Two-Unit Duplex with Fenced
For Sale
$210,000
634 South 56th Street, Philadelphia, PA 19143
The property includes a fenced yard, porch, and hardwood flooring throughout.
Property Size1,544 SF
Price / SF$136.01
Days on Market142
Property Features for 634 South 56th Street
General Information
Standard status
Active
Size
1,544 SF
Property subtype
Multi-Family / Fee Simple
Zoning
CMX2
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,434
Amenities
No
Built-In Microwave, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances
Bathroom - Tub Shower, Ceiling Fan(s), Entry Level Bedroom, Wood Floors
No Pool
Porch(es)
Building Details
Year Built
1925
Listing Agency:
Compass
Listed By:
Eli Qarkaxhia · License #RS311277
(267) 692-4450
Source:
Compass
Added: Jun 3
Changed: Oct 19
Last Checked: Oct 20 at 11:39PM
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 Compass
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Investment Insights
Based on property information with market context.
This 1,544-square-foot duplex, constructed in 1925, contains two residential units. The first-floor residence offers one bedroom and one full bathroom, while the upper-level unit has two bedrooms and one full bathroom. Hardwood flooring extends across the home, and the interior includes an electric oven/range, refrigerator, stainless steel appliances, built-in microwave, ceiling fans, and tub-shower bathrooms. The property also features a porch and no pool.
First-floor tenants have use of the fenced yard. The building is identified as CMX2 and is located at 634 South 56th Street in Philadelphia’s 19143 MLS area. The property is currently occupied.
First-floor tenants have use of the fenced yard. The building is identified as CMX2 and is located at 634 South 56th Street in Philadelphia’s 19143 MLS area. The property is currently occupied.
Key Highlights
- Two‑unit duplex with 1,544 square feet of property size
- First‑floor unit includes 1 bedroom and 1 full bathroom
- Second‑floor unit includes 2 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,726
Cap Rate
7.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,520
$334.5K
Cap Rate 7%
$238,943
$238.9K
Cap Rate 9%
$185,844
$185.8K
Market Conditions
NOI Build-Up for 1,544 SF
Gross rent
$25.8K $16.68/SF
− Vacancy
−$1.9K −$1.20/SF
EGI
$23.9K $15.48/SF
− OpEx
−$7.2K −$4.64/SF
NOI
$16.7K $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%
$334,520
Cap Rate 7%
$238,943
Cap Rate 9%
$185,844
Alternative Uses
Best Use
Multifamily LT 5
$238.9K
$209.1K – $278.8K
NOI $16,726 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$212.5K
$186.0K – $248.0K
NOI $14,877 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$529.2K
$463.1K – $617.4K
NOI $37,044 @ 7.0% cap · market cap 17.64%
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
1,492
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 - The property includes a fenced yard, porch, and hardwood flooring throughout.
Where is this duplex located?
The property is located at 634 South 56th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,544 square feet of property size; First‑floor unit includes 1 bedroom and 1 full bathroom; Second‑floor unit includes 2 bedrooms and 1 full bathroom
