Custom Two-Unit
For Sale
$400,000
2326 S 12TH STREET S, Philadelphia, PA 19148
Corner duplex with separate entrances, distinctive interior finishes, and private outdoor space.
Property Size1,856 SF
Days on Market57
Property Features for 2326 S 12TH STREET S
General Information
Standard status
Active
Size
1,856 SF
Property subtype
Duplex
Site & Location
Neighborhood
North Philadelphia
Public Transit
Yes
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,968
Amenities
private garden
Building Details
Building Size
1,856 SF
Year Built
1925
Buildings
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Donna A Young · License #AB065551
(215) 641-2727
Source:
Patmckennarealtors
Added: Sep 6
Changed: Oct 31
Last Checked: Oct 30 at 10:18PM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1925, this corner duplex contains two separately entered residences with distinct layouts and mechanical services. The first-floor home combines living, dining, and kitchen areas beneath 12-foot ceilings, with custom cabinetry, stainless steel appliances, quartzite countertops, hardwood flooring, exposed brick, a flexible bedroom or office, a primary bedroom with walk-in closet, and a bath with heated tile flooring. It also opens to a walled garden and provides access to an unfinished basement with washer and dryer hookups.
The upper residence includes an eat-in kitchen with concrete counters, stainless steel appliances, banquette seating, a bedroom, and a turreted living room with oversized windows, original hardwood floors, and exposed brick. Its bath includes a claw-foot tub, heated tile flooring, and stacked laundry. Separate heating, cooling, and electric services serve each unit; the second floor also has newer windows.
The property is located on a SEPTA bus route near Broad Street and the subway, approximately 7 miles from Philadelphia International Airport.
The upper residence includes an eat-in kitchen with concrete counters, stainless steel appliances, banquette seating, a bedroom, and a turreted living room with oversized windows, original hardwood floors, and exposed brick. Its bath includes a claw-foot tub, heated tile flooring, and stacked laundry. Separate heating, cooling, and electric services serve each unit; the second floor also has newer windows.
The property is located on a SEPTA bus route near Broad Street and the subway, approximately 7 miles from Philadelphia International Airport.
Key Highlights
- Two‑unit corner duplex built in 1925
- First‑floor residence features 12‑foot ceilings and access to a private walled garden
- Separate heating, cooling, and electric services for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,672
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,440
$633.4K
Cap Rate 7%
$452,457
$452.5K
Cap Rate 9%
$351,911
$351.9K
Market Conditions
NOI Build-Up for 1,856 SF
Gross rent
$47.9K $25.80/SF
− Vacancy
−$2.6K −$1.42/SF
EGI
$45.2K $24.38/SF
− OpEx
−$13.6K −$7.31/SF
NOI
$31.7K $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%
$633,440
Cap Rate 7%
$452,457
Cap Rate 9%
$351,911
Alternative Uses
Best Use
Multifamily LT 5
$452.5K
$395.9K – $527.9K
NOI $31,672 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$417.1K
$364.9K – $486.6K
NOI $29,194 @ 7.0% cap · market cap 7.30%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,912
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Corner duplex with separate entrances, distinctive interior finishes, and private outdoor space.
Where is this duplex located?
The property is located at 2326 S 12TH STREET S Philadelphia, PA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two‑unit corner duplex built in 1925; First‑floor residence features 12‑foot ceilings and access to a private walled garden; Separate heating, cooling, and electric services for each unit
