5040 Market Street, Philadelphia, PA 19139
Fully renovated duplex with separate entrances, two bedrooms and two full baths per unit, plus in-unit laundry.
- Added:
- Mar 18, 2026
- Days on Market:
- 113
- Last Refresh:
- Jul 8 at 5:02 am
Property Features for 5040 Market Street
General Information
- Standard status
- Active
- Size
- 1,650 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1925
Listing office Patriot Realty, LLC (610) 679-0127
Listing date Mar 18, 2026
Source Thetristaterealestategroup
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 Patriot Realty, LLC
HighLights
- Fully renovated legal duplex built in 1925 with separate private entrances for each unit
- Each unit has 2 bedrooms and 2 full baths with in‑unit washer and dryer and central air
- 1st‑floor unit has 2BD/2BA and separate entrance with access to a rear patio; currently empty
- 2nd‑floor unit has 2BD/2BA leased through PHA at $1,343/month through May 31, 2027
- Basement is daylight/full with separate rear basement access for added storage
- Public water; includes all blinds and appliances; on‑street parking
Overview
The property includes a welcoming front porch and separate rear basement access, providing a practical way to store items without interrupting either household. A rear patio is accessible from the first-floor unit, adding outdoor space tied directly to the living area.
For buyers seeking an income-producing setup with established tenancy, the second-floor unit’s existing lease and in-place status may simplify near-term operations. For owner-occupants, the vacant first-floor unit can support a live-in arrangement while maintaining the duplex structure. Either way, the property’s renovated condition, private entrances, and in-unit laundry support tenant comfort and straightforward day-to-day management.
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 | $42.6k | $25.80 |
| − Vacancy | −$2.3k | −$1.42 |
| EGI | $40.2k | $24.38 |
| − OpEx | −$12.1k | −$7.31 |
| NOI | $28.2k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.22253
- Latitude
- 39.959408
