Brewerytown Duplex: Investment
2942 W MASTER Street Philadelphia, PA 19121
For Sale
$590,000
MULTI_FAMILY - Contemporary - PHILADELPHIA, PA
Property Size1,952 SF
Lot Size0.02 Acres
Price / SF$302.25
Days on Market63
Property Features for 2942 W MASTER Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Parking features
- On Street, Off Street
- Standard status
- Active
- Size
- 1,952 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1496
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2019
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Contemporary
Listing Agency:
Prestige Group Inc
(610) 902-3900
Listed By:
Arun Philip · License #RS357925
(267) 401-4883
Added: May 23
Changed: Jul 9
Last Checked: Jul 24 at 4:06PM
MLS# PAPH2624078
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.
Located in the rapidly developing Brewerytown section of Philadelphia, this well-maintained duplex presents a versatile investment opportunity. The property is appealing to both seasoned investors and owner-occupants looking to offset living expenses through rental income. It features two separate residential units characterized by spacious layouts, modern construction, and functional floor plans, suggesting strong long-term rental potential. One unit is currently occupied by a long-term tenant, providing immediate rental income and stability. The property offers flexibility and value in one of Philadelphia’s active rental markets, making it suitable for expanding an investment portfolio or for house-hacking. A remaining tax abatement contributes to attractive ownership economics for both investors and owner-occupants. The location is near public transportation, Fairmount Park, Temple University, major highways, and various neighborhood restaurants, cafes, and retail destinations, attracting steady tenant demand and contributing to ongoing neighborhood growth. The property size is 1952 square feet, situated on a lot of 0.0185 acres.
Key Highlights
- Income‑producing duplex in rapidly developing Brewerytown.
- Immediate rental income from long‑term tenant.
- Remaining tax abatement for 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, offering immediate rental income.
Where is this duplex located?
The property is located at 2942 W 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: Income‑producing duplex in rapidly developing Brewerytown.; Immediate rental income from long‑term tenant.; Remaining tax abatement for attractive ownership economics.
