Turnkey Duplex With In-Unit
2520 South Iseminger Street Philadelphia, PA 19148
For Sale
$399,900
Turnkey duplex on a corner lot with two tenant-occupied one-bedroom units, separate entrances, and in-unit laundry.
Property Size1,400 SF
Price / SF$285.64
Days on Market28
Property Features for 2520 South Iseminger Street
General Information
- Standard status
- Active
- Size
- 1,400 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing Agency:
Coldwell Banker Realty
(215) 768-7533
Listed By:
Michael Scipione · License #RS324251
(215) 768-7533
Source:
Compass
Added: Jun 27
Changed: Jul 22
Last Checked: Jul 23 at 9:31AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
2520 S. Iseminger Street is a turnkey duplex on a corner lot, presented as a well-maintained, recently fully gut-renovated property. The building includes two spacious one-bedroom units, each featuring hardwood flooring, generously sized living areas and bedrooms, and updated modern kitchens and bathrooms. Convenience is built in with in-unit laundry for each residence. Separate entrances provide privacy, and the units are supported by separately metered utilities, supporting straightforward ownership and day-to-day management.
Located in the heart of South Philadelphia, the property is just steps from Broad Street.
With both units currently tenant-occupied, this duplex is positioned to deliver immediate income while offering a straightforward, manageable setup for an owner-operator or investor.
Located in the heart of South Philadelphia, the property is just steps from Broad Street.
With both units currently tenant-occupied, this duplex is positioned to deliver immediate income while offering a straightforward, manageable setup for an owner-operator or investor.
Key Highlights
- Turnkey duplex on a corner lot with two tenant‑occupied 1‑bedroom units
- Previously fully gut‑renovated property with both units currently rented
- Each unit has hardwood flooring and modern kitchens and bathrooms
Financial Insights For Multifamily LT 5
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 | $36.1k | $25.80 |
| − Vacancy | −$2.0k | −$1.42 |
| EGI | $34.1k | $24.38 |
| − OpEx | −$10.2k | −$7.31 |
| NOI | $23.9k | $17.06 |
1,400 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$341.3K
$298.6K – $398.2K
NOI $23,891 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$314.6K
$275.3K – $367.0K
NOI $22,021 @ 7.0% cap · market cap 5.51%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey duplex on a corner lot with two tenant-occupied one-bedroom units, separate entrances, and in-unit laundry.
Where is this duplex located?
The property is located at 2520 South Iseminger Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Turnkey duplex on a corner lot with two tenant‑occupied 1‑bedroom units; Previously fully gut‑renovated property with both units currently rented; Each unit has hardwood flooring and modern kitchens and bathrooms
