Turnkey Duplex with Private
5040 MARKET Street Philadelphia, PA 19139
For Sale
$360,000
MULTI_FAMILY - Victorian - PHILADELPHIA, PA
Property Size1,650 SF
Lot Size0.05 Acres
Price / SF$218.18
Days on Market129
Property Features for 5040 MARKET Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Rooms
- Basement
- Parking features
- On Street
- Appliances
- Dryer, Dishwasher, Microwave
- Standard status
- Active
- Size
- 1,650 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 839
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1925
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Victorian
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Deidre M Quinn · License #RS276819
(267) 225-3678
Added: Mar 18
Changed: Jul 20
Last Checked: Jul 24 at 2:06AM
MLS# PAPH2595878
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 turnkey, fully renovated legal duplex offers two separate residential units with private entrances. Each unit is configured with 2 bedrooms and 2 full baths, and both include in-unit washer and dryer, central air, and forced heat. The first-floor unit also provides access to a rear patio and is currently available. The second-floor unit is leased through PHA and has a term running through May 31, 2027.
The property is located at 5040 MARKET Street in Philadelphia, PA 19139. In addition to a welcoming front porch, the duplex includes separate rear basement access that supports convenient owner storage without interfering with tenant use.
Overall, the building is set up for either owner-occupancy in the first-floor unit or continued rental income from the second-floor unit, with both units designed for day-to-day comfort through central air, forced heat, and in-unit laundry.
The property is located at 5040 MARKET Street in Philadelphia, PA 19139. In addition to a welcoming front porch, the duplex includes separate rear basement access that supports convenient owner storage without interfering with tenant use.
Overall, the building is set up for either owner-occupancy in the first-floor unit or continued rental income from the second-floor unit, with both units designed for day-to-day comfort through central air, forced heat, and in-unit laundry.
Key Highlights
- Fully renovated legal duplex (Victorian) built in 1925 with masonry construction
- Each unit has 2 bedrooms and 2 full baths, plus private, separate entrances
- Second‑floor unit is leased through PHA at $1,343/month through May 31, 2027
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 |
1,650 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$402.2K
$352.0K – $469.3K
NOI $28,157 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$370.8K
$324.4K – $432.6K
NOI $25,954 @ 7.0% cap · market cap 7.21%
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
FAQs
What type of property is this?
Duplex - Fully renovated duplex with two 2-bedroom, 2-bath units, private entrances, in-unit laundry, and separate basement access.
Where is this duplex located?
The property is located at 5040 MARKET Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Fully renovated legal duplex (Victorian) built in 1925 with masonry construction; Each unit has 2 bedrooms and 2 full baths, plus private, separate entrances; Second‑floor unit is leased through PHA at $1,343/month through May 31, 2027
