Renovated Duplex with In-Unit
For Sale
$415,000
4115-17 BROWN ST, Philadelphia, PA 19104
Two apartments feature contemporary finishes and individual laundry facilities.
Property Size1,772 SF
Price / SF$234.20
Days on Market95
Property Features for 4115-17 BROWN ST
General Information
Standard status
Active
Size
1,772 SF
Property subtype
Multi-family
Occupancy
100%
Units
Unit Mix
1 x 2BR/2BA, 1 x 3BR/3BA
Multifamily Units
2
Additional Details
Gross Income
$43,500
Public Transit
Yes
Amenities
in-unit laundry
Building Details
Buildings
1
Listing Agency:
BHHS Fox & Roach-Center City Walnut
(215) 627-6005
Listed By:
ERIC Andrew Dvotsky · License #RS332410
(267) 243-4652
Source:
360
Added: Jul 20
Changed: Oct 9
Last Checked: Oct 20 at 8:15PM
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 BHHS Fox & Roach-Center City Walnut
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,772-square-foot duplex in Philadelphia’s Belmont neighborhood contains two apartments with updated interiors. Renovation work completed a few years ago introduced stainless steel appliances, hardwood-style flooring, tiled backsplashes, contemporary fixtures, and in-unit laundry in both units. The layouts include a two-bedroom, two-bathroom apartment and a three-bedroom, three-bathroom apartment.
The building is fully occupied and benefits from a tax abatement with approximately four years remaining. One or both apartments include subsidized PHA rental income. Belmont is positioned in West Philadelphia near Drexel University, University City, Center City, and Fairmount Park, with the surrounding area experiencing institutional investment and residential and mixed-use development.
The building is fully occupied and benefits from a tax abatement with approximately four years remaining. One or both apartments include subsidized PHA rental income. Belmont is positioned in West Philadelphia near Drexel University, University City, Center City, and Fairmount Park, with the surrounding area experiencing institutional investment and residential and mixed-use development.
Key Highlights
- 1,772‑square‑foot duplex at 4115‑17 Brown St, Philadelphia, PA 19104
- Two‑bedroom, two‑bathroom apartment and three‑bedroom, three‑bathroom apartment
- Fully occupied building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,239
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,780
$604.8K
Cap Rate 7%
$431,986
$432.0K
Cap Rate 9%
$335,989
$336.0K
Market Conditions
NOI Build-Up for 1,772 SF
Gross rent
$45.7K $25.80/SF
− Vacancy
−$2.5K −$1.42/SF
EGI
$43.2K $24.38/SF
− OpEx
−$13.0K −$7.31/SF
NOI
$30.2K $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%
$604,780
Cap Rate 7%
$431,986
Cap Rate 9%
$335,989
Alternative Uses
Best Use
Multifamily LT 5
$432.0K
$378.0K – $504.0K
NOI $30,239 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$398.2K
$348.4K – $464.6K
NOI $27,873 @ 7.0% cap · market cap 6.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,341
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments feature contemporary finishes and individual laundry facilities.
Where is this duplex located?
The property is located at 4115-17 BROWN ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 1,772‑square‑foot duplex at 4115‑17 Brown St, Philadelphia, PA 19104; Two‑bedroom, two‑bathroom apartment and three‑bedroom, three‑bathroom apartment; Fully occupied building
