Two-Unit
New
For Sale
$395,000
521 N 35TH STREET, Philadelphia, PA 19104
The residence pairs distinct utility service with two-bedroom and four-bedroom layouts.
Property Size1,850 SF
Days on Market4
Property Features for 521 N 35TH STREET
General Information
Standard status
Active
Size
1,850 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR, 1 x 4BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,004
Building Details
Building Size
1,850 SF
Year Built
1930
Listing Agency:
New Age Realty Group Inc
Listed By:
Nicole Caprario · License #RS320794
(215) 387-1002
Source:
Patmckennarealtors
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 9 at 8:12PM
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 New Age Realty Group Inc
Investment Insights
Based on property information with market context.
Built in 1930, this 1,850-square-foot duplex contains two apartments: one with two bedrooms and another with four. The units have separate utility service, providing a distinct setup for each residence.
The property is in West Philadelphia, north of 35th Street and Spring Garden Street, near Drexel University. Public transportation, major highways, and neighborhood amenities are accessible from the area.
The property is in West Philadelphia, north of 35th Street and Spring Garden Street, near Drexel University. Public transportation, major highways, and neighborhood amenities are accessible from the area.
Key Highlights
- Two apartments: one two‑bedroom unit and one four‑bedroom unit
- 1,850 square feet
- Built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,570
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,400
$631.4K
Cap Rate 7%
$451,000
$451.0K
Cap Rate 9%
$350,778
$350.8K
Market Conditions
NOI Build-Up for 1,850 SF
Gross rent
$47.7K $25.80/SF
− Vacancy
−$2.6K −$1.42/SF
EGI
$45.1K $24.38/SF
− OpEx
−$13.5K −$7.31/SF
NOI
$31.6K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,400
Cap Rate 7%
$451,000
Cap Rate 9%
$350,778
Alternative Uses
Best Use
Multifamily LT 5
$451.0K
$394.6K – $526.2K
NOI $31,570 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$415.7K
$363.8K – $485.0K
NOI $29,100 @ 7.0% cap · market cap 7.37%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,589
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The residence pairs distinct utility service with two-bedroom and four-bedroom layouts.
Where is this duplex located?
The property is located at 521 N 35TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two apartments: one two‑bedroom unit and one four‑bedroom unit; 1,850 square feet; Built in 1930
