Renovated Two-Unit
For Sale
$299,000
5304 CHESTNUT STREET, Philadelphia, PA 19139
Two separately metered homes offer private entrances, central air, in-unit laundry, and updated kitchens and baths.
Property Size1,457 SF
Price / SF$205.22
Days on Market67
Property Features for 5304 CHESTNUT STREET
General Information
Standard status
Active
Size
1,457 SF
Property subtype
Duplex
Zoning
RM-1
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
central air
in-unit laundry
shaker style cabinets
stainless steel appliances
quartz countertops
updated bathrooms
recessed lighting
durable flooring
front porch
unfinished basement
Building Details
Year Built
1925
Year Renovated
2023
Buildings
1
Listing Agency:
Keller Williams Main Line
(610) 520-0100
Listed By:
Nafisa Bunch · License #RS330255
(267) 784-0037
Source:
Cummingsrealtors
Added: Aug 17
Changed: Oct 21
Last Checked: Oct 20 at 9:01PM
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 Keller Williams Main Line
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Investment Insights
Based on property information with market context.
This RM-1 duplex contains two 2-bedroom, 1-bath residences within 1,457 SF. A full renovation completed in 2023 replaced major building systems, including the roof, plumbing, electrical, framing, and mechanical components. Each unit has a private entrance, separately metered utilities, central air, in-unit laundry, and an open interior arrangement. Kitchens include shaker cabinetry, stainless steel appliances, and quartz countertops, while the bathrooms and flooring have also been updated. Both residences connect to the front porch, and the first-floor unit provides access to an unfinished basement.
Built in 1925, the property is located at 5304 Chestnut Street in Philadelphia. Transit options described for the property include nearby bus routes on 52nd, Chestnut, and Spruce Streets, the Baltimore Avenue trolley, and the Market-Frankford line to 69th Street Terminal or Center City. The same tenants have occupied both units since the 2023 renovation, with established payment histories.
Built in 1925, the property is located at 5304 Chestnut Street in Philadelphia. Transit options described for the property include nearby bus routes on 52nd, Chestnut, and Spruce Streets, the Baltimore Avenue trolley, and the Market-Frankford line to 69th Street Terminal or Center City. The same tenants have occupied both units since the 2023 renovation, with established payment histories.
Key Highlights
- Two 2‑bedroom, 1‑bath units in a 1,457 SF duplex
- Full renovation completed in 2023, including roof, plumbing, electrical, framing, and mechanical systems
- RM‑1 zoning with separately metered utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,864
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,280
$497.3K
Cap Rate 7%
$355,200
$355.2K
Cap Rate 9%
$276,267
$276.3K
Market Conditions
NOI Build-Up for 1,457 SF
Gross rent
$37.6K $25.80/SF
− Vacancy
−$2.1K −$1.42/SF
EGI
$35.5K $24.38/SF
− OpEx
−$10.7K −$7.31/SF
NOI
$24.9K $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%
$497,280
Cap Rate 7%
$355,200
Cap Rate 9%
$276,267
Alternative Uses
Best Use
Multifamily LT 5
$355.2K
$310.8K – $414.4K
NOI $24,864 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$327.4K
$286.5K – $382.0K
NOI $22,918 @ 7.0% cap · market cap 7.66%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,332
Businesses Nearby
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Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
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 separately metered homes offer private entrances, central air, in-unit laundry, and updated kitchens and baths.
Where is this duplex located?
The property is located at 5304 CHESTNUT STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units in a 1,457 SF duplex; Full renovation completed in 2023, including roof, plumbing, electrical, framing, and mechanical systems; RM‑1 zoning with separately metered utilities
