Duplex with Updated
For Sale
$230,000
613 S 52nd St, Philadelphia, PA 19143
Duplex features separate entrances, two updated units, and washer/dryer hookups with an outside-accessible unfinished basement.
Property Size1,800 SF
Price / SF$127.78
Days on Market204
Property Features for 613 S 52nd St
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
West Philadelphia
Additional Details
Multifamily Units
2
Building Details
Year Built
1925
Tenancy
Multi
Listing Agency:
Realty ONE Group Focus
Listed By:
Malik T Carter · License #RS294680
(215) 868-5768
Source:
Upgradebymichaud
Added: Apr 11
Changed: Oct 26
Last Checked: Oct 30 at 5:11PM
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 Realty ONE Group Focus
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Investment Insights
Based on property information with market context.
This duplex is zoned for duplex use and is configured as two separate residential units. Each unit includes a spacious living area, a kitchen, two bedrooms, and one bathroom, with washer and dryer hookups. The property has been freshly renovated, including updates to windows, the roof, kitchens, baths, and floors, and both floors have hardwood flooring. Separate utilities are supported with two gas meters and three electric meters. An unfinished basement is available and can be accessed from the outside.
The property is located in the University City / West Philadelphia neighborhood and is conveniently near public transportation, including the 34 13th-Market to 61st-Baltimore at the Baltimore Ave & 52nd St stop. Nearby amenities include parks such as Black Oak Park and Cedar Park, as well as major nearby universities including the University of Pennsylvania, Drexel University, and the University of the Sciences.
With a two-unit layout and updated key systems and finishes, the home can be used as a duplex residence with separate entrances or as part of a rental portfolio.
The property is located in the University City / West Philadelphia neighborhood and is conveniently near public transportation, including the 34 13th-Market to 61st-Baltimore at the Baltimore Ave & 52nd St stop. Nearby amenities include parks such as Black Oak Park and Cedar Park, as well as major nearby universities including the University of Pennsylvania, Drexel University, and the University of the Sciences.
With a two-unit layout and updated key systems and finishes, the home can be used as a duplex residence with separate entrances or as part of a rental portfolio.
Key Highlights
- Zoned as a duplex and configured as a duplex with separate entrances for both units
- Two updated units, each with 2 bedrooms and 1 bathroom, spacious living area, and kitchen
- Both units have updated windows, roof, kitchen, baths, and floors, plus high ceilings and hardwood floors on both levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,499
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,980
$390.0K
Cap Rate 7%
$278,557
$278.6K
Cap Rate 9%
$216,656
$216.7K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$30.0K $16.68/SF
− Vacancy
−$2.2K −$1.20/SF
EGI
$27.9K $15.48/SF
− OpEx
−$8.4K −$4.64/SF
NOI
$19.5K $10.83/SF
Area
ZIP 19143
Vacancy
7.22%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,980
Cap Rate 7%
$278,557
Cap Rate 9%
$216,656
Alternative Uses
Best Use
Multifamily LT 5
$278.6K
$243.7K – $325.0K
NOI $19,499 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$247.8K
$216.8K – $289.1K
NOI $17,344 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$616.9K
$539.8K – $719.8K
NOI $43,186 @ 7.0% cap · market cap 18.78%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,327
Businesses Nearby
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Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
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 - Duplex features separate entrances, two updated units, and washer/dryer hookups with an outside-accessible unfinished basement.
Where is this duplex located?
The property is located at 613 S 52nd St Philadelphia, PA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Zoned as a duplex and configured as a duplex with separate entrances for both units; Two updated units, each with 2 bedrooms and 1 bathroom, spacious living area, and kitchen; Both units have updated windows, roof, kitchen, baths, and floors, plus high ceilings and hardwood floors on both levels
