Renovated Turn-Key
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.
Property Size1,025 SF
Days on Market16
Property Features for 546 S SALFORD STREET
General Information
Standard status
Active
Size
1,025 SF
Property subtype
Duplex
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,718
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: Aug 8
Last Checked: Aug 12 at 3:21PM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,104
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$222,080
$222.1K
Cap Rate 7%
$158,629
$158.6K
Cap Rate 9%
$123,378
$123.4K
Market Conditions
NOI Build-Up for 1,025 SF
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.
Gross rent
$17.1K $16.68/SF
− Vacancy
−$1.2K −$1.20/SF
EGI
$15.9K $15.48/SF
− OpEx
−$4.8K −$4.64/SF
NOI
$11.1K $10.83/SF
Area
ZIP 19143
Vacancy
7.22%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$222,080
Cap Rate 7%
$158,629
Cap Rate 9%
$123,378
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
Property Profile
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
