Duplex with Finished
New
For Sale
$349,900
2048 S 19TH Street, Philadelphia, PA 19145
Multi-Family, PHILADELPHIA, PA
Property Size1,904 SF
Lot Size0.03 Acres
Price / SF$183.77
Days on Market4
Property Features for 2048 S 19TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Subdivision
WEST PASSYUNK
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,904 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
4402
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1920
Number of units
2
Building materials
Masonry
Listing Agency:
Mercury Real Estate Group
Listed By:
Joseph Cristinzio · License #RM419635
(215) 462-5100
Added: Sep 11
Last Checked: Sep 14 at 9:06AM
MLS# PAPH2669754
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 1,904-square-foot duplex is a 1920 masonry-built property on a 0.025-acre lot. The layout includes a finished basement, a first-floor residence with an attached suite and private entrance, and a second-floor one-bedroom, one-bath unit. The attached suite is currently tenant occupied, while the upper unit requires TLC before being placed into service. Forced-air heat, window-unit cooling, and on-street parking are provided.
The property is located at 2048 S 19TH Street in Philadelphia, PA 19145. The surrounding area is described as being near local amenities, parks, and public transportation. The building’s prior corner-store and apartment configuration adds context to its current residential arrangement, while the separate entrances support distinct occupancy within the property.
The property is located at 2048 S 19TH Street in Philadelphia, PA 19145. The surrounding area is described as being near local amenities, parks, and public transportation. The building’s prior corner-store and apartment configuration adds context to its current residential arrangement, while the separate entrances support distinct occupancy within the property.
Key Highlights
- 1,904 square feet on a 0.025‑acre lot
- Duplex configuration with attached in‑law suite
- Private entrance for the attached suite, which is currently tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,949
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$598,980
$599.0K
Cap Rate 7%
$427,843
$427.8K
Cap Rate 9%
$332,767
$332.8K
Market Conditions
NOI Build-Up for 1,904 SF
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.
Gross rent
$57.8K $30.36/SF
− Vacancy
−$3.4K −$1.76/SF
EGI
$54.5K $28.60/SF
− OpEx
−$24.5K −$12.87/SF
NOI
$29.9K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$598,980
Cap Rate 7%
$427,843
Cap Rate 9%
$332,767
Alternative Uses
Best Use
Multifamily LT 5
$464.2K
$406.2K – $541.5K
NOI $32,492 @ 7.0% cap · market cap 9.29%
Second Best
Apartment 5plus
$427.8K
$374.4K – $499.2K
NOI $29,949 @ 7.0% cap · market cap 8.56%
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
3,208
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
Check the figures for this property
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 - Masonry construction includes a tenant-occupied private-entry suite and a separate upstairs one-bedroom, one-bath unit.
Where is this duplex located?
The property is located at 2048 S 19TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1,904 square feet on a 0.025‑acre lot; Duplex configuration with attached in‑law suite; Private entrance for the attached suite, which is currently tenant occupied
