Duplex with Private Roof
For Sale
$535,000
1626 W STILES Street, Philadelphia, PA 19121
Multi-Family, PHILADELPHIA, PA
Property Size2,600 SF
Lot Size0.02 Acres
Price / SF$205.77
Days on Market85
Property Features for 1626 W STILES Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
2,600 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
10176
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2017
Number of units
2
Building materials
Vinyl Siding, Brick
Listing Agency:
Elite Realty Group Unl. Inc. · RE/MAX International
(215) 328-4800
Listed By:
Gene Fish · License #AB065992
(215) 962-0880
Added: Jun 2
Changed: Aug 19
Last Checked: Aug 25 at 6:06AM
MLS# PAPH2628118
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This newly constructed duplex offers two separate bi-level units, each featuring 2 bedrooms and 1.5 bathrooms. Unit #1 includes a fenced rear patio, while Unit #2 features a private roof deck. Interiors are finished with hardwood floors, recessed lighting, neutral paint, and modern, custom kitchens with granite countertops and stainless steel appliances, plus tile backsplash and an exhaust hood. Both units also include well-appointed bedrooms with closet space and updated bathrooms. The property is currently configured with both units in place, with tenant occupancy noted at time of listing.
The building is located in Philadelphia in a very walkable area with a Walk Score of 84 out of 100. The public remarks indicate convenient proximity to a Broad Street bus stop and subway station, making transit access a practical benefit for tenants and future residents.
From a tenant and owner-operator standpoint, the layout supports flexible living arrangements, with the option to occupy one unit while leasing the other. The listing notes Unit #1 as occupied and Unit #2 as month-to-month, with Unit A described as vacant and available to lease for $1,500/month, and Unit B described as occupied month-to-month at $1,750/month. Both unit finishes are aligned for low-maintenance day-to-day living and straightforward leasing readiness.
The building is located in Philadelphia in a very walkable area with a Walk Score of 84 out of 100. The public remarks indicate convenient proximity to a Broad Street bus stop and subway station, making transit access a practical benefit for tenants and future residents.
From a tenant and owner-operator standpoint, the layout supports flexible living arrangements, with the option to occupy one unit while leasing the other. The listing notes Unit #1 as occupied and Unit #2 as month-to-month, with Unit A described as vacant and available to lease for $1,500/month, and Unit B described as occupied month-to-month at $1,750/month. Both unit finishes are aligned for low-maintenance day-to-day living and straightforward leasing readiness.
Key Highlights
- Newer duplex built in 2017 with vinyl siding and brick exterior
- Each unit has 2 bedrooms and 1.5 bathrooms and offers almost 1,300 sq. ft. of living space
- Unit A can be leased for $1,500/month; Unit B is month‑to‑month at $1,750/month
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,369
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$887,380
$887.4K
Cap Rate 7%
$633,843
$633.8K
Cap Rate 9%
$492,989
$493.0K
Market Conditions
NOI Build-Up for 2,600 SF
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.
Gross rent
$67.1K $25.80/SF
− Vacancy
−$3.7K −$1.42/SF
EGI
$63.4K $24.38/SF
− OpEx
−$19.0K −$7.31/SF
NOI
$44.4K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$887,380
Cap Rate 7%
$633,843
Cap Rate 9%
$492,989
Alternative Uses
Best Use
Multifamily LT 5
$633.8K
$554.6K – $739.5K
NOI $44,369 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$584.2K
$511.2K – $681.6K
NOI $40,897 @ 7.0% cap · market cap 7.64%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,455
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Newly constructed duplex with bi-level 2-bedroom units, offering outdoor space and tenant-occupied income potential.
Where is this duplex located?
The property is located at 1626 W STILES Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Newer duplex built in 2017 with vinyl siding and brick exterior; Each unit has 2 bedrooms and 1.5 bathrooms and offers almost 1,300 sq. ft. of living space; Unit A can be leased for $1,500/month; Unit B is month‑to‑month at $1,750/month
