Renovated Duplex with Fenced
2408 Turner Street Philadelphia, PA 19121
For Sale
$400,000
Turnkey renovated duplex with two units, including a private fenced outdoor space and new mechanical systems.
Property Size1,368 SF
Price / SF$292.40
Days on Market161
Property Features for 2408 Turner Street
General Information
- Standard status
- Active
- Size
- 1,368 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing Agency:
Coldwell Banker Realty
(215) 630-7002
Listed By:
Jake Himmelstein
(215) 630-7002
Source:
Compass
Added: Feb 13
Changed: Jul 21
Last Checked: Jul 24 at 12:05PM
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
Investment Insights
Based on property information with market context.
This turnkey duplex has been fully renovated and is set up as a two-unit income property. One side offers a 3-bedroom, 2-full-bath layout, while the other offers a 1-bedroom, 1-bath layout. The property also includes a private fenced-in outdoor space.
The listing notes 9 years remaining on an abatement. Brand new mechanical systems have been installed, and recent upgrades throughout are intended to support a low-maintenance ownership experience.
With both units identified as vacant, the duplex provides flexibility for an owner seeking rental income or for an owner-occupant approach.
The listing notes 9 years remaining on an abatement. Brand new mechanical systems have been installed, and recent upgrades throughout are intended to support a low-maintenance ownership experience.
With both units identified as vacant, the duplex provides flexibility for an owner seeking rental income or for an owner-occupant approach.
Key Highlights
- Renovated duplex built in 1915 with 2 units: a 3 bed / 2 full bath unit and a 1 bed / 1 bath unit
- 9 years left on an abatement, adding potential tax incentive for the buyer
- Vacant units provide flexibility to lease at market rate or to owner‑occupy
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 | $35.3k | $25.80 |
| − Vacancy | −$1.9k | −$1.42 |
| EGI | $33.3k | $24.38 |
| − OpEx | −$10.0k | −$7.31 |
| NOI | $23.3k | $17.06 |
1,368 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$333.5K
$291.8K – $389.1K
NOI $23,345 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$307.4K
$269.0K – $358.6K
NOI $21,518 @ 7.0% cap · market cap 5.38%
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 - Turnkey renovated duplex with two units, including a private fenced outdoor space and new mechanical systems.
Where is this duplex located?
The property is located at 2408 Turner Street 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: Renovated duplex built in 1915 with 2 units: a 3 bed / 2 full bath unit and a 1 bed / 1 bath unit; 9 years left on an abatement, adding potential tax incentive for the buyer; Vacant units provide flexibility to lease at market rate or to owner‑occupy
