Renovated Two-Unit
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 Market17
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
Changed: Oct 21
Last Checked: Oct 22 at 12:06AM
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.
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Investment Insights
Based on property information with market context.
This masonry duplex contains 1,284 square feet, with a two-bedroom apartment on the first floor and a one-bedroom apartment above. The lower unit is vacant; the upper unit is occupied and producing rental income. Renovation work was completed roughly two years ago, updating the kitchens, bathrooms, flooring, fixtures, and interior finishes. The building has central heating and central air conditioning, and includes a basement. It was built in 1935 on a 0.0267-acre lot.
Key Highlights
- Two apartments: a two‑bedroom lower unit and a one‑bedroom upper unit
- Lower apartment is vacant; upper apartment is occupied and generating rental income
- 1,284 square feet on a 0.0267‑acre lot
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,495
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - One apartment is occupied, while the other is vacant and ready for occupancy.
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 apartments: a two‑bedroom lower unit and a one‑bedroom upper unit; Lower apartment is vacant; upper apartment is occupied and generating rental income; 1,284 square feet on a 0.0267‑acre lot
