Duplex with Finished Lower
For Sale
$329,900
203 ROBBINS Street, Philadelphia, PA 19111
Multi-Family, PHILADELPHIA, PA
Property Size1,846 SF
Lot Size0.06 Acres
Price / SF$178.71
Days on Market47
Property Features for 203 ROBBINS Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Interior features
Ceiling Fan(s)
Appliances
Stove, Refrigerator
Subdivision
NONE AVAILABLE
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
1,846 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
3558
Utilities
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1950
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
Century 21 Veterans-Newtown · Century 21 Real Estate
(267) 352-8000
Listed By:
John H Katein IV · License #RS334688
(267) 414-7057
Added: Jul 24
Changed: Aug 19
Last Checked: Sep 8 at 9:06PM
MLS# PAPH2651918
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 brick duplex, built in 1950, contains 1,846 square feet arranged across two residential units. The first-floor residence includes one bedroom, one bathroom, and exclusive access to a finished lower level with an additional full bathroom. That lower-level area provides adaptable interior space. The second-floor unit offers a one-bedroom layout with a kitchen and living area. Window-unit cooling, hot-water heating, ceiling fans, a stove, and a refrigerator are included. On-street parking serves the property.
Set on 0.0561 acres in Philadelphia’s 19111 ZIP code, the property includes a private backyard for outdoor use. The surrounding area provides access to schools, public transportation, major roadways, parks, hospitals, and shopping. The two-unit configuration supports either separate occupancy or an owner-occupancy arrangement with additional rental space, as supported by the existing layout.
Set on 0.0561 acres in Philadelphia’s 19111 ZIP code, the property includes a private backyard for outdoor use. The surrounding area provides access to schools, public transportation, major roadways, parks, hospitals, and shopping. The two-unit configuration supports either separate occupancy or an owner-occupancy arrangement with additional rental space, as supported by the existing layout.
Key Highlights
- Two‑unit duplex with 1,846 square feet of total property size
- First‑floor one‑bedroom unit includes finished lower level and an additional full bathroom
- Second‑floor unit features one bedroom, kitchen, and living area
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
$24,785
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
7.51%
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%
$495,700
$495.7K
Cap Rate 7%
$354,071
$354.1K
Cap Rate 9%
$275,389
$275.4K
Market Conditions
NOI Build-Up for 1,846 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
$36.6K $19.80/SF
− Vacancy
−$1.1K −$0.62/SF
EGI
$35.4K $19.18/SF
− OpEx
−$10.6K −$5.75/SF
NOI
$24.8K $13.43/SF
Area
ZIP 19111
Vacancy
3.13%
Lease Rate
$19.80 /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%
$495,700
Cap Rate 7%
$354,071
Cap Rate 9%
$275,389
Alternative Uses
Best Use
Multifamily LT 5
$354.1K
$309.8K – $413.1K
NOI $24,785 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$326.5K
$285.7K – $380.9K
NOI $22,856 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$559.7K
$489.7K – $653.0K
NOI $39,178 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Explore this area
Business Placement
Demographics for 19111, PA
67,017
Population
27,518
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
13,962
Density / Sq Mi
$60,441
Median Household Income
$39,065
Median Earnings
$1,221
Median Rent
$244,000
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 residential units include flexible lower-level space, private outdoor area, and separate living layouts.
Where is this duplex located?
The property is located at 203 ROBBINS Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,846 square feet of total property size; First‑floor one‑bedroom unit includes finished lower level and an additional full bathroom; Second‑floor unit features one bedroom, kitchen, and living area
