Renovated Duplex with Private
For Sale
$299,900
5643 MARKET STREET, Philadelphia, PA 19139
Two occupied residences offer central air and in-unit laundry, with one including a finished basement.
Property Size1,434 SF
Days on Market112
Property Features for 5643 MARKET STREET
General Information
Standard status
Active
Size
1,434 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,357
Amenities
central air
in-unit laundry
private rear patio
Building Details
Building Size
1,434 SF
Year Built
1925
Buildings
1
Listing Agency:
Compass Pennsylvania, LLC
(267) 266-0347
Listed By:
Cassidee Curran · License #RS337027
(267) 266-0347
Source:
Patmckennarealtors
Added: Apr 15
Changed: Aug 4
Last Checked: Aug 4 at 2:04AM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
This two-unit residential income property was built in 1925 and has undergone renovations within the past year. Both residences include central air and in-unit laundry. The lower unit contains 2 bedrooms and 2 bathrooms, along with a finished basement and access to a private rear patio. The upper residence provides 2 bedrooms and 1 bathroom.
Both units are currently occupied. The property also supports an owner-occupant strategy, with the option to live in one residence while retaining the other as an income-producing unit. Located at 5643 Market Street in Philadelphia, Pennsylvania 19139.
Both units are currently occupied. The property also supports an owner-occupant strategy, with the option to live in one residence while retaining the other as an income-producing unit. Located at 5643 Market Street in Philadelphia, Pennsylvania 19139.
Key Highlights
- Duplex with 2 occupied units
- Both residences renovated within the past year
- Central air and in‑unit laundry in both units
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 | $37.0k | $25.80 |
| − Vacancy | −$2.0k | −$1.42 |
| EGI | $35.0k | $24.38 |
| − OpEx | −$10.5k | −$7.31 |
| NOI | $24.5k | $17.06 |
1,434 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$349.6K
$305.9K – $407.9K
NOI $24,471 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$322.2K
$282.0K – $375.9K
NOI $22,556 @ 7.0% cap · market cap 7.52%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,372
Businesses Nearby
Explore this area
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
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 - Two occupied residences offer central air and in-unit laundry, with one including a finished basement.
Where is this duplex located?
The property is located at 5643 MARKET STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Duplex with 2 occupied units; Both residences renovated within the past year; Central air and in‑unit laundry in both units
