Renovated Duplex with Two
For Sale
$249,990
Pending
521 West Westmoreland Street, Philadelphia, PA 19140
Two-bedroom units feature updated kitchens, renovated bathrooms, separated utilities, and 2024 system upgrades.
Property Size1,320 SF
Days on Market208
Property Features for 521 West Westmoreland Street
General Information
Standard status
Pending
Size
1,320 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RM1
Site & Location
Neighborhood
North Philadelphia
Taxes and HOA fees
Annual Taxes
$1,246
Amenities
No
Built-In Microwave, Oven/Range - Electric, Refrigerator, Water Heater, Washer/Dryer Stacked
Other
No Pool
Porch(es), Enclosed
Building Details
Year Built
1920
Listing Agency:
Real of Pennsylvania
Listed By:
Noelle Carter · License #RS357559
(267) 374-8036
Source:
Compass
Added: Mar 30
Changed: Oct 23
Last Checked: Oct 20 at 11:54PM
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 Real of Pennsylvania
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Investment Insights
Based on property information with market context.
This duplex contains two two-bedroom units within a 1,320-square-foot property built in 1920. Both residences were renovated in 2024 with updated kitchens, stainless steel appliances, renovated bathrooms, modern finishes, and new systems. Utilities are separately metered for each unit, and one unit is currently occupied. Interior amenities include a built-in microwave, electric oven/range, refrigerator, water heater, and stacked washer/dryer. The property also includes an enclosed porch and is zoned RM1.
The property is located near Temple University Hospital and within less than 1 mile of a bus stop, metro/subway station, and commuter rail station. The airport is less than 10 miles away. Its two-unit configuration supports residential income use or an owner-occupant arrangement, consistent with the available property classification.
The property is located near Temple University Hospital and within less than 1 mile of a bus stop, metro/subway station, and commuter rail station. The airport is less than 10 miles away. Its two-unit configuration supports residential income use or an owner-occupant arrangement, consistent with the available property classification.
Key Highlights
- Two two‑bedroom units in a 1,320‑square‑foot duplex
- Fully renovated in 2024 with updated kitchens, bathrooms, finishes, and systems
- One unit currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,526
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,520
$450.5K
Cap Rate 7%
$321,800
$321.8K
Cap Rate 9%
$250,289
$250.3K
Market Conditions
NOI Build-Up for 1,320 SF
Gross rent
$34.1K $25.80/SF
− Vacancy
−$1.9K −$1.42/SF
EGI
$32.2K $24.38/SF
− OpEx
−$9.7K −$7.31/SF
NOI
$22.5K $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%
$450,520
Cap Rate 7%
$321,800
Cap Rate 9%
$250,289
Alternative Uses
Best Use
Multifamily LT 5
$321.8K
$281.6K – $375.4K
NOI $22,526 @ 7.0% cap · market cap 9.01%
Second Best
Apartment 5plus
$296.6K
$259.5K – $346.1K
NOI $20,763 @ 7.0% cap · market cap 8.31%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,000
Businesses Nearby
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Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units feature updated kitchens, renovated bathrooms, separated utilities, and 2024 system upgrades.
Where is this duplex located?
The property is located at 521 West Westmoreland Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $249,990.
What are key features of this property?
This property features: Two two‑bedroom units in a 1,320‑square‑foot duplex; Fully renovated in 2024 with updated kitchens, bathrooms, finishes, and systems; One unit currently occupied
