Turnkey Side-by-Side
2963-65 Cedar Street Philadelphia, PA 19134
For Sale
$379,000
Turnkey side-by-side duplex with two 2-bedroom, 1-bath units, each with central air and separate utility metering.
Property Size1,600 SF
Lot Size0.04 Acres
Price / SF$236.88
Days on Market107
Property Features for 2963-65 Cedar Street
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Lot size
- 0.04 Acres
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing Agency:
KW Empower
(267) 934-2585
Listed By:
Aaron Byles · License #RS-289946
(267) 934-2585
Source:
Compass
Added: Apr 9
Changed: Jul 23
Last Checked: Jul 23 at 10:48AM
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 KW Empower
Investment Insights
Based on property information with market context.
This turnkey side-by-side duplex offers two separate residential units with similar layouts. Each unit features a 2-bedroom, 1-bath configuration with hardwood floors throughout and central air. Both units also include two outdoor spaces: a back yard area and a large gated front patio. Utilities are separately metered, with water included in tenant-paid utilities.
The property is located on a large lot at 2963-65 Cedar Street in Philadelphia’s Port Richmond area. Public transportation is one block away, and the listing notes easy access to I-95.
As a legally zoned duplex, the asset provides straightforward income-producing setup with two independently metered units while allowing room for buyer-directed value-adding improvements.
The property is located on a large lot at 2963-65 Cedar Street in Philadelphia’s Port Richmond area. Public transportation is one block away, and the listing notes easy access to I-95.
As a legally zoned duplex, the asset provides straightforward income-producing setup with two independently metered units while allowing room for buyer-directed value-adding improvements.
Key Highlights
- Turnkey side‑by‑side duplex with two 2‑bedroom, 1‑bath units, each about 800 sq ft
- Each unit features central air and hardwood floors throughout
- Both units have two outdoor spaces: a back yard area and a large gated front patio
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 | $41.3k | $25.80 |
| − Vacancy | −$2.3k | −$1.42 |
| EGI | $39.0k | $24.38 |
| − OpEx | −$11.7k | −$7.31 |
| NOI | $27.3k | $17.06 |
1,600 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$390.1K
$341.3K – $455.1K
NOI $27,304 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$359.5K
$314.6K – $419.5K
NOI $25,167 @ 7.0% cap · market cap 6.64%
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 side-by-side duplex with two 2-bedroom, 1-bath units, each with central air and separate utility metering.
Where is this duplex located?
The property is located at 2963-65 Cedar Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Turnkey side‑by‑side duplex with two 2‑bedroom, 1‑bath units, each about 800 sq ft; Each unit features central air and hardwood floors throughout; Both units have two outdoor spaces: a back yard area and a large gated front patio
