Leased Duplex Investment
For Sale
$625,000
433 POPLAR STREET, Philadelphia, PA 19123
Fully occupied duplex with two leased units, offering 2-bed/1.5-bath and 1-bed/1-bath configurations.
Property Size1,504 SF
Price / SF$415.56
Days on Market10
Property Features for 433 POPLAR STREET
General Information
Standard status
Active
Size
1,504 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
KW Empower
(215) 813-1322
Listed By:
Jayna Zoeiro
(215) 813-1322
Source:
Cummingsrealtors
Added: Jul 22
Changed: Jul 26
Last Checked: Jul 30 at 6:04AM
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 KW Empower
Investment Insights
Based on property information with market context.
433 Poplar Street is a fully occupied, income-producing duplex in Philadelphia, currently offering two leased units. The first-floor unit features two bedrooms and 1.5 bathrooms with a functional layout. The second-floor unit offers one bedroom and one full bathroom. Both units are leased, providing rental income in place.
The property is situated in Northern Liberties, with convenient access to area restaurants, coffee shops, boutiques, parks, and public transportation, supporting a walkable daily lifestyle for tenants.
This is a straightforward duplex configuration for investors seeking an immediately producing asset with a mix of unit sizes.
The property is situated in Northern Liberties, with convenient access to area restaurants, coffee shops, boutiques, parks, and public transportation, supporting a walkable daily lifestyle for tenants.
This is a straightforward duplex configuration for investors seeking an immediately producing asset with a mix of unit sizes.
Key Highlights
- Fully occupied duplex with both units currently leased for consistent rental income
- 1st‑floor unit: 2 bedrooms and 1.5 bathrooms with a functional layout
- 2nd‑floor unit: 1 bedroom and 1 full bathroom
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 | $38.8k | $25.80 |
| − Vacancy | −$2.1k | −$1.42 |
| EGI | $36.7k | $24.38 |
| − OpEx | −$11.0k | −$7.31 |
| NOI | $25.7k | $17.06 |
1,504 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$366.7K
$320.8K – $427.8K
NOI $25,666 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$338.0K
$295.7K – $394.3K
NOI $23,657 @ 7.0% cap · market cap 3.79%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,500
Businesses Nearby
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
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 - Fully occupied duplex with two leased units, offering 2-bed/1.5-bath and 1-bed/1-bath configurations.
Where is this duplex located?
The property is located at 433 POPLAR STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Fully occupied duplex with both units currently leased for consistent rental income; 1st‑floor unit: 2 bedrooms and 1.5 bathrooms with a functional layout; 2nd‑floor unit: 1 bedroom and 1 full bathroom
