Renovated
New
For Sale
$250,000
4946 MULBERRY Street, Philadelphia, PA 19124
Multi-Family, PHILADELPHIA, PA
Property Size1,284 SF
Lot Size0.03 Acres
Price / SF$194.70
Days on Market3
Property Features for 4946 MULBERRY Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,284 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
2270
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1935
Floors in Building
2
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
RE/MAX Select Group · RE/MAX International
(267) 520-3711
Listed By:
Reni Helmesi · License #RS346735
(215) 939-1085
Added: Oct 6
Last Checked: Oct 8 at 7:06AM
MLS# PAPH2677892
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 1,284-square-foot duplex has a two-bedroom unit on the first floor and a one-bedroom unit above. The lower residence is vacant, while the upper unit is occupied and producing rental income. Updates completed roughly two years ago included kitchens, bathrooms, flooring, fixtures and finishes. The masonry building has central heating and central air, along with a basement. It was built in 1935 and sits on a 0.0267-acre lot.
Key Highlights
- Vacant first‑floor unit has 2 bedrooms; occupied second‑floor unit has 1 bedroom
- Interior updates completed roughly two years ago include kitchens, bathrooms, flooring and fixtures
- 1,284 square feet of building area
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
View Realmo Analytics
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 - A vacant two-bedroom residence pairs with an occupied one-bedroom unit that generates 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: Vacant first‑floor unit has 2 bedrooms; occupied second‑floor unit has 1 bedroom; Interior updates completed roughly two years ago include kitchens, bathrooms, flooring and fixtures; 1,284 square feet of building area
