Two-Unit Duplex with Private
For Sale
$439,900
406 PIERCE STREET, Philadelphia, PA 19148
Philadelphia duplex with separate residences, central air and heat, updated kitchen features, and outdoor space.
Property Size1,728 SF
Price / SF$254.57
Days on Market72
Property Features for 406 PIERCE STREET
General Information
Standard status
Active
Size
1,728 SF
Property subtype
Duplex
Units
Unit Mix
2BR/1BA, 3BR/1.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
private rear patio
central air and heat
Building Details
Year Built
1960
Buildings
1
Listing Agency:
Keller Williams Real Estate - West Chester
(610) 399-5100
Listed By:
Deneen Sweeney · License #RS-0023053
(484) 888-3177
Source:
Cummingsrealtors
Added: Aug 12
Changed: Oct 21
Last Checked: Oct 20 at 11:03PM
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 Keller Williams Real Estate - West Chester
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Investment Insights
Based on property information with market context.
Located at 406 Pierce Street in Philadelphia’s Pennsport neighborhood, this 1960-built duplex contains two separate residential units. The first-floor residence includes two bedrooms, one full bathroom, a living room, and a kitchen with stainless steel appliances and a ceramic tile backsplash. It also has a private rear patio enclosed by a high fence.
The upper residence offers three bedrooms, one full bathroom, one half bathroom, and hardwood flooring in the living room and kitchen. Its kitchen includes stainless steel appliances and a ceramic tile backsplash. Both units are equipped with central air and heat. The property is near Dickinson Square Park, restaurants, shopping, and public transportation.
The upper residence offers three bedrooms, one full bathroom, one half bathroom, and hardwood flooring in the living room and kitchen. Its kitchen includes stainless steel appliances and a ceramic tile backsplash. Both units are equipped with central air and heat. The property is near Dickinson Square Park, restaurants, shopping, and public transportation.
Key Highlights
- Two separate residential units at 406 Pierce Street
- First‑floor unit includes 2 bedrooms and 1 full bathroom
- Second‑floor unit offers 3 bedrooms, 1 full bathroom, and 1 half bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,488
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,760
$589.8K
Cap Rate 7%
$421,257
$421.3K
Cap Rate 9%
$327,644
$327.6K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$44.6K $25.80/SF
− Vacancy
−$2.5K −$1.42/SF
EGI
$42.1K $24.38/SF
− OpEx
−$12.6K −$7.31/SF
NOI
$29.5K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,760
Cap Rate 7%
$421,257
Cap Rate 9%
$327,644
Alternative Uses
Best Use
Multifamily LT 5
$421.3K
$368.6K – $491.5K
NOI $29,488 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$388.3K
$339.8K – $453.0K
NOI $27,181 @ 7.0% cap · market cap 6.18%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,478
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Philadelphia duplex with separate residences, central air and heat, updated kitchen features, and outdoor space.
Where is this duplex located?
The property is located at 406 PIERCE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Two separate residential units at 406 Pierce Street; First‑floor unit includes 2 bedrooms and 1 full bathroom; Second‑floor unit offers 3 bedrooms, 1 full bathroom, and 1 half bathroom
