Renovated Duplex with Park
413 South 51st Street Philadelphia, PA 19143
For Sale
$799,500
Meticulously renovated legal duplex features a large multi-level unit and a fully renovated 1-bedroom with its own laundry area.
Property Size2,960 SF
Price / SF$270.10
Days on Market294
Property Features for 413 South 51st Street
General Information
- Standard status
- Active
- Size
- 2,960 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing Agency:
Mercury Real Estate Group
(267) 334-5720
Listed By:
Giang Emerich · License #RS349510
(267) 334-5720
Source:
Compass
Added: Oct 4, 2025
Changed: Jul 20
Last Checked: Jul 24 at 12:45PM
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 Mercury Real Estate Group
Investment Insights
Based on property information with market context.
This meticulously renovated legal duplex at 413 S 51st Street offers two independently usable residences. The rear portion of the first floor includes a large 1-bedroom, 1-bath apartment that has been fully renovated with new appliances, modern finishes, and its own laundry and home office area. The unit also has a separate electric meter for privacy and independence.
The larger apartment spans three levels and includes 5 bedrooms and 3.5 bathrooms. On the first floor, an entry leads to a library/home office/guest bedroom setup with a half bath and the home’s original staircase. The second floor features a living room with views of the park, along with a custom-built TV wall with shelving, a modern fireplace, and a kitchen equipped with top-of-the-line appliances and a large waterfall island with a deep sink. A guest suite or study with an en suite bath, plus a laundry area and pantry space, completes this level. On the third floor, the primary suite includes park views and a spa-inspired bath with double sinks, a soaking tub, and a separate glass shower, along with two additional bedrooms and a full hall bathroom. New mechanicals and brand new electrical systems are noted, along with high-end finishes throughout.
The larger apartment spans three levels and includes 5 bedrooms and 3.5 bathrooms. On the first floor, an entry leads to a library/home office/guest bedroom setup with a half bath and the home’s original staircase. The second floor features a living room with views of the park, along with a custom-built TV wall with shelving, a modern fireplace, and a kitchen equipped with top-of-the-line appliances and a large waterfall island with a deep sink. A guest suite or study with an en suite bath, plus a laundry area and pantry space, completes this level. On the third floor, the primary suite includes park views and a spa-inspired bath with double sinks, a soaking tub, and a separate glass shower, along with two additional bedrooms and a full hall bathroom. New mechanicals and brand new electrical systems are noted, along with high-end finishes throughout.
Key Highlights
- Legal duplex built in 1925 with a large multi‑level apartment plus a fully renovated 1‑bed, 1‑bath unit
- 413 S 51st St includes all new mechanicals and brand new electrical systems
- First‑floor 1‑bed, 1‑bath apartment has its own laundry area and home office space and a separate electric meter
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 4.01%
Second Best
Apartment 5plus
$407.4K
$356.5K – $475.4K
NOI $28,521 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.01M
$887.7K – $1.18M
NOI $71,017 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Meticulously renovated legal duplex features a large multi-level unit and a fully renovated 1-bedroom with its own laundry area.
Where is this duplex located?
The property is located at 413 South 51st Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $799,500.
What are key features of this property?
This property features: Legal duplex built in 1925 with a large multi‑level apartment plus a fully renovated 1‑bed, 1‑bath unit; 413 S 51st St includes all new mechanicals and brand new electrical systems; First‑floor 1‑bed, 1‑bath apartment has its own laundry area and home office space and a separate electric meter
