Renovated Philadelphia Duplex For
2440 South 9th Street Philadelphia, PA 19148
For Sale
$495,000
Fully renovated duplex with modern finishes and strong rental potential.
Property Size2,700 SF
Price / SF$183.33
Days on Market59
Property Features for 2440 South 9th Street
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing Agency:
Triamond Realty
(267) 243-1892
Listed By:
Suqing Fan · License #RS304225
(267) 243-1892
Source:
Compass
Added: May 27
Changed: Jul 10
Last Checked: Jul 23 at 10:50AM
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 Triamond Realty
Investment Insights
Based on property information with market context.
This fully renovated duplex offers approximately 2700 square feet of living space on a 30 by 58 lot. Each unit features a 3-bedroom, 2-full bath layout with modern finishes and a functional design. The first-floor unit has been completely renovated with brand-new electrical wiring, new plumbing, new drywall, new windows, and a fully remodeled kitchen and two bathrooms. The second-floor unit was renovated approximately 5-6 years ago and has been well maintained. Separate electric and gas utilities for each unit make management easy and efficient. The property is move-in ready, presenting an opportunity for homeowners looking to live in one unit and rent the other, or for investors seeking strong rental potential. Its modern updates, low maintenance design, and excellent condition make this property stand out. Located in Philadelphia, specifically within MLS Area 19148, the property falls within the PHILADELPHIA CITY School District.
Key Highlights
- Fully renovated double property with approximately 2700 sqft of living space.
- Each unit features a 3‑bedroom, 2‑full bath layout with modern finishes.
- Separate electric and gas utilities for each unit.
Financial Insights For Apartment 5plus
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 | $82.0k | $30.36 |
| − Vacancy | −$4.8k | −$1.76 |
| EGI | $77.2k | $28.60 |
| − OpEx | −$34.7k | −$12.87 |
| NOI | $42.5k | $15.73 |
2,700 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$658.2K
$575.9K – $767.9K
NOI $46,075 @ 7.0% cap · market cap 9.31%
Second Best
Apartment 5plus
$606.7K
$530.9K – $707.8K
NOI $42,470 @ 7.0% cap · market cap 8.58%
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
FAQs
What type of property is this?
Duplex - Fully renovated duplex with modern finishes and strong rental potential.
Where is this duplex located?
The property is located at 2440 South 9th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Fully renovated double property with approximately 2700 sqft of living space.; Each unit features a 3‑bedroom, 2‑full bath layout with modern finishes.; Separate electric and gas utilities for each unit.
