Two-Unit Residential
2018 N 18Th Street Philadelphia, PA 19121
For Sale
$358,000
Duplex with two levels offering separate bedroom and bath configurations, generating stated rental income.
Property Size1,893 SF
Price / SF$189.12
Days on Market648
Property Features for 2018 N 18Th Street
General Information
- Standard status
- Active
- Size
- 1,893 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1915
Listing Agency:
Long & Foster Real Estate, Inc.
(609) 744-6614
Listed By:
Brittany Moody
(609) 744-6614
Source:
Thetristaterealestategroup
Added: Oct 16, 2024
Changed: Jul 21
Last Checked: Jul 25 at 2:53AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This duplex is configured with two distinct levels. The first level features 3 bedrooms and 2 bathrooms, providing a full residential layout. The second level includes 3 bedrooms and 1.5 bathrooms.
The property is listed for sale and is described as easy to show. Public remarks indicate stated rent income of $1,300.
Each unit’s layout supports multi-bedroom living across both floors, making the building a straightforward residential income property based on the information provided.
The property is listed for sale and is described as easy to show. Public remarks indicate stated rent income of $1,300.
Each unit’s layout supports multi-bedroom living across both floors, making the building a straightforward residential income property based on the information provided.
Key Highlights
- Duplex with 2 levels and separate bedroom/bath configurations
- First level features 3 bedrooms and 2 baths
- Second level features 3 bedrooms and 1.5 baths
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 | $48.8k | $25.80 |
| − Vacancy | −$2.7k | −$1.42 |
| EGI | $46.1k | $24.38 |
| − OpEx | −$13.8k | −$7.31 |
| NOI | $32.3k | $17.06 |
1,893 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$461.5K
$403.8K – $538.4K
NOI $32,304 @ 7.0% cap · market cap 9.02%
Second Best
Apartment 5plus
$425.4K
$372.2K – $496.3K
NOI $29,776 @ 7.0% cap · market cap 8.32%
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 - Duplex with two levels offering separate bedroom and bath configurations, generating stated rental income.
Where is this duplex located?
The property is located at 2018 N 18Th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $358,000.
What are key features of this property?
This property features: Duplex with 2 levels and separate bedroom/bath configurations; First level features 3 bedrooms and 2 baths; Second level features 3 bedrooms and 1.5 baths
