Fully Occupied Duplex With Two
New
For Sale
$275,000
532 TURNER Street, Philadelphia, PA 19122
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,074 SF
Lot Size0.02 Acres
Price / SF$256.05
Days on Market4
Property Features for 532 TURNER Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Appliances
Refrigerator, Stove, Washer, Dryer
Subdivision
OLDE KENSINGTON
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
1,074 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
4503
Utilities
Heating system
Electric (Heating), Baseboard
Building Details
Year built
1925
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Keller Williams Main Line · Keller Williams Realty
(610) 520-0100
Listed By:
Denise A Frazier · License #AB067937
(215) 421-3362
Added: Jul 29
Last Checked: Aug 1 at 6:06AM
MLS# PAPH2652130
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully occupied duplex at 532 Turner Street features two well-maintained one-bedroom, one-bathroom apartments. Both units are occupied by long-term tenants, creating immediate rental income at the time of purchase. The property is sized at 1,074 square feet on a 0.02-acre lot.
The asset is located in Philadelphia’s Olde Kensington area, with proximity described to Temple University, Northern Liberties, Fishtown, public transportation, major roadways, and local shopping and dining. It is presented as a turnkey, income-producing residential income property suitable for investors seeking proven occupancy.
The configuration is straightforward: two separate 1-bedroom units within one duplex structure, each currently generating rent through existing tenant occupancy.
The asset is located in Philadelphia’s Olde Kensington area, with proximity described to Temple University, Northern Liberties, Fishtown, public transportation, major roadways, and local shopping and dining. It is presented as a turnkey, income-producing residential income property suitable for investors seeking proven occupancy.
The configuration is straightforward: two separate 1-bedroom units within one duplex structure, each currently generating rent through existing tenant occupancy.
Key Highlights
- Fully occupied duplex with two 1‑bedroom, 1‑bath apartments, each with long‑term tenants.
- Built in 1925; masonry construction.
- Basement included.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.7k | $25.80 |
| − Vacancy | −$1.5k | −$1.42 |
| EGI | $26.2k | $24.38 |
| − OpEx | −$7.9k | −$7.31 |
| NOI | $18.3k | $17.06 |
1,074 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$261.8K
$229.1K – $305.5K
NOI $18,328 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$241.3K
$211.2K – $281.6K
NOI $16,894 @ 7.0% cap · market cap 6.14%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex for sale with two occupied one-bedroom, one-bath apartments, offering stabilized residential rental income.
Where is this duplex located?
The property is located at 532 TURNER Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Fully occupied duplex with two 1‑bedroom, 1‑bath apartments, each with long‑term tenants.; Built in 1925; masonry construction.; Basement included.
