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Renovated Cobbs Creek Legal Duplex

507 COBBS CREEK PKWY, Philadelphia, PA 19143

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For Sale

$420,000

Fully renovated duplex in Cobbs Creek, ideal for investors.

Type:Duplex

Property size:

2,791 SF

Price / SF:

$150/SF

HighLights

Fully renovated legal duplex with high‑end finishes, ideal for investors or owner‑occupants.
Strong rental income potential with an estimated annual income of $40,800.
New roof, plumbing, upgraded electric, HVAC systems, and energy‑efficient windows ensure comfort and efficiency.
Tax abatement approved for long‑term tax savings.
Located across from Cobbs Creek Parkway, near parks, shopping, dining, and public transportation.
Each unit features new kitchens with quartz countertops and stainless steel appliances, plus updated bathrooms.

We can help!

Contact an agent

Jim Roche

For Sale

$420,000

Fully renovated duplex in Cobbs Creek, ideal for investors.

Type:Duplex

Property size:

2,791 SF

Price / SF:

$150/SF

Added:: Jul 1, 2025
Days on Market:: 374
Last Refresh:: Jul 5 at 3:58 am

Property Features for 507 COBBS CREEK PKWY

General Information

Standard status: Active
Size: 2,791 SF
Property subtype: Duplex

Building Details

Year Built: 1925

We can help!

Contact an agent

Jim Roche

Listing office Pittsburgh North

Listing date Jul 1, 2025

Source Kw

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 Pittsburgh North

HighLights

Fully renovated legal duplex with high‑end finishes, ideal for investors or owner‑occupants.
Strong rental income potential with an estimated annual income of $40,800.
New roof, plumbing, upgraded electric, HVAC systems, and energy‑efficient windows ensure comfort and efficiency.
Tax abatement approved for long‑term tax savings.
Located across from Cobbs Creek Parkway, near parks, shopping, dining, and public transportation.
Each unit features new kitchens with quartz countertops and stainless steel appliances, plus updated bathrooms.

Overview

Located in the Cobbs Creek section of West Philadelphia, this fully renovated legal duplex offers over 2700 square feet of living space. The property features a 3-bedroom, 2.5-bath unit and a 2-bedroom, 1-bath unit, each updated with high-end finishes. Both units include new kitchens with quartz countertops and stainless steel appliances, including a refrigerator, microwave, and oven. The bathrooms have been fully updated, and the property benefits from a new roof, new plumbing, and upgraded electric. All renovations were fully permitted and approved by the City of Philadelphia. Each unit has washer and dryer hookups, open-concept layouts, and separate electrical systems with 125-amp service. New HVAC systems and recessed lighting are installed throughout, along with vinyl plank flooring and energy-efficient new windows. Unit 1 has access to rear parking and a private rear deck. Ample street parking is available along Cobbs Creek Parkway and nearby cross streets. The property is located across the street from Cobbs Creek Parkway, local parks, and nearby shopping and dining. It offers access to public transportation, with the El line a 13-minute walk away and the 42, 46, and 21 buses 2-5 blocks away. The property has an approved tax abatement.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$46.6k	$16.68
− Vacancy	−$3.4k	−$1.20
EGI	$43.2k	$15.48
− OpEx	−$13.0k	−$4.64
NOI	$30.2k	$10.83

2,791 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$431.9K

$377.9K – $503.9K (±1% cap)

NOI $30,235 @ 7.0% cap · market cap 7.20%

Second Best

Apartment 5plus

$384.2K

$336.2K – $448.2K (±1% cap)

NOI $26,893 @ 7.0% cap · market cap 6.40%

Theoretical Best

Office A

$956.6K

$837.0K – $1.12M (±1% cap)

NOI $66,963 @ 7.0% cap · market cap 15.94%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Philadelphia
County: Delaware
State: Pennsylvania
Longitude: -75.2482
Latitude: 39.9545

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For sale
Duplexes
PA
Philadelphia
19143
507 COBBS CREEK PARKWAY

What type of property is this?

Duplex - Fully renovated duplex in Cobbs Creek, ideal for investors.

Where is this duplex located?

The property is located at 507 COBBS CREEK PKWY Philadelphia, PA.

What is the asking price?

The asking price for this property is $420,000.

What are key features of this property?

This property features: Fully renovated legal duplex with high‑end finishes, ideal for investors or owner‑occupants.; Strong rental income potential with an estimated annual income of $40,800.; New roof, plumbing, upgraded electric, HVAC systems, and energy‑efficient windows ensure comfort and efficiency.