Brewerytown Duplex Investment
2942 Master Street Philadelphia, PA 19121
For Sale
$590,000
Well-maintained duplex in Philadelphia's Brewerytown, ideal for investors or owner-occupants.
Property Size1,952 SF
Price / SF$302.25
Days on Market104
Property Features for 2942 Master Street
General Information
- Standard status
- Active
- Size
- 1,952 SF
- Property subtype
- Multi-Family / Fee Simple
Listing Agency:
Prestige Group Inc
(267) 401-4883
Listed By:
Arun Philip · License #RS357925
(267) 401-4883
Source:
Compass
Added: Apr 12
Changed: Jul 10
Last Checked: Jul 23 at 8:46AM
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 Prestige Group Inc
Investment Insights
Based on property information with market context.
Located in the rapidly developing Brewerytown section of Philadelphia, this well-maintained duplex presents a versatile investment opportunity. The property features two separate residential units characterized by spacious layouts, modern construction, and functional floor plans, offering strong long-term rental potential. One unit is currently occupied by a long-term tenant, providing immediate rental income. The property benefits from a remaining tax abatement. Its location offers convenient access to public transportation, Fairmount Park, Temple University, major highways, and a variety of neighborhood restaurants, cafes, and retail destinations, attracting steady tenant demand and contributing to ongoing neighborhood growth. This 1952-square-foot property is located in the 19121 MLS Area, within the Philadelphia City School District.
Key Highlights
- Duplex in rapidly developing Brewerytown, Philadelphia, offering investment and owner‑occupancy potential.
- Immediate rental income from a long‑term tenant provides stability.
- Remaining tax abatement offers attractive ownership economics.
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 | $50.4k | $25.80 |
| − Vacancy | −$2.8k | −$1.42 |
| EGI | $47.6k | $24.38 |
| − OpEx | −$14.3k | −$7.31 |
| NOI | $33.3k | $17.06 |
1,952 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$475.9K
$416.4K – $555.2K
NOI $33,311 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$438.6K
$383.8K – $511.7K
NOI $30,704 @ 7.0% cap · market cap 5.20%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex in Philadelphia's Brewerytown, ideal for investors or owner-occupants.
Where is this duplex located?
The property is located at 2942 Master Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Duplex in rapidly developing Brewerytown, Philadelphia, offering investment and owner‑occupancy potential.; Immediate rental income from a long‑term tenant provides stability.; Remaining tax abatement offers attractive ownership economics.
