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1218 Pratt Street, Philadelphia PA 19124
Pennsylvania>Philadelphia>Northwood

1218 Pratt StreetPhiladelphia, PA 19124

For Sale

$183,432

Smart Buyer Rebate - Ask

Package Sale – Two Legal Duplexes on Pratt Street (Sold Together)

Investor opportunity to acquire two side-by-side legal duplexes being sold only as a package with 1218 Pratt St. Each property includes one tenant-occupied unit generating $1,000/month and one vacant unit requiring renovation.

Properties are priced to reflect current condition and value-add potential. Buyers should expect renovations and are encouraged to conduct due diligence prior to scheduling showings. Active rental licenses are in place. Strong rental demand in this corridor for both market-rate and Section 8 tenants.

Sale is as-is. Buyer responsible for U&O, inspections, and all certifications. Pro forma available upon request. Properties will not be sold separately.

Listed by Warren F. Nelson

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ISS Realty, LLC

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2157950207

Last updated December 29, 2025

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Source: BrightMLS #PAPH2544604

Listing Facts

  • TypeMulti-family
  • NeighborhoodNorthwood
  • Days on Prevu119
  • Taxes$2,568/year
  • Size1,392 sqft
  • Price per sqft$132

Location

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Listing History

10/03/2025
Listed by ISS Realty, LLC
$183,432

Property Details for 1218 Pratt Street

Exterior

Construction

  • New Construction: No
  • Number Of Units Total: 2
  • Year Built: 1925
  • Architectural Style: Straight Thru
  • Construction Materials: Masonry

Features

  • Other Structures: Above Grade, Below Grade
  • Waterfront: No

Measurements

  • Lot Dimensions Source: Assessor
  • Lot Size Acres: 0.03
  • Lot Size Dimensions: 16
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 1,395
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 4.0
  • Gross Income: $11,400.00
  • Operating Expense: $4,000.00

Taxes

  • Tax Annual Amount: $2,568.00
  • Tax Year: 2025

Interior

Features

  • Fireplace: No

Measurements

  • Living Area: 1,392
  • Living Area Source: Assessor

Other

Features

  • Accessibility Features: 32"+ Wide Doors

Location

  • Tax Lot: 164

Parking

Parking

  • Garage: No

Utilities

Equipment

  • Heating: Hot Water
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1218 Pratt Street.

What are the annual taxes for 1218 Pratt Street?

Annual taxes for this multi-family home are estimated at $2,568.

How does 1218 Pratt Street compare to other multi-family homes in Northwood?

This multi-family home is listed 46% below the average price for multi-family homes in Northwood and has been on the market for 32 more days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 1,392 sqft.

1218 Pratt Street is a -bedroom multi-family home for sale in PHILADELPHIA PA 19124. Listed on Prevu for 119 days at $183,432. This property features 1,392 square feet of living space, located in Northwood. The median listing price for multi-family homes in this area is $236,950. Browse more multi-family home listings in Philadelphia.

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright BRIGHT, All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.