Renovated Turn-Key
New
For Sale
$199,900
546 S SALFORD STREET, Philadelphia, PA 19143
Fully renovated duplex with separately metered units and updated kitchens and bathrooms, with the first-floor unit move-in ready.
Days on Market4
Property Features for 546 S SALFORD STREET
General Information
Standard status
Active
Property subtype
Duplex
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Building Details
Building Size
1,025 SF
Year Built
1925
Buildings
1
Listing Agency:
Luxe Real Estate LLC
(215) 251-7519
Listed By:
Michelle Phillips · License #RM425239
(215) 251-7519
Source:
Patmckennarealtors
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 31 at 11:07AM
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 Luxe Real Estate LLC
Investment Insights
Based on property information with market context.
546 S Salford Street offers a fully renovated, turn-key duplex in Philadelphia. Built in 1925, the property features updated living spaces with hardwood flooring throughout and renovated kitchens and bathrooms on both levels. The first-floor unit is currently vacant and move-in ready, while the second-floor unit is also delivered vacant, giving flexibility for immediate occupancy or leasing.
Each unit is separately metered, which helps simplify management and can reduce shared operating complexity. With both units vacant, you control how the property is used—either live in one unit and lease the other, or lease both units out and set your leasing strategy based on your timeline.
The renovations are designed for low-maintenance ownership from day one, with consistent, modern finishes across both floors. This configuration supports a range of residential income and owner-occupant scenarios where turn-key condition and separate metering are key.
Each unit is separately metered, which helps simplify management and can reduce shared operating complexity. With both units vacant, you control how the property is used—either live in one unit and lease the other, or lease both units out and set your leasing strategy based on your timeline.
The renovations are designed for low-maintenance ownership from day one, with consistent, modern finishes across both floors. This configuration supports a range of residential income and owner-occupant scenarios where turn-key condition and separate metering are key.
Key Highlights
- Fully renovated, turn‑key duplex in Philadelphia
- First‑floor unit is currently vacant and move‑in ready
- Both units delivered vacant for immediate owner use or leasing
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 | $17.1k | $16.68 |
| − Vacancy | −$1.2k | −$1.20 |
| EGI | $15.9k | $15.48 |
| − OpEx | −$4.8k | −$4.64 |
| NOI | $11.1k | $10.83 |
1,025 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$158.6K
$138.8K – $185.1K
NOI $11,104 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$141.1K
$123.5K – $164.6K
NOI $9,876 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$351.3K
$307.4K – $409.9K
NOI $24,592 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,484
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
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 - Fully renovated duplex with separately metered units and updated kitchens and bathrooms, with the first-floor unit move-in ready.
Where is this duplex located?
The property is located at 546 S SALFORD STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Fully renovated, turn‑key duplex in Philadelphia; First‑floor unit is currently vacant and move‑in ready; Both units delivered vacant for immediate owner use or leasing
