2050 REED Street, Philadelphia, PA 19146
MULTI_FAMILY - Contemporary - PHILADELPHIA, PA
- Added:
- Jun 18, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 2050 REED Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Appliances
- Built-In Microwave, Oven - Single, Refrigerator, Stainless Steel Appliances
- Standard status
- Active
- Size
- 1,508 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5018
Utilities
- Heating system
- Central, Forced Air
Building Details
- Year built
- 1923
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Contemporary
Listing agent Jaimee A. Cohen License #RM424669 (610) 622-7500
Listing office RE/MAX Prime Real Estate 238 W Baltimore Avenue, Clifton Heights, PA (610) 622-7500
Listing date Jun 18, 2026
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.
HighLights
- Updated 2‑story brick end‑row duplex in Point Breeze, South Philadelphia (built 1923) with masonry construction
- Two separately metered living units with shared water service
- First‑floor unit: updated kitchen and bathroom, in‑unit laundry, vinyl flooring, and direct access to the full basement
- Second‑floor unit: 2 bedrooms, updated kitchen and bathroom, in‑unit laundry, and an exposed brick accent wall
- Full basement accessible from the first‑floor unit, offering storage and utility access
- Stainless steel appliances and central forced‑air heating; on‑street parking
Overview
Located on a residential street in the Point Breeze section of South Philadelphia, the property is positioned near shopping, dining, public transportation, and major commuter routes. The home sits on a small lot and presents as a well-maintained end-row brick duplex.
The layout is well suited for investors or owner-occupants seeking rental income with the convenience of two distinct units. Separate metering supports utility differentiation, while direct basement access from the first-floor unit provides practical storage and space for utilities. The updated interiors and in-unit laundry in both units add everyday functionality for tenants or residents.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.17892
- Latitude
- 39.9342
