Renovated Two-Unit
New
For Sale
$250,000
4946 MULBERRY STREET, Philadelphia, PA 19124
A vacant two-bedroom residence pairs with an occupied one-bedroom unit generating rental income.
Property Size1,284 SF
Days on Market5
Property Features for 4946 MULBERRY STREET
General Information
Standard status
Active
Size
1,284 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,270
Building Details
Building Size
1,284 SF
Year Built
1935
Buildings
1
Listing Agency:
RE/MAX Select Group
Listed By:
Reni Helmesi · License #RS346735
(215) 939-1085
Source:
Mainlinekw
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 10 at 12:25AM
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 RE/MAX Select Group
Investment Insights
Based on property information with market context.
This two-story duplex has a two-bedroom apartment on the first floor and a one-bedroom apartment above. The lower unit is vacant, while the upper unit is occupied and generating rental income. Building updates completed approximately two years ago included kitchens, bathrooms, flooring, fixtures, and interior finishes. The property was built in 1935.
The Philadelphia property is near shopping, dining, public transportation, and major roadways.
The Philadelphia property is near shopping, dining, public transportation, and major roadways.
Key Highlights
- Two‑bedroom first‑floor unit is vacant
- Occupied one‑bedroom unit generates rental income
- Kitchens, bathrooms, flooring, fixtures, and finishes updated approximately two years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,545
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,900
$330.9K
Cap Rate 7%
$236,357
$236.4K
Cap Rate 9%
$183,833
$183.8K
Market Conditions
NOI Build-Up for 1,284 SF
Gross rent
$25.4K $19.80/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$23.6K $18.41/SF
− OpEx
−$7.1K −$5.52/SF
NOI
$16.5K $12.89/SF
Area
ZIP 19124
Vacancy
7.03%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,900
Cap Rate 7%
$236,357
Cap Rate 9%
$183,833
Alternative Uses
Best Use
Multifamily LT 5
$236.4K
$206.8K – $275.8K
NOI $16,545 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$217.5K
$190.3K – $253.7K
NOI $15,224 @ 7.0% cap · market cap 6.09%
Theoretical Best
Specialty Retail
$738.6K
$646.3K – $861.7K
NOI $51,700 @ 7.0% cap · market cap 20.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,495
Businesses Nearby
Explore this area
Business Placement
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - A vacant two-bedroom residence pairs with an occupied one-bedroom unit generating rental income.
Where is this duplex located?
The property is located at 4946 MULBERRY STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑bedroom first‑floor unit is vacant; Occupied one‑bedroom unit generates rental income; Kitchens, bathrooms, flooring, fixtures, and finishes updated approximately two years ago
