Legal Duplex with Rental
5843 Crittenden Street Philadelphia, PA 19138
For Sale
$329,900
Two fully rented units with separate utility responsibility and updated major systems throughout.
Property Size1,753 SF
Price / SF$188.19
Days on Market81
Property Features for 5843 Crittenden Street
General Information
Standard status
Active
Size
1,753 SF
Property subtype
Multi-Family / Fee Simple
Building Details
Year Built
1915
Listing Agency:
REDBLOCK Realty Inc.
(215) 500-0134
Listed By:
Emanuel Kosacci · License #RS290429
(215) 500-0134
Source:
Compass
Added: May 10
Changed: Jul 10
Last Checked: Jul 28 at 12:32PM
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 REDBLOCK Realty Inc.
Investment Insights
Based on property information with market context.
This legal duplex is licensed for two rental units and is currently fully rented. The first-floor unit offers 2 bedrooms and 1 bathroom, and the second-floor unit offers 3 bedrooms and 2 bathrooms. Tenants pay all utilities except water. The property was remodeled from top to bottom approximately three years ago, including new HVAC, new electrical, new plumbing, and updated kitchens and baths.
The property is located in Philadelphia County with schooling provided by the Philadelphia City School District. According to the listing, the first-floor unit is rented for $1,660 per month, and the second-floor unit is rented for $2,000 per month under Section 8. Total monthly income is reported as $3,660, with the listing noting that it is mostly government-paid.
For buyers or investors seeking an income-producing duplex with a current rental license and recent major renovations, this asset presents two distinct unit layouts under one ownership. With tenants already in place and utilities structured as tenant-paid except water, the property is positioned for straightforward operating continuity.
The property is located in Philadelphia County with schooling provided by the Philadelphia City School District. According to the listing, the first-floor unit is rented for $1,660 per month, and the second-floor unit is rented for $2,000 per month under Section 8. Total monthly income is reported as $3,660, with the listing noting that it is mostly government-paid.
For buyers or investors seeking an income-producing duplex with a current rental license and recent major renovations, this asset presents two distinct unit layouts under one ownership. With tenants already in place and utilities structured as tenant-paid except water, the property is positioned for straightforward operating continuity.
Key Highlights
- Legal duplex with rental license for 2 units; both units are fully rented.
- 1st‑floor unit: 2 bed/1 bath with $1,660 monthly rent (tenants pay all utilities except water).
- 2nd‑floor unit: 3 bed/2 bath with a Section 8 tenant at $2,000 monthly rent.
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 | $45.2k | $25.80 |
| − Vacancy | −$2.5k | −$1.42 |
| EGI | $42.7k | $24.38 |
| − OpEx | −$12.8k | −$7.31 |
| NOI | $29.9k | $17.06 |
1,753 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$427.4K
$373.9K – $498.6K
NOI $29,915 @ 7.0% cap · market cap 9.07%
Second Best
Apartment 5plus
$393.9K
$344.7K – $459.6K
NOI $27,574 @ 7.0% cap · market cap 8.36%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two fully rented units with separate utility responsibility and updated major systems throughout.
Where is this duplex located?
The property is located at 5843 Crittenden Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Legal duplex with rental license for 2 units; both units are fully rented.; 1st‑floor unit: 2 bed/1 bath with $1,660 monthly rent (tenants pay all utilities except water).; 2nd‑floor unit: 3 bed/2 bath with a Section 8 tenant at $2,000 monthly rent.
