Two-Unit Multifamily with Separate
429 West Ashdale Street Philadelphia, PA 19120
For Sale
$255,000
Multifamily property with separate heat and electric meters, featuring a 2-bedroom unit and a 3-bedroom unit plus studios.
Property Size1,890 SF
Price / SF$134.92
Days on Market355
Property Features for 429 West Ashdale Street
General Information
- Standard status
- Active
- Size
- 1,890 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1930
Listing Agency:
MIS Realty
(215) 668-4117
Listed By:
Maribel Cedano · License #RS287817
(215) 668-4117
Source:
Compass
Added: Aug 5, 2025
Changed: Jul 22
Last Checked: Jul 24 at 12:23PM
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 MIS Realty
Investment Insights
Based on property information with market context.
This multifamily property includes a primary 2-bedroom apartment and a primary 3-bedroom apartment, along with two additional studio units. Separate heat and electric meters are in place, allowing tenants to manage their own utilities. The listing also references monthly rental income of $900, $800, and $1,000 for the units.
Located in Philadelphia’s 19120 area, the property is described as being near the heart of Philadelphia, with convenient access to local amenities and transportation.
The available unit mix provides multiple apartment configurations within one property, including bedrooms for the larger layouts and studio space for smaller occupancies, supported by the individually metered utilities noted in the listing.
Located in Philadelphia’s 19120 area, the property is described as being near the heart of Philadelphia, with convenient access to local amenities and transportation.
The available unit mix provides multiple apartment configurations within one property, including bedrooms for the larger layouts and studio space for smaller occupancies, supported by the individually metered utilities noted in the listing.
Key Highlights
- 2‑unit multifamily with additional studios
- 1st apartment: 2 bedrooms
- 2nd apartment: 3 bedrooms
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 | $31.5k | $16.68 |
| − Vacancy | −$2.3k | −$1.20 |
| EGI | $29.2k | $15.48 |
| − OpEx | −$8.8k | −$4.64 |
| NOI | $20.5k | $10.83 |
1,890 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$292.5K
$255.9K – $341.2K
NOI $20,474 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$260.2K
$227.6K – $303.5K
NOI $18,211 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$451.5K
$395.1K – $526.7K
NOI $31,604 @ 7.0% cap · market cap 12.39%
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 - Multifamily property with separate heat and electric meters, featuring a 2-bedroom unit and a 3-bedroom unit plus studios.
Where is this duplex located?
The property is located at 429 West Ashdale Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 2‑unit multifamily with additional studios; 1st apartment: 2 bedrooms; 2nd apartment: 3 bedrooms
