2-Unit Duplex with Finished
New
For Sale
$595,000
2520 S CLEVELAND Street, Philadelphia, PA 19145
Multi-Family, PHILADELPHIA, PA
Property Size1,825 SF
Lot Size0.05 Acres
Price / SF$326.03
Days on Market1
Property Features for 2520 S CLEVELAND Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Subdivision
GIRARD ESTATES
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,825 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5606
Utilities
Heating system
Other (Heating)
Cooling system
Window Unit(s)
Amenities
finished basement
private rear patio
Building Details
Year built
1920
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
SERHANT PENNSYLVANIA LLC
(610) 635-9977
Listed By:
Michael T. Dougherty · License #RS336999
(267) 432-6555
Added: Oct 10
Last Checked: Oct 10 at 7:06AM
MLS# PAPH2678364
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 masonry duplex in Girard Estates contains 1,825 square feet across two residences, with a combined five bedrooms and three full bathrooms. The first-floor unit has two bedrooms, two bathrooms, a full kitchen, hardwood floors, and a finished basement. It also connects to a private rear patio. Upstairs, the second unit offers three bedrooms, one bathroom, a separate full kitchen, hardwood flooring, and natural light. The property was built in 1920 and occupies a 0.0453-acre lot.
The home is on S Cleveland Street in South Philadelphia, within reach of public transportation and Center City. Window unit(s) provide cooling, and the building has other heating.
The home is on S Cleveland Street in South Philadelphia, within reach of public transportation and Center City. Window unit(s) provide cooling, and the building has other heating.
Key Highlights
- Two‑unit property with five bedrooms and three full bathrooms
- First‑floor residence includes two bedrooms, two full bathrooms, and a finished basement
- Upper residence has three bedrooms, one full bathroom, and a separate full 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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,754
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide a five-bedroom configuration, private outdoor space, and additional finished area below grade.
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 residence includes two bedrooms, two full bathrooms, and a finished basement; Upper residence has three bedrooms, one full bathroom, and a separate full kitchen
