Two-Story Duplex Income
New
For Sale
$475,000
597 ADAMS Avenue, Philadelphia, PA 19120
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,524 SF
Lot Size0.04 Acres
Price / SF$311.68
Days on Market5
Property Features for 597 ADAMS Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,524 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
3089
Utilities
Heating system
Forced Air
Cooling system
Central Air, Ceiling Fan(s), Attic Fan
Building Details
Year built
1955
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Keller Williams Real Estate - Newtown · Keller Williams Realty
(215) 860-4200
Listed By:
Alysha Brand · License #RS343769
(215) 588-8086
Added: Jul 27
Last Checked: Jul 31 at 11:06AM
MLS# PAPH2652484
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.
Investment Insights
Based on property information with market context.
The offering includes two separate residential income buildings at 597 Adams Avenue and 599 Adams Avenue, each configured with two units arranged as upstairs and downstairs apartments. At 597 Adams, there are two 1-bedroom, 1-bath units. The first-floor unit provides direct access to a back room containing utilities shared between the first and second floors, as well as direct access to the back yard, and it includes a first-floor washing machine. The second-floor unit has its own side entrance. At 599 Adams, there are two 2-bedroom, 1-bath units with a similar split layout. The first-floor unit again has direct access to the back room with utilities and a first-floor washing machine, plus direct access to the back yard. A fenced front area includes a patio off the front of the house, and the second-floor unit has its own side entrance.
Public remarks indicate that the first-floor unit at 597 Adams and the first-floor unit at 599 Adams are occupied. The upstairs unit at 599 Adams has been renovated with brand-new floors, newer HVAC and a hot water heater, a washer/dryer hookup, new lighting, and a new kitchen and bathroom; that unit is described as vacant and ready for a new resident.
Access is described as being close to public transportation and major roadways. Lot size is listed at 0.0367 acres, and the property is identified as a for-sale multifamily/income asset in Philadelphia, PA.
Public remarks indicate that the first-floor unit at 597 Adams and the first-floor unit at 599 Adams are occupied. The upstairs unit at 599 Adams has been renovated with brand-new floors, newer HVAC and a hot water heater, a washer/dryer hookup, new lighting, and a new kitchen and bathroom; that unit is described as vacant and ready for a new resident.
Access is described as being close to public transportation and major roadways. Lot size is listed at 0.0367 acres, and the property is identified as a for-sale multifamily/income asset in Philadelphia, PA.
Key Highlights
- Masonry construction with forced‑air heating and central air plus ceiling and attic fans
- Property includes two 1‑bed/1‑bath units (upstairs and downstairs) with direct back‑room access and direct yard access
- On‑site shared back‑room includes utilities for both the first- and second‑floor units, plus first‑floor washer machine access
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 | $25.4k | $16.68 |
| − Vacancy | −$1.8k | −$1.20 |
| EGI | $23.6k | $15.48 |
| − OpEx | −$7.1k | −$4.64 |
| NOI | $16.5k | $10.83 |
1,524 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$235.8K
$206.4K – $275.2K
NOI $16,509 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$209.8K
$183.6K – $244.7K
NOI $14,684 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$364.1K
$318.6K – $424.7K
NOI $25,484 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
960
Businesses Nearby
Explore this area
Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
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?
Quadplex - Two duplex-style buildings offer multiple 1- and 2-bedroom units, with several units currently occupied and one recently renovated.
Where is this quadplex located?
The property is located at 597 ADAMS Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Masonry construction with forced‑air heating and central air plus ceiling and attic fans; Property includes two 1‑bed/1‑bath units (upstairs and downstairs) with direct back‑room access and direct yard access; On‑site shared back‑room includes utilities for both the first- and second‑floor units, plus first‑floor washer machine access
