Two-Unit
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 Market12
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)
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
Changed: Oct 21
Last Checked: Oct 21 at 9:06PM
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.
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Investment Insights
Based on property information with market context.
This 1,825-square-foot masonry duplex, built in 1920, contains two residences with five bedrooms and three full bathrooms in total. The first-floor unit has two bedrooms, two bathrooms, hardwood floors, and a full kitchen. A finished basement adds interior space, and the unit also opens to a private rear patio. The upper residence includes three bedrooms, one bathroom, hardwood flooring, and its own full kitchen. Window-unit cooling serves the property.
The property occupies a 0.0453-acre lot in Philadelphia’s Girard Estates neighborhood. The location provides access to public transportation and Center City.
The property occupies a 0.0453-acre lot in Philadelphia’s Girard Estates neighborhood. The location provides access to public transportation and Center City.
Key Highlights
- Two‑unit duplex with 5 bedrooms and 3 full bathrooms
- 1,825 square feet on a 0.0453‑acre lot
- First‑floor residence has 2 bedrooms, 2 bathrooms, a finished basement, and private rear patio
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.
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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 - The property combines a two-bedroom residence with a three-bedroom residence, each equipped with a full kitchen.
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 duplex with 5 bedrooms and 3 full bathrooms; 1,825 square feet on a 0.0453‑acre lot; First‑floor residence has 2 bedrooms, 2 bathrooms, a finished basement, and private rear patio
