Renovated Two-Unit
For Sale
$220,000
741 S 58TH STREET, Philadelphia, PA 19143
Two one-bedroom residences offer updated kitchens and bathrooms with central air conditioning.
Property Size1,140 SF
Days on Market63
Property Features for 741 S 58TH STREET
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Duplex
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,022
Amenities
central air conditioning
Building Details
Building Size
1,140 SF
Year Built
1920
Buildings
1
Listing Agency:
KW Empower
(215) 714-9539
Listed By:
James F Roche Jr. · License #RS332204
(215) 714-9539
Source:
Patmckennarealtors
Added: Jun 4
Changed: Aug 4
Last Checked: Aug 4 at 3:34AM
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 KW Empower
Investment Insights
Based on property information with market context.
This duplex contains two separate residences, each arranged with one bedroom and one bathroom. Both units feature updated kitchens and bathrooms, wall-to-wall flooring, and central air conditioning. The property was built in 1920 and has undergone renovation, providing refreshed interiors within an established residential building.
Located at 741 S 58th Street in Philadelphia’s Cobbs Creek area, the property offers a two-unit configuration suited to residential income ownership or an owner-occupied arrangement with an additional unit. Each residence includes the same one-bedroom, one-bath layout and updated core finishes.
Located at 741 S 58th Street in Philadelphia’s Cobbs Creek area, the property offers a two-unit configuration suited to residential income ownership or an owner-occupied arrangement with an additional unit. Each residence includes the same one-bedroom, one-bath layout and updated core finishes.
Key Highlights
- Two‑unit duplex in Philadelphia’s Cobbs Creek area
- Each unit includes 1 bedroom and 1 bathroom
- Renovated property originally built in 1920
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 | $19.0k | $16.68 |
| − Vacancy | −$1.4k | −$1.20 |
| EGI | $17.6k | $15.48 |
| − OpEx | −$5.3k | −$4.64 |
| NOI | $12.3k | $10.83 |
1,140 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$176.4K
$154.4K – $205.8K
NOI $12,350 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$156.9K
$137.3K – $183.1K
NOI $10,984 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$390.7K
$341.9K – $455.9K
NOI $27,351 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,583
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom residences offer updated kitchens and bathrooms with central air conditioning.
Where is this duplex located?
The property is located at 741 S 58TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two‑unit duplex in Philadelphia’s Cobbs Creek area; Each unit includes 1 bedroom and 1 bathroom; Renovated property originally built in 1920
