Remodeled Duplex with Two
For Sale
$460,000
2001 S NORWOOD Street, Philadelphia, PA 19145
Multi-Family, PHILADELPHIA, PA
Property Size1,530 SF
Lot Size0.02 Acres
Price / SF$300.65
Days on Market545
Property Features for 2001 S NORWOOD Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,530 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
2445
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1920
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Homestarr Realty
(215) 355-5565
Listed By:
Gerald P Hill · License #RM421402
(267) 242-9172
Added: Apr 14, 2025
Changed: Sep 23
Last Checked: Oct 10 at 11:06AM
MLS# PAPH2467006
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.
This 1,530-square-foot duplex offers two residential units within a masonry building constructed in 1920. Recent improvements include new plumbing, HVAC systems, a roof replacement, and updated flooring. Unit A contains 3 bedrooms and 2 baths, while Unit B provides 2 bedrooms and 1 bath. Both units are occupied, and Unit B has a one-year lease. A tax abatement is also in place.
The property occupies a 0.0187-acre lot at 2001 S Norwood Street in Philadelphia’s West Passyunk neighborhood. On-street parking is available, and the property includes forced-air heating and central air conditioning. Public transportation and major highways provide access to surrounding parts of the city.
The property occupies a 0.0187-acre lot at 2001 S Norwood Street in Philadelphia’s West Passyunk neighborhood. On-street parking is available, and the property includes forced-air heating and central air conditioning. Public transportation and major highways provide access to surrounding parts of the city.
Key Highlights
- Two‑unit duplex with 3‑bedroom/2‑bath and 2‑bedroom/1‑bath layouts
- 1,530 square feet on a 0.0187‑acre lot
- Recent plumbing, HVAC, roof, and flooring updates
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
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
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 - Updated masonry property with occupied two- and three-bedroom residences in West Passyunk.
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‑unit duplex with 3‑bedroom/2‑bath and 2‑bedroom/1‑bath layouts; 1,530 square feet on a 0.0187‑acre lot; Recent plumbing, HVAC, roof, and flooring updates
