Two-Unit Duplex with Separate
For Sale
$399,900
4438 LUDLOW ST, Philadelphia, PA 19104
The property includes two distinct living spaces and a private exterior entrance for the lower unit.
Property Size1,600 SF
Price / SF$249.94
Days on Market69
Property Features for 4438 LUDLOW ST
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Multi-family
Zoning
RM-1
Units
Unit Mix
3BR/1.5BA, 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Buildings
1
Listing Agency:
Century 21 Advantage Gold-Southampton
(215) 322-7050
Listed By:
Jamhur Davronov · License #rs357763
(267) 515-8410
Source:
Graves
Added: Aug 15
Changed: Oct 8
Last Checked: Oct 20 at 8:03PM
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 Century 21 Advantage Gold-Southampton
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Investment Insights
Based on property information with market context.
This duplex contains two separate residential units with a combined layout of 5 bedrooms and 2.5 bathrooms. The upper residence offers 3 bedrooms and 1.5 bathrooms, along with high ceilings and abundant natural light. The lower residence provides 2 bedrooms, 1 full bathroom, its own living area, and a private exterior entrance. The property was built in 1920 and is zoned RM-1.
Located at 4438 Ludlow Street in Philadelphia’s University City, the property is near the University of Pennsylvania, Drexel University, Saint Joseph's University - University City campus, The Wharton School, Hospital of the University of Pennsylvania, Penn Presbyterian Medical Center, and Children's Hospital of Philadelphia. Public transportation, 30th Street Station, Penn Medicine Station, and Center City Philadelphia are also nearby, along with restaurants, cafes, shopping, parks, and cultural institutions including the Philadelphia Museum of Art, Franklin Institute, and Barnes Foundation.
Located at 4438 Ludlow Street in Philadelphia’s University City, the property is near the University of Pennsylvania, Drexel University, Saint Joseph's University - University City campus, The Wharton School, Hospital of the University of Pennsylvania, Penn Presbyterian Medical Center, and Children's Hospital of Philadelphia. Public transportation, 30th Street Station, Penn Medicine Station, and Center City Philadelphia are also nearby, along with restaurants, cafes, shopping, parks, and cultural institutions including the Philadelphia Museum of Art, Franklin Institute, and Barnes Foundation.
Key Highlights
- Two residential units with 5 bedrooms and 2.5 bathrooms combined
- Upper unit includes 3 bedrooms and 1.5 bathrooms
- Lower unit offers 2 bedrooms, 1 full bathroom, and a private exterior entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,304
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,080
$546.1K
Cap Rate 7%
$390,057
$390.1K
Cap Rate 9%
$303,378
$303.4K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$41.3K $25.80/SF
− Vacancy
−$2.3K −$1.42/SF
EGI
$39.0K $24.38/SF
− OpEx
−$11.7K −$7.31/SF
NOI
$27.3K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,080
Cap Rate 7%
$390,057
Cap Rate 9%
$303,378
Alternative Uses
Best Use
Multifamily LT 5
$390.1K
$341.3K – $455.1K
NOI $27,304 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$359.5K
$314.6K – $419.5K
NOI $25,167 @ 7.0% cap · market cap 6.29%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,357
Businesses Nearby
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Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes two distinct living spaces and a private exterior entrance for the lower unit.
Where is this duplex located?
The property is located at 4438 LUDLOW ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two residential units with 5 bedrooms and 2.5 bathrooms combined; Upper unit includes 3 bedrooms and 1.5 bathrooms; Lower unit offers 2 bedrooms, 1 full bathroom, and a private exterior entrance
