Renovated Duplex with Two
For Sale
$665,000
612 N 39TH STREET, Philadelphia, PA 19104
Fully renovated duplex with separate laundry in each residence and one vacant unit ready for occupancy.
Property Size2,064 SF
Days on Market160
Property Features for 612 N 39TH STREET
General Information
Standard status
Active
Size
2,064 SF
Property subtype
Duplex
Site & Location
Neighborhood
West Philadelphia
Public Transit
Yes
Units
Unit Mix
1 x 4BD/2BA, 1 x 3BD/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,609
Amenities
washer and dryer
Building Details
Building Size
2,064 SF
Year Built
1920
Listing Agency:
Keller Williams Real Estate
Listed By:
Brittany Nettles · License #RS337439
(215) 778-8444
Source:
Patmckennarealtors
Added: May 18
Changed: Oct 13
Last Checked: Oct 23 at 1:22PM
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 Keller Williams Real Estate
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Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains two separately configured residences: a 4-bedroom, 2-bath unit and a 3-bedroom, 2-bath unit. Both include dedicated washer and dryer setups. The property has undergone a full renovation incorporating contemporary finishes while retaining original architectural elements. One residence is vacant, while the other remains occupied through 5/31/27. A 10-year tax abatement is also in place.
The property is located at 612 N 39th St in Philadelphia’s Mantua neighborhood, with proximity to Drexel University, Penn, and Center City. Nearby restaurants, cafes, shops, parks, and cultural destinations add to the surrounding amenities, while major transit routes provide access throughout the city.
The property is located at 612 N 39th St in Philadelphia’s Mantua neighborhood, with proximity to Drexel University, Penn, and Center City. Nearby restaurants, cafes, shops, parks, and cultural destinations add to the surrounding amenities, while major transit routes provide access throughout the city.
Key Highlights
- Two‑unit duplex with one 4 BD/2 BA residence and one 3 BD/2 BA residence
- Fully renovated with modern finishes and retained original architectural elements
- Separate washer and dryer for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,222
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,440
$704.4K
Cap Rate 7%
$503,171
$503.2K
Cap Rate 9%
$391,356
$391.4K
Market Conditions
NOI Build-Up for 2,064 SF
Gross rent
$53.3K $25.80/SF
− Vacancy
−$2.9K −$1.42/SF
EGI
$50.3K $24.38/SF
− OpEx
−$15.1K −$7.31/SF
NOI
$35.2K $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%
$704,440
Cap Rate 7%
$503,171
Cap Rate 9%
$391,356
Alternative Uses
Best Use
Multifamily LT 5
$503.2K
$440.3K – $587.0K
NOI $35,222 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$463.8K
$405.8K – $541.1K
NOI $32,466 @ 7.0% cap · market cap 4.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,686
Businesses Nearby
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Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated duplex with separate laundry in each residence and one vacant unit ready for occupancy.
Where is this duplex located?
The property is located at 612 N 39TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: Two‑unit duplex with one 4 BD/2 BA residence and one 3 BD/2 BA residence; Fully renovated with modern finishes and retained original architectural elements; Separate washer and dryer for each unit
