Duplex With Two 2BR/1BA
For Sale
$239,000
2554 South Sheridan Street, Philadelphia, PA 19148
Duplex in Philadelphia’s 19148 zip with two 2-bedroom, 1-bath units, ideal for renovation or owner occupancy.
Property Size1,305 SF
Price / SF$183.14
Days on Market95
Property Features for 2554 South Sheridan Street
General Information
Standard status
Active
Size
1,305 SF
Property subtype
Multi-Family / Fee Simple
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Liberty Real Estate
(484) 714-2488
Listed By:
Xuemei Li · License #RS346389
(484) 714-2488
Source:
Compass
Added: Apr 28
Changed: Jul 10
Last Checked: Jul 31 at 12:06PM
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 Liberty Real Estate
Investment Insights
Based on property information with market context.
This duplex offers two separate residential units, each laid out with two bedrooms and one bathroom. The property is being marketed as a value-add opportunity that requires renovation. For buyers who want to control the finish and configuration decisions, the core structure and unit layout provide a straightforward duplex setup with clear, repeatable living spaces.
Located in South Philadelphia on a quiet block within the 19148 zip code, the home falls under The School District of Philadelphia. The address is 2554 South Sheridan Street, Philadelphia, PA 19148.
The two-unit design makes the property well-suited for an investor seeking a renovation project or an owner-occupant planning to live in one unit while renting the other. Renovation scope will be a key consideration, but the consistent 2-bedroom, 1-bath configuration can simplify planning across both units.
Located in South Philadelphia on a quiet block within the 19148 zip code, the home falls under The School District of Philadelphia. The address is 2554 South Sheridan Street, Philadelphia, PA 19148.
The two-unit design makes the property well-suited for an investor seeking a renovation project or an owner-occupant planning to live in one unit while renting the other. Renovation scope will be a key consideration, but the consistent 2-bedroom, 1-bath configuration can simplify planning across both units.
Key Highlights
- Duplex in Philadelphia’s 19148 zip code with two separate 2‑bedroom, 1‑bath units
- Year built: 1920
- Requires renovation, with both units featuring a functional 2BR/1BA layout
Financial Insights For Apartment 5plus
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 | $39.6k | $30.36 |
| − Vacancy | −$2.3k | −$1.76 |
| EGI | $37.3k | $28.60 |
| − OpEx | −$16.8k | −$12.87 |
| NOI | $20.5k | $15.73 |
1,305 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$318.1K
$278.4K – $371.2K
NOI $22,270 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$293.2K
$256.6K – $342.1K
NOI $20,527 @ 7.0% cap · market cap 8.59%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,272
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Philadelphia’s 19148 zip with two 2-bedroom, 1-bath units, ideal for renovation or owner occupancy.
Where is this duplex located?
The property is located at 2554 South Sheridan Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Duplex in Philadelphia’s 19148 zip code with two separate 2‑bedroom, 1‑bath units; Year built: 1920; Requires renovation, with both units featuring a functional 2BR/1BA layout
