Occupied Two-Unit
For Sale
$525,000
2440 W JEFFERSON ST, Philadelphia, PA 19121
Two occupied residences offer separate living areas and outdoor access.
Property Size2,280 SF
Price / SF$230.26
Days on Market90
Property Features for 2440 W JEFFERSON ST
General Information
Standard status
Active
Size
2,280 SF
Property subtype
Multi-family
Occupancy
100%
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Amenities
washer and dryer
back patio
roof deck
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Jim Onesti · License #RS224457L
(484) 429-6769
Source:
Imanirealtors
Added: Jul 24
Changed: Oct 3
Last Checked: Oct 20 at 8:06PM
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 KW Empower
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Investment Insights
Based on property information with market context.
This 2,280-square-foot duplex contains two occupied residences with distinct layouts. The first unit includes three bedrooms, two bathrooms, an updated kitchen, a generous living room, in-unit washer and dryer, and access to a rear patio. The second offers two bedrooms, two bathrooms, a kitchen, a large living area, and entry to a roof deck with skyline views. Tile work and upgraded fixtures are present in all bathrooms.
Located at 2440 W Jefferson Street in Philadelphia, the property includes both above-grade and below-grade square footage. Its two-unit configuration, current occupancy, and varied outdoor spaces provide a clear physical profile for investors evaluating a residential income property.
Located at 2440 W Jefferson Street in Philadelphia, the property includes both above-grade and below-grade square footage. Its two-unit configuration, current occupancy, and varied outdoor spaces provide a clear physical profile for investors evaluating a residential income property.
Key Highlights
- 2,280‑square‑foot duplex with two occupied units
- Unit 1 includes 3 bedrooms, 2 bathrooms, an updated kitchen, washer and dryer, and rear patio access
- Unit 2 features 2 bedrooms, 2 bathrooms, a large living area, and roof deck access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,908
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,160
$778.2K
Cap Rate 7%
$555,829
$555.8K
Cap Rate 9%
$432,311
$432.3K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$58.8K $25.80/SF
− Vacancy
−$3.2K −$1.42/SF
EGI
$55.6K $24.38/SF
− OpEx
−$16.7K −$7.31/SF
NOI
$38.9K $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%
$778,160
Cap Rate 7%
$555,829
Cap Rate 9%
$432,311
Alternative Uses
Best Use
Multifamily LT 5
$555.8K
$486.4K – $648.5K
NOI $38,908 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$512.3K
$448.3K – $597.7K
NOI $35,863 @ 7.0% cap · market cap 6.83%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,594
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences offer separate living areas and outdoor access.
Where is this duplex located?
The property is located at 2440 W JEFFERSON ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,280‑square‑foot duplex with two occupied units; Unit 1 includes 3 bedrooms, 2 bathrooms, an updated kitchen, washer and dryer, and rear patio access; Unit 2 features 2 bedrooms, 2 bathrooms, a large living area, and roof deck access
