Fully Occupied
For Sale
$250,000
532 Turner St, Philadelphia, PA 19122
Two maintained apartments offer an established residential income property with long-term tenant occupancy.
Property Size1,074 SF
Price / SF$232.77
Days on Market85
Property Features for 532 Turner St
General Information
Standard status
Active
Size
1,074 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1925
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Main Line
Listed By:
Denise A Frazier · License #AB067937
(215) 421-3362
Source:
Upgradebymichaud
Added: Jul 30
Changed: Oct 5
Last Checked: Oct 20 at 9:39PM
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 duplex contains 1,074 square feet and was built in 1925. Its layout includes two one-bedroom, one-bathroom apartments, each occupied by a long-term tenant. The property is fully occupied and positioned as an income-producing residential asset with established tenancy.
Located at 532 Turner St in Philadelphia’s Olde Kensington, the property is near Temple University, Northern Liberties, Fishtown, public transportation, major roadways, shopping, dining, and neighborhood amenities. These nearby destinations and transportation options provide convenient access to surrounding employment, education, retail, and residential areas.
Located at 532 Turner St in Philadelphia’s Olde Kensington, the property is near Temple University, Northern Liberties, Fishtown, public transportation, major roadways, shopping, dining, and neighborhood amenities. These nearby destinations and transportation options provide convenient access to surrounding employment, education, retail, and residential areas.
Key Highlights
- Fully occupied duplex at 532 Turner St, Philadelphia, PA 19122
- Two 1‑bedroom, 1‑bathroom apartments
- 1,074 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,328
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,560
$366.6K
Cap Rate 7%
$261,829
$261.8K
Cap Rate 9%
$203,644
$203.6K
Market Conditions
NOI Build-Up for 1,074 SF
Gross rent
$27.7K $25.80/SF
− Vacancy
−$1.5K −$1.42/SF
EGI
$26.2K $24.38/SF
− OpEx
−$7.9K −$7.31/SF
NOI
$18.3K $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%
$366,560
Cap Rate 7%
$261,829
Cap Rate 9%
$203,644
Alternative Uses
Best Use
Multifamily LT 5
$261.8K
$229.1K – $305.5K
NOI $18,328 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$241.3K
$211.2K – $281.6K
NOI $16,894 @ 7.0% cap · market cap 6.76%
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?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,830
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
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 maintained apartments offer an established residential income property with long-term tenant occupancy.
Where is this duplex located?
The property is located at 532 Turner St Philadelphia, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Fully occupied duplex at 532 Turner St, Philadelphia, PA 19122; Two 1‑bedroom, 1‑bathroom apartments; 1,074 square feet of property size
