Updated Brick Duplex with Separate
2050 REED Street Philadelphia, PA 19146
2050 REED Street, Philadelphia, PA, 19146
$335,000
For Sale
$335,000
MULTI_FAMILY - Contemporary - PHILADELPHIA, PA
Property Size1,508 SF
Lot Size0.02 Acres
Price / SF$222.15
Days on Market36
Property Features for 2050 REED Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- 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
- Forced Air, Central
Building Details
- Year built
- 1923
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Contemporary
Listing agency
RE/MAX Prime Real Estate
(610) 622-7500
Listed by
Jaimee A. Cohen · License #RM424669
(610) 622-7500
Added: Jun 18 Updated: Jul 17 at 5:51PM Checked: Jul 23 at 3:06AM
MLS# PAPH2638940
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 updated two-story brick end-row duplex includes two separately metered living units with shared water service. The first-floor unit features 1–2 bedrooms, in-unit laundry, updated kitchen and bathroom, vinyl flooring, and direct access to the full basement for added storage and utility access. The second-floor unit offers 2 bedrooms and 1 full bathroom, with an exposed brick accent wall, vinyl flooring, and updated kitchen and bathroom. It also includes in-unit laundry.
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.
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.
Key Highlights
- Updated 2‑story brick end‑row duplex in Point Breeze, South Philadelphia
- Two separately metered living units with shared water service
- First‑floor unit: in‑unit laundry, updated kitchen and bathroom, vinyl flooring, and direct access to the full basement
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 |
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
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Updated two-story brick duplex offers two separately metered units and in-unit laundry for flexible owner-occupant or rental use.
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, South Philadelphia; Two separately metered living units with shared water service; First‑floor unit: in‑unit laundry, updated kitchen and bathroom, vinyl flooring, and direct access to the full basement
