Turnkey Duplex Opportunity in
For Sale
$360,000
2408 TURNER Street, Philadelphia, PA 19121
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,368 SF
Lot Size0.02 Acres
Price / SF$263.16
Days on Market153
Property Features for 2408 TURNER Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,368 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
5004
Utilities
Heating system
Forced Air
Cooling system
Ductless
Building Details
Year built
1915
Number of units
1
Building materials
Masonry
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(610) 828-9558
Listed By:
Jake Himmelstein
(215) 630-7002
Added: Feb 28
Changed: Jun 9
Last Checked: Jul 31 at 8:06PM
MLS# PAPH2586724
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 is a fully renovated duplex offering strong upside potential. The property features a spacious 3-bedroom, 2-full-bathroom unit and a 1-bedroom, 1-bathroom unit with 9 years remaining on abatement. The property will be delivered vacant. It also includes a private fenced-in outdoor space, adding valuable tenant appeal, along with brand new mechanical systems for added efficiency and peace of mind. The vacant units create flexibility to lease at market rate for strong cash flow or for owner-occupancy. Recent upgrades throughout minimize capital expenditures and position this as a low-maintenance addition to any portfolio. This property is ideal for investors seeking stability with upside or buyers looking for a strategic path to homeownership. The property size is 1368 square feet and the lot size is 0.0182 acres.
Key Highlights
- Turnkey, fully renovated duplex delivered vacant, offering immediate rental income potential or owner‑occupancy.
- Enjoy 9 years remaining on tax abatement, significantly reducing property taxes.
- Spacious unit mix: one 3‑bedroom/2‑bathroom unit and one 1‑bedroom/1‑bathroom unit.
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 6.48%
Second Best
Apartment 5plus
$307.4K
$269.0K – $358.6K
NOI $21,518 @ 7.0% cap · market cap 5.98%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,565
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated duplex with upside potential and tenant appeal.
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 $360,000.
What are key features of this property?
This property features: Turnkey, fully renovated duplex delivered vacant, offering immediate rental income potential or owner‑occupancy.; Enjoy 9 years remaining on tax abatement, significantly reducing property taxes.; Spacious unit mix: one 3‑bedroom/2‑bathroom unit and one 1‑bedroom/1‑bathroom unit.
