Renovated Duplex with Separate
New
For Sale
$370,000
5931 CHESTNUT STREET, Philadelphia, PA 19139
Two two-bedroom units feature independent gas and electric meters, heating systems, and central air conditioning.
Property Size2,100 SF
Price / SF$176.19
Days on Market5
Property Features for 5931 CHESTNUT STREET
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Commercial
Zoning
CMX2
Building Details
Year Built
1925
Buildings
1
Listing Agency:
Century 21 Advantage Gold-Southampton
(215) 322-7050
Listed By:
Collette B Walsh · License #RS312780
(215) 806-1253
Source:
Cummingsrealtors
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 2:16PM
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 Century 21 Advantage Gold-Southampton
Investment Insights
Based on property information with market context.
This renovated duplex contains two two-bedroom units within 2,100 square feet. Each residence has separate gas and electric meters, its own heater, and central air conditioning. Updates include kitchen cabinetry and countertops, flooring, stainless steel appliances, recessed lighting, hot water heaters, iron railings, and tiled tub and shower areas.
The first-floor unit combines an open living room and kitchen with a rear bedroom and full bathroom. It also connects to a finished basement with additional living space, laundry, utility closets, and a bedroom with a separate full bathroom. A rear porch opens toward the yard. The upper unit includes two bedrooms, a living area, a kitchen, and a full bathroom. The property is zoned CMX2, and the first-floor layout can accommodate commercial use.
The first-floor unit combines an open living room and kitchen with a rear bedroom and full bathroom. It also connects to a finished basement with additional living space, laundry, utility closets, and a bedroom with a separate full bathroom. A rear porch opens toward the yard. The upper unit includes two bedrooms, a living area, a kitchen, and a full bathroom. The property is zoned CMX2, and the first-floor layout can accommodate commercial use.
Key Highlights
- Two units, each with two bedrooms
- 2,100 square feet; built in 1925
- Separate gas and electric meters, heating, and central AC for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,032
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,640
$660.6K
Cap Rate 7%
$471,886
$471.9K
Cap Rate 9%
$367,022
$367.0K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$63.8K $30.36/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$60.1K $28.60/SF
− OpEx
−$27.0K −$12.87/SF
NOI
$33.0K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,640
Cap Rate 7%
$471,886
Cap Rate 9%
$367,022
Alternative Uses
Best Use
Multifamily LT 5
$511.9K
$448.0K – $597.3K
NOI $35,836 @ 7.0% cap · market cap 9.69%
Second Best
Apartment 5plus
$471.9K
$412.9K – $550.5K
NOI $33,032 @ 7.0% cap · market cap 8.93%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,779
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom units feature independent gas and electric meters, heating systems, and central air conditioning.
Where is this duplex located?
The property is located at 5931 CHESTNUT STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Two units, each with two bedrooms; 2,100 square feet; built in 1925; Separate gas and electric meters, heating, and central AC for each unit
