Renovated West Philadelphia
For Sale
$699,500
413 S 51ST Street, Philadelphia, PA 19143
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size2,960 SF
Lot Size0.05 Acres
Price / SF$236.32
Days on Market107
Property Features for 413 S 51ST Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
Off Street
Interior features
2nd Kitchen, Bar, Bathroom - Soaking Tub, Bathroom - Walk-In Shower, Built-Ins, Entry Level Bedroom, Floor Plan - Open, Kitchen - Gourmet, Recessed Lighting, Wine Storage, Wood Floors
Appliances
Dishwasher, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked
Subdivision
GARDEN COURT
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,960 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8331
Utilities
Heating system
Heat Pump (Heating), Forced Air
Cooling system
Central Air
Building Details
Year built
1925
Number of units
2
Building materials
Masonry
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Mercury Real Estate Group
(215) 462-5100
Listed By:
Giang Emerich · License #RS349510
(267) 334-5720
Added: Apr 16
Changed: Jul 13
Last Checked: Jul 31 at 12:06AM
MLS# PAPH2607792
Copyright © 2026 Bright MLS. 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 legal duplex at 413 S 51st Street has been meticulously renovated and redesigned, with all new mechanicals and brand new electrical systems. The larger owner’s unit is arranged over three levels and includes 5 bedrooms and 3.5 bathrooms, with a library/home office and half bath on the first floor, a living room with park-facing views on the second floor, and a primary suite plus two additional bedrooms on the third floor. The layout also features a renovated kitchen with top-of-the-line appliances and an adjoining drink bar with a wine fridge, along with laundry and pantry space on the second floor.
A rear portion of the first floor contains a fully renovated 1 bed/1 bath apartment with its own laundry and home office area. The 1 bed/1 bath unit has a separate electric meter for privacy and independence.
The property is located in West Philadelphia right on Malcolm X Park, with nearby proximity to Clark Park and UPenn.
A rear portion of the first floor contains a fully renovated 1 bed/1 bath apartment with its own laundry and home office area. The 1 bed/1 bath unit has a separate electric meter for privacy and independence.
The property is located in West Philadelphia right on Malcolm X Park, with nearby proximity to Clark Park and UPenn.
Key Highlights
- Legal duplex at 413 S 51st St on Malcolm X Park with a fully renovated owner’s unit spanning three levels plus a separate 1 bed/1 bath apartment.
- Owner’s unit includes 5 bedrooms and 3.5 bathrooms, with an open floor plan, original staircase, recessed lighting, and wood floors.
- Kitchen features gourmet finishes, waterfall island with deep sink, and an adjoining drink bar with wine fridge; includes dishwasher, electric range, and refrigerator.
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 | $49.4k | $16.68 |
| − Vacancy | −$3.6k | −$1.20 |
| EGI | $45.8k | $15.48 |
| − OpEx | −$13.7k | −$4.64 |
| NOI | $32.1k | $10.83 |
2,960 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$458.1K
$400.8K – $534.4K
NOI $32,066 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$407.4K
$356.5K – $475.4K
NOI $28,521 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$1.01M
$887.7K – $1.18M
NOI $71,017 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,568
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Meticulously renovated legal duplex with separate owner’s unit and a rear 1 bed/1 bath apartment.
Where is this duplex located?
The property is located at 413 S 51ST Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $699,500.
What are key features of this property?
This property features: Legal duplex at 413 S 51st St on Malcolm X Park with a fully renovated owner’s unit spanning three levels plus a separate 1 bed/1 bath apartment.; Owner’s unit includes 5 bedrooms and 3.5 bathrooms, with an open floor plan, original staircase, recessed lighting, and wood floors.; Kitchen features gourmet finishes, waterfall island with deep sink, and an adjoining drink bar with wine fridge; includes dishwasher, electric range, and refrigerator.
