Fully Renovated Duplex with
4115-17 BROWN STREET Philadelphia, PA 19104
For Sale
$415,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,772 SF
Price / SF$234.20
Days on Market474
Property Features for 4115-17 BROWN STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Standard status
- Active
- Size
- 1,772 SF
Building Details
- Year built
- 1915
Listing Agency:
BHHS Fox & Roach Center City-Society Hill
(215) 627-6005
Listed By:
Philly Home Advisors
(267) 326-1272
Added: Apr 8, 2025
Changed: Jul 23
Last Checked: Jul 25 at 6:06AM
MLS# PAPH2467142
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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.
This fully renovated duplex offers modern interiors and a turnkey setup with in-unit laundry in both apartments. Unit 1 is configured as a 2-bedroom, 2-bath layout, and Unit 2 features a 3-bedroom, 3-bath arrangement. The renovations include stainless steel appliances, hardwood-style flooring, tiled backsplashes, and contemporary fixtures. The building is currently fully occupied.
Located in Philadelphia’s Belmont neighborhood, the property is positioned to benefit from ongoing residential and mixed-use development, as well as institutional investment tied to Drexel University’s westward expansion. Reported annual rental income totals $43,500, with Unit 1 currently rented at $1,635 per month and Unit 2 at $1,910 per month. The property also benefits from a tax abatement with approximately four years remaining. One or both units include subsidized (PHA) rental income, adding stability to the existing cash flow.
Located in Philadelphia’s Belmont neighborhood, the property is positioned to benefit from ongoing residential and mixed-use development, as well as institutional investment tied to Drexel University’s westward expansion. Reported annual rental income totals $43,500, with Unit 1 currently rented at $1,635 per month and Unit 2 at $1,910 per month. The property also benefits from a tax abatement with approximately four years remaining. One or both units include subsidized (PHA) rental income, adding stability to the existing cash flow.
Key Highlights
- Fully occupied duplex built in 1915, with in‑unit laundry in both apartments
- Unit 1: 2 bed / 2 bath rented for $1,635 per month
- Unit 2: 3 bed / 3 bath rented for $1,910 per month
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 | $45.7k | $25.80 |
| − Vacancy | −$2.5k | −$1.42 |
| EGI | $43.2k | $24.38 |
| − OpEx | −$13.0k | −$7.31 |
| NOI | $30.2k | $17.06 |
1,772 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey duplex with modern finishes, in-unit laundry, and two occupied units producing established rental income.
Where is this duplex located?
The property is located at 4115-17 BROWN STREET 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: Fully occupied duplex built in 1915, with in‑unit laundry in both apartments; Unit 1: 2 bed / 2 bath rented for $1,635 per month; Unit 2: 3 bed / 3 bath rented for $1,910 per month
