Two-Unit Residential
For Sale
$358,000
2018 N 18TH ST, Philadelphia, PA 19121
Duplex with two levels offering separate bedroom and bath configurations, generating stated rental income.
Property Size1,893 SF
Price / SF$189.12
Days on Market116
Property Features for 2018 N 18TH ST
General Information
Standard status
Active
Size
1,893 SF
Property subtype
Multi-family
Site & Location
Neighborhood
North Philadelphia
Listing Agency:
Bright Home Realty, LLC
(215) 613-7276
Listed By:
Bin Mei Zhang · License #RS324520
(267) 206-9060
Source:
Careyrealtygroup
Added: Jul 8
Changed: Oct 25
Last Checked: Oct 30 at 1:50PM
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 Bright Home Realty, LLC
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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
Estimated NOI and Cap Rate
NOI / Yr
$32,304
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$646,080
$646.1K
Cap Rate 7%
$461,486
$461.5K
Cap Rate 9%
$358,933
$358.9K
Market Conditions
NOI Build-Up for 1,893 SF
Gross rent
$48.8K $25.80/SF
− Vacancy
−$2.7K −$1.42/SF
EGI
$46.1K $24.38/SF
− OpEx
−$13.8K −$7.31/SF
NOI
$32.3K $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%
$646,080
Cap Rate 7%
$461,486
Cap Rate 9%
$358,933
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,097
Businesses Nearby
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Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
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
Frequently Asked Questions
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 ST 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
