Renovated 2-Unit
For Sale
$370,000
5931 CHESTNUT Street, Philadelphia, PA 19139
Multi-Family, PHILADELPHIA, PA
Property Size1,512 SF
Lot Size0.03 Acres
Price / SF$244.71
Days on Market16
Property Features for 5931 CHESTNUT Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
1,512 SF
Lot size
0.03 Acres
Additional Details
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Tax Annual Amount
2098
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1925
Number of units
2
Building materials
Brick, Shingle Siding
Architectural style
Other
Buildings
1
Listing Agency:
Century 21 Advantage Gold-Southampton · Century 21 Real Estate
(215) 322-7050
Listed By:
Collette B Walsh · License #RS312780
(215) 806-1253
Added: Oct 8
Changed: Oct 23
Last Checked: Oct 23 at 10:06PM
MLS# PAPH2679032
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This Philadelphia duplex contains two renovated residences, each with two bedrooms. The first-floor unit combines an open living and kitchen area with a bedroom and full bath; its finished basement adds living space, a further bedroom, a full bath, and laundry. The upper unit includes a living area, kitchen, two bedrooms, and a full bath. Renovations include updated kitchens, flooring, lighting, bathrooms, and mechanical equipment. Each unit has its own heater and central air-conditioning system, along with separate gas and electric meters.
The building measures 1,512 square feet on a 0.0307-acre lot and was built in 1925. CMX2 zoning is identified for the property. A rear porch overlooks the yard, and the basement is accessed from the first-floor unit. Parking is on street.
The building measures 1,512 square feet on a 0.0307-acre lot and was built in 1925. CMX2 zoning is identified for the property. A rear porch overlooks the yard, and the basement is accessed from the first-floor unit. Parking is on street.
Key Highlights
- Two renovated residences, each with 2 bedrooms
- 1,512 square feet on a 0.0307‑acre lot
- CMX2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,802
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,040
$516.0K
Cap Rate 7%
$368,600
$368.6K
Cap Rate 9%
$286,689
$286.7K
Market Conditions
NOI Build-Up for 1,512 SF
Gross rent
$39.0K $25.80/SF
− Vacancy
−$2.1K −$1.42/SF
EGI
$36.9K $24.38/SF
− OpEx
−$11.1K −$7.31/SF
NOI
$25.8K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,040
Cap Rate 7%
$368,600
Cap Rate 9%
$286,689
Alternative Uses
Best Use
Multifamily LT 5
$368.6K
$322.5K – $430.0K
NOI $25,802 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$339.8K
$297.3K – $396.4K
NOI $23,783 @ 7.0% cap · market cap 6.43%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have separate gas and electric meters, individual 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 renovated residences, each with 2 bedrooms; 1,512 square feet on a 0.0307‑acre lot; CMX2 zoning
