Renovated West Philadelphia
413 S 51ST Street Philadelphia, PA 19143
413 S 51ST Street, Philadelphia, PA, 19143
$699,500
For Sale
$699,500
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size2,960 SF
Lot Size0.05 Acres
Price / SF$236.32
Days on Market98
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
- 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 Updated: Jul 13 at 10:54AM Checked: Jul 22 at 7:06AM
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.
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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.
