Turnkey Duplex Investment
4823 Old York Road Philadelphia, PA 19141
4823 Old York Road, Philadelphia, PA, 19141
$325,000
For Sale
$325,000
Fully occupied duplex near Broad Street with stable rental income.
Property Size1,664 SF
Price / SF$195.31
Days on Market81
Property Features for 4823 Old York Road
General Information
- Standard status
- Active
- Size
- 1,664 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing Agency
Luxe Real Estate LLC
(215) 251-7519
Listed by
Michelle Phillips · License #RM425239
(215) 251-7519
Source
Compass
Added: Apr 29 Checked: Jul 17 at 4:43 am
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 Luxe Real Estate LLC
Investment Insights
Based on property information with market context.
Located in Philadelphia, 4823 Old York Road is a fully occupied, legal duplex. The property features two spacious 2-bedroom, 1-bath units, both occupied by PHA tenants. Unit 1 is currently rented for $1,368 per month, and Unit 2 is rented for $1,186 per month. The kitchens have been renovated with modern cabinetry, updated countertops, and newer appliances, along with refreshed bathrooms showcasing contemporary finishes. Both units offer newer flooring throughout. Large windows allow for natural light, while the layouts provide living and dining areas along with generously sized bedrooms. The property includes a large fenced rear yard. The landlord currently pays for water, while tenants are responsible for all other utilities. The property is located minutes from Broad Street, shopping, dining, and public transportation. Seller is also offering 4828 Old York Road for sale and is open to selling both properties as a package deal. The property size is 1664 square feet.
Key Highlights
- Fully occupied legal duplex generating immediate rental income from reliable PHA tenants.
- Updated interiors including renovated kitchens with modern cabinetry, countertops, and newer appliances, plus refreshed bathrooms.
- Convenient location near Broad Street, shopping, dining, and public transportation.
Local 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 | $42.9k | $25.80 |
| − Vacancy | −$2.4k | −$1.42 |
| EGI | $40.6k | $24.38 |
| − OpEx | −$12.2k | −$7.31 |
| NOI | $28.4k | $17.06 |
1,664 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$405.7K
$355.0K – $473.3K
NOI $28,396 @ 7.0% cap · market cap 8.74%
Second Best
Apartment 5plus
$373.9K
$327.2K – $436.2K
NOI $26,174 @ 7.0% cap · market cap 8.05%
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
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully occupied duplex near Broad Street with stable rental income.
Where is this duplex located?
The property is located at 4823 Old York Road Philadelphia, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Fully occupied legal duplex generating immediate rental income from reliable PHA tenants.; Updated interiors including renovated kitchens with modern cabinetry, countertops, and newer appliances, plus refreshed bathrooms.; Convenient location near Broad Street, shopping, dining, and public transportation.
