Updated End-Row
2050 Reed Street Philadelphia, PA 19146
For Sale
$335,000
Updated two-story brick end-row duplex with two separately metered units and in-unit laundry in both units.
Property Size1,508 SF
Price / SF$222.15
Days on Market41
Property Features for 2050 Reed Street
General Information
- Standard status
- Active
- Size
- 1,508 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1923
Listing Agency:
RE/MAX Prime Real Estate
(610) 622-7500
Listed By:
Jaimee A. Cohen · License #RM424669
(610) 622-7500
Source:
Compass
Added: Jun 14
Changed: Jul 21
Last Checked: Jul 23 at 9:45AM
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 RE/MAX Prime Real Estate
Investment Insights
Based on property information with market context.
This updated two-story brick end-row duplex features two separately metered living units with shared water service. The first-floor unit offers 1–2 bedrooms, in-unit laundry, an updated kitchen and bathroom, vinyl flooring, and direct access to the full basement, providing additional storage and utility access.
The second-floor unit includes 2 bedrooms, a full updated kitchen and bathroom, vinyl flooring, an exposed brick accent wall, and in-unit laundry. The full basement is accessible through the first-floor unit and offers storage potential.
Located on a residential street in the Point Breeze section of South Philadelphia, the property is described as being convenient to shopping, dining, public transportation, and major commuter routes. The listing also notes that the buyer is responsible for 100% transfer tax and identifies the property as a Fannie Mae HomePath property subject to HomePath requirements.
The second-floor unit includes 2 bedrooms, a full updated kitchen and bathroom, vinyl flooring, an exposed brick accent wall, and in-unit laundry. The full basement is accessible through the first-floor unit and offers storage potential.
Located on a residential street in the Point Breeze section of South Philadelphia, the property is described as being convenient to shopping, dining, public transportation, and major commuter routes. The listing also notes that the buyer is responsible for 100% transfer tax and identifies the property as a Fannie Mae HomePath property subject to HomePath requirements.
Key Highlights
- Updated 2‑story brick end‑row duplex in Point Breeze
- Two separately metered living units with shared water service
- In‑unit laundry in both units
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 | $38.9k | $25.80 |
| − Vacancy | −$2.1k | −$1.42 |
| EGI | $36.8k | $24.38 |
| − OpEx | −$11.0k | −$7.31 |
| NOI | $25.7k | $17.06 |
1,508 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$367.6K
$321.7K – $428.9K
NOI $25,734 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$338.9K
$296.5K – $395.3K
NOI $23,720 @ 7.0% cap · market cap 7.08%
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 - Updated two-story brick end-row duplex with two separately metered units and in-unit laundry in both units.
Where is this duplex located?
The property is located at 2050 Reed Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Updated 2‑story brick end‑row duplex in Point Breeze; Two separately metered living units with shared water service; In‑unit laundry in both units
