2 bedrooms and 1 bathroom. The Unit B lease is for one year.
Tenants pay utilities, including water. The property is in the West Passyunk neighborhood and has a tax abatement.
Tenants pay utilities, including water. The property is in the West Passyunk neighborhood and has a tax abatement.
Key Highlights
- Two occupied apartments: Unit A has 3 bedrooms and 2 bathrooms; Unit B has 2 bedrooms and 1 bathroom
- Recent work includes new plumbing, HVAC systems, a roof, and flooring
- Tenants pay all utilities, including water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,109
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,180
$522.2K
Cap Rate 7%
$372,986
$373.0K
Cap Rate 9%
$290,100
$290.1K
Market Conditions
NOI Build-Up for 1,530 SF
Gross rent
$39.5K $25.80/SF
− Vacancy
−$2.2K −$1.42/SF
EGI
$37.3K $24.38/SF
− OpEx
−$11.2K −$7.31/SF
NOI
$26.1K $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%
$522,180
Cap Rate 7%
$372,986
Cap Rate 9%
$290,100
Alternative Uses
Best Use
Multifamily LT 5
$373.0K
$326.4K – $435.2K
NOI $26,109 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$343.8K
$300.8K – $401.1K
NOI $24,066 @ 7.0% cap · market cap 5.23%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,973
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units have separate bedroom and bath configurations, with tenants responsible for utilities and water.
Where is this duplex located?
The property is located at 2001 S NORWOOD STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Two occupied apartments: Unit A has 3 bedrooms and 2 bathrooms; Unit B has 2 bedrooms and 1 bathroom; Recent work includes new plumbing, HVAC systems, a roof, and flooring; Tenants pay all utilities, including water
