Brick Two-Unit
For Sale
$409,900
523 FOSTER STREET, Philadelphia, PA 19116
Two-bedroom residences with full baths and complete appliance packages in a 1965 duplex.
Property Size1,584 SF
Lot Size0.08 Acres
Price / SF$258.78
Days on Market53
Property Features for 523 FOSTER STREET
General Information
Standard status
Active
Size
1,584 SF
Lot size
0.08 Acres
Property subtype
Duplex
Site & Location
Neighborhood
Northeast Philadelphia
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,154
Amenities
gas oven/range
refrigerator
dishwasher
washer
dryer
Building Details
Building Size
1,584 SF
Year Built
1965
Buildings
1
Construction
brick
Listing Agency:
Realty Mark Associates
Listed By:
Inna Olson · License #AB068205
(215) 870-1364
Source:
Lizclarkrealestate
Added: Sep 8
Changed: Oct 26
Last Checked: Oct 30 at 7:40PM
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 Realty Mark Associates
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Investment Insights
Based on property information with market context.
This 1965 semi-detached duplex provides 1,584 square feet of finished living space across two residential units. Each residence includes two bedrooms, one full bathroom, and a kitchen equipped with a gas oven/range, refrigerator, and dishwasher, along with a washer and dryer. The building features brick construction and Mid-Century Modern design elements.
Set on a 0.08-acre lot at 523 Foster Street in Philadelphia, Pennsylvania 19116, the property offers a two-unit configuration suited to residential rental use. The separate residences and included appliances provide a clearly defined operating setup for an owner evaluating a small multifamily asset.
Set on a 0.08-acre lot at 523 Foster Street in Philadelphia, Pennsylvania 19116, the property offers a two-unit configuration suited to residential rental use. The separate residences and included appliances provide a clearly defined operating setup for an owner evaluating a small multifamily asset.
Key Highlights
- Two‑unit duplex with 1,584 square feet of finished living space
- Each unit includes 2 bedrooms and 1 full bath
- Built in 1965 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,031
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,620
$540.6K
Cap Rate 7%
$386,157
$386.2K
Cap Rate 9%
$300,344
$300.3K
Market Conditions
NOI Build-Up for 1,584 SF
Gross rent
$40.9K $25.80/SF
− Vacancy
−$2.3K −$1.42/SF
EGI
$38.6K $24.38/SF
− OpEx
−$11.6K −$7.31/SF
NOI
$27.0K $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%
$540,620
Cap Rate 7%
$386,157
Cap Rate 9%
$300,344
Alternative Uses
Best Use
Multifamily LT 5
$386.2K
$337.9K – $450.5K
NOI $27,031 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$355.9K
$311.5K – $415.3K
NOI $24,916 @ 7.0% cap · market cap 6.08%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
891
Businesses Nearby
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Business Placement
Demographics for 19116, PA
35,610
Population
14,166
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,848
Density / Sq Mi
$67,558
Median Household Income
$43,817
Median Earnings
$1,214
Median Rent
$321,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom residences with full baths and complete appliance packages in a 1965 duplex.
Where is this duplex located?
The property is located at 523 FOSTER STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,584 square feet of finished living space; Each unit includes 2 bedrooms and 1 full bath; Built in 1965 with brick construction
