Renovated Two-Unit
New
For Sale
$359,000
318 S 52nd St, Philadelphia, PA 19143
A separate basement may accommodate commercial use, subject to applicable requirements.
Property Size1,572 SF
Price / SF$228.37
Days on Market7
Property Features for 318 S 52nd St
General Information
Standard status
Active
Size
1,572 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Garden Court
Additional Details
Multifamily Units
2
Building Details
Year Built
1925
Listing Agency:
HomeZu
Listed By:
Christopher J Carr · License #PB00096279
(610) 326-2414
Source:
Viewmarylandhomesforsale
Added: Oct 25
Changed: Oct 28
Last Checked: Oct 30 at 2:39PM
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 HomeZu
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Investment Insights
Based on property information with market context.
This 1,572-square-foot duplex contains two residential units and dates to 1925. Updates include replacement windows, flooring, kitchen, bathroom, appliances, electrical wiring, and baseboard heating. A basement adds space that may be suitable for commercial use, subject to applicable requirements.
The property is located at 318 S. 52nd Street in Philadelphia.
The property is located at 318 S. 52nd Street in Philadelphia.
Key Highlights
- Two residential units in a 1,572‑square‑foot duplex
- Basement may offer potential for commercial use
- Updated kitchen, bathroom, flooring, windows, appliances, electrical wiring, and baseboard heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,029
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,580
$340.6K
Cap Rate 7%
$243,271
$243.3K
Cap Rate 9%
$189,211
$189.2K
Market Conditions
NOI Build-Up for 1,572 SF
Gross rent
$26.2K $16.68/SF
− Vacancy
−$1.9K −$1.20/SF
EGI
$24.3K $15.48/SF
− OpEx
−$7.3K −$4.64/SF
NOI
$17.0K $10.83/SF
Area
ZIP 19143
Vacancy
7.22%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,580
Cap Rate 7%
$243,271
Cap Rate 9%
$189,211
Alternative Uses
Best Use
Multifamily LT 5
$243.3K
$212.9K – $283.8K
NOI $17,029 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$216.4K
$189.3K – $252.5K
NOI $15,147 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$538.8K
$471.5K – $628.6K
NOI $37,716 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,428
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate basement may accommodate commercial use, subject to applicable requirements.
Where is this duplex located?
The property is located at 318 S 52nd St Philadelphia, PA.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Two residential units in a 1,572‑square‑foot duplex; Basement may offer potential for commercial use; Updated kitchen, bathroom, flooring, windows, appliances, electrical wiring, and baseboard heaters
