2-Unit Duplex with Finished
For Sale
$595,000
2520 S CLEVELAND STREET, Philadelphia, PA 19145
Separate kitchens and distinct bedroom layouts define the two residences.
Property Size1,825 SF
Price / SF$326.03
Days on Market28
Property Features for 2520 S CLEVELAND STREET
General Information
Standard status
Active
Size
1,825 SF
Property subtype
Duplex
Site & Location
Neighborhood
South Philadelphia
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
finished basement
private rear patio
Building Details
Year Built
1920
Listing Agency:
SERHANT PENNSYLVANIA LLC
(610) 635-9977
Listed By:
Michael T. Dougherty · License #RS336999
(267) 432-6555
Source:
Cummingsrealtors
Added: Oct 9
Changed: Nov 5
Last Checked: Nov 4 at 3:29PM
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 SERHANT PENNSYLVANIA LLC
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Investment Insights
Based on property information with market context.
This 2-unit duplex at 2520 S Cleveland Street contains five bedrooms and three full bathrooms. The first-floor residence has two bedrooms, two bathrooms, a kitchen, hardwood floors, a finished basement, and access to a private rear patio. The second-floor unit includes three bedrooms, one bathroom, a separate kitchen, hardwood flooring, and natural light. The property was built in 1920 and measures 1,825 square feet.
The property is in Girard Estates in South Philadelphia, on a block described as tree-lined and characterized by classic Philadelphia architecture. Public transportation and Center City are accessible from the property.
The property is in Girard Estates in South Philadelphia, on a block described as tree-lined and characterized by classic Philadelphia architecture. Public transportation and Center City are accessible from the property.
Key Highlights
- Two‑unit property with five bedrooms and three full bathrooms
- First‑floor unit has two bedrooms, two bathrooms, and a finished basement
- Second‑floor unit includes three bedrooms, one bathroom, and a separate kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,143
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,860
$622.9K
Cap Rate 7%
$444,900
$444.9K
Cap Rate 9%
$346,033
$346.0K
Market Conditions
NOI Build-Up for 1,825 SF
Gross rent
$47.1K $25.80/SF
− Vacancy
−$2.6K −$1.42/SF
EGI
$44.5K $24.38/SF
− OpEx
−$13.3K −$7.31/SF
NOI
$31.1K $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%
$622,860
Cap Rate 7%
$444,900
Cap Rate 9%
$346,033
Alternative Uses
Best Use
Multifamily LT 5
$444.9K
$389.3K – $519.1K
NOI $31,143 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$410.1K
$358.8K – $478.4K
NOI $28,706 @ 7.0% cap · market cap 4.82%
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
2,754
Businesses Nearby
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Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate kitchens and distinct bedroom layouts define the two residences.
Where is this duplex located?
The property is located at 2520 S CLEVELAND STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two‑unit property with five bedrooms and three full bathrooms; First‑floor unit has two bedrooms, two bathrooms, and a finished basement; Second‑floor unit includes three bedrooms, one bathroom, and a separate kitchen
