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    Duplex with Fenced Backyard Title is generated by Realmo AI

    1729 CHANDLER Street, Philadelphia, PA 19111

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    For Sale
    $410,000

    MULTI_FAMILY - Other - PHILADELPHIA, PA

    Property size:
    1,914 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $214/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 5:06 am

    Property Features for 1729 CHANDLER Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking
    2
    Parking features
    Garage - Attached, Driveway
    Standard status
    Active
    Size
    1,914 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5344

    Utilities

    Heating system
    Other (Heating), Hot Water(Heating)
    Cooling system
    Wall Unit(s), Window Unit(s)

    Building Details

    Year built
    1967
    Number of units
    2
    Building materials
    Masonry
    Architectural style
    Other

    We can help!

    Listing Contact
    Peter McNicholas
    Peter McNicholas

    Listing agent Peter McNicholas License #AB067285

    Listing office Homestarr Realty 850 Easton Road, Warminster, PA

    Listing date Jun 3, 2026

    MLS# PAPH2629478 Listing URL

    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.

    HighLights

    • Built in 1967 duplex with masonry construction
    • 2‑bedroom units with separate utilities
    • 1st‑floor unit rented on a month‑to‑month lease at $1,400/month; attached garage available with monthly rent
    • 2nd‑floor unit occupied by the owner and will be vacant prior to closing
    • Almost all new windows in both units
    • Fenced‑in backyard plus basement access with laundry and storage via a back staircase

    Overview

    This built-as, well cared for duplex offers two separate residential units, each with 2 bedrooms. The units have separate utilities and include back staircase basement access, supporting use for storage and laundry. The property also features a fenced in backyard. Almost all windows have been replaced in both units.

    The duplex is located on a residential block in the Rhawnhurst neighborhood of Northeast Philadelphia, surrounded by mostly single-family homes. The first-floor unit is currently occupied by a long-time tenant on a month-to-month lease and includes use of the garage. The second-floor unit is occupied by the owner and is expected to be vacant prior to closing.

    For a buyer seeking either an owner-occupant setup or a straightforward rental configuration, the separate utilities and independent unit layout can support day-to-day operational convenience. The basement access and fenced yard are practical amenities for storage needs and outdoor use. With one unit already generating income on a month-to-month basis and the other unit becoming vacant before closing, the property provides a built-in path to either continued investment or a transition to personal occupancy after settlement.

    Local 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 $37.9k $19.80
    − Vacancy −$1.2k −$0.62
    EGI $36.7k $19.18
    − OpEx −$11.0k −$5.75
    NOI $25.7k $13.43
    1,914 SF · lease $19.80/SF/yr · vacancy 3.13% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $367.1K
    $321.2K – $428.3K (±1% cap)
    NOI $25,698 @ 7.0% cap · market cap 6.27%
    Second Best
    Apartment 5plus
    $338.5K
    $296.2K – $395.0K (±1% cap)
    NOI $23,698 @ 7.0% cap · market cap 5.78%
    Theoretical Best
    Office A
    $580.3K
    $507.8K – $677.0K (±1% cap)
    NOI $40,621 @ 7.0% cap · market cap 9.91%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.063179
    Latitude
    40.0612412

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    FAQs

    What type of property is this?
    Duplex - A two-unit duplex in Rhawnhurst with separate utilities and a fenced yard, offering flexible owner or investor occupancy.
    Where is this duplex located?
    The property is located at 1729 CHANDLER Street Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $410,000.
    What are key features of this property?
    This property features: Built in 1967 duplex with masonry construction; 2‑bedroom units with separate utilities; 1st‑floor unit rented on a month‑to‑month lease at $1,400/month; attached garage available with monthly rent
    (215) 605-8888
    We can help!
    Listing Contact
    Peter McNicholas
    Peter McNicholas
    Real Estate License ID: AB067285
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1729 CHANDLER Street, PHILADELPHIA, PA 19111
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