Philadelphia Duplex with Subdivision
4631-33 SALMON Street Philadelphia, PA 19137
For Sale
$429,999
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,600 SF
Lot Size0.12 Acres
Price / SF$268.75
Days on Market141
Property Features for 4631-33 SALMON Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Standard status
- Active
- Size
- 1,600 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5491
Utilities
- Heating system
- Hot Water(Heating)
Building Details
- Year built
- 1925
- Number of units
- 2
- Building materials
- Frame
Listing Agency:
Dydak Realty
(215) 744-5600
Listed By:
Gary F Dydak · License #RB061598C
(215) 744-5600
Added: Mar 5
Changed: Jun 9
Last Checked: Jul 24 at 8:06AM
MLS# PAPH2590786
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 is a two-unit duplex with separate utilities. The front unit is currently vacant and has an anticipated rental income of $1200 per month, plus all utilities. The rear unit is occupied by a long-term tenant with a month-to-month lease, generating $550 per month, plus all utilities. The property offers positive cash flow when fully rented. A storage garage is also located on the premises. The property has possible subdivision potential. It is located in Philadelphia, PA, 19137. The lot size is 0.1158 acres, and the property size is 1600 square feet. This property presents a business opportunity in Bridesburg.
Key Highlights
- Positive cash flow potential when fully rented.
- Front unit vacant, ready for immediate rental income ($1200/month anticipated).
- Separate utilities for each unit.
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 | $41.3k | $25.80 |
| − Vacancy | −$2.3k | −$1.42 |
| EGI | $39.0k | $24.38 |
| − OpEx | −$11.7k | −$7.31 |
| NOI | $27.3k | $17.06 |
1,600 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$390.1K
$341.3K – $455.1K
NOI $27,304 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$359.5K
$314.6K – $419.5K
NOI $25,167 @ 7.0% cap · market cap 5.85%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit duplex in Philadelphia with separate utilities and subdivision potential.
Where is this duplex located?
The property is located at 4631-33 SALMON Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $429,999.
What are key features of this property?
This property features: Positive cash flow potential when fully rented.; Front unit vacant, ready for immediate rental income ($1200/month anticipated).; Separate utilities for each unit.
