Tenant-Occupied
For Sale
$229,000
828 S 57TH ST, Philadelphia, PA 19143
Lower-level occupancy is held by a long-term tenant interested in remaining.
Property Size1,246 SF
Price / SF$183.79
Days on Market64
Property Features for 828 S 57TH ST
General Information
Standard status
Active
Size
1,246 SF
Property subtype
Multi-family
Listing Agency:
Tesla Realty Group, LLC
(844) 837-5274
Listed By:
Samuel C Iwu · License #RS225885L
(302) 983-0571
Source:
Graves
Added: Aug 8
Changed: Sep 25
Last Checked: Oct 9 at 8:05PM
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 Tesla Realty Group, LLC
Investment Insights
Based on property information with market context.
This 1,246-square-foot duplex at 828 S 57th Street was built in 1920 and is described as being in move-in condition. The lower-level residence is currently occupied by a long-term tenant who would like to continue living there if possible.
The property is in West Philadelphia, with transportation, universities, hospitals, restaurants, and shopping nearby. Its two-unit configuration provides a straightforward residential income property format in an established urban setting.
The property is in West Philadelphia, with transportation, universities, hospitals, restaurants, and shopping nearby. Its two-unit configuration provides a straightforward residential income property format in an established urban setting.
Key Highlights
- 1,246‑square‑foot duplex at 828 S 57th Street, Philadelphia, PA 19143
- Built in 1920
- Lower‑level unit occupied by a long‑term tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,498
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,960
$270.0K
Cap Rate 7%
$192,829
$192.8K
Cap Rate 9%
$149,978
$150.0K
Market Conditions
NOI Build-Up for 1,246 SF
Gross rent
$20.8K $16.68/SF
− Vacancy
−$1.5K −$1.20/SF
EGI
$19.3K $15.48/SF
− OpEx
−$5.8K −$4.64/SF
NOI
$13.5K $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%
$269,960
Cap Rate 7%
$192,829
Cap Rate 9%
$149,978
Alternative Uses
Best Use
Multifamily LT 5
$192.8K
$168.7K – $225.0K
NOI $13,498 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$171.5K
$150.1K – $200.1K
NOI $12,006 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$427.1K
$373.7K – $498.2K
NOI $29,894 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,372
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Lower-level occupancy is held by a long-term tenant interested in remaining.
Where is this duplex located?
The property is located at 828 S 57TH ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 1,246‑square‑foot duplex at 828 S 57th Street, Philadelphia, PA 19143; Built in 1920; Lower‑level unit occupied by a long‑term tenant
