Duplex with Private
For Sale
$440,000
2119 S 13TH, Philadelphia, PA 19148
Multi-Family, PHILADELPHIA, PA
Property Size1,560 SF
Lot Size0.04 Acres
Price / SF$282.05
Days on Market18
Property Features for 2119 S 13TH
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Subdivision
PHILADELPHIA (SOUTH)
Elementary school
JENKS ABRAM
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
1,560 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
4959
Utilities
Heating system
Other (Heating)
Amenities
in-unit washer/dryer
rear grassy yard
private deck
basement access
Building Details
Year built
1911
Number of units
2
Building materials
Brick
Listing Agency:
Elfant Wissahickon Realtors
(215) 866-0050
Listed By:
Christian Fegel · License #RS338850
(484) 886-6337
Added: Aug 18
Changed: Aug 25
Last Checked: Sep 4 at 11:06AM
MLS# PAPH2660002
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.
Built in 1911, this brick duplex contains 1,560 square feet on a 0.0367-acre lot. The ground-floor unit offers one bedroom, a large living and dining area, an efficient kitchen with pass-through window, in-unit laundry, and access to a rear grassy yard. The second-floor two-bedroom unit includes an eat-in kitchen, oak built-in wardrobe, private deck, and basement laundry and storage access.
One unit is vacant, while the other is occupied under a lease running through 9/1/2027. Separate gas and electric meters serve the units. Property updates include a roof installed in 2018 and boilers replaced in 2020. The property is located at 2119 S 13TH, Philadelphia, PA 19148, one block from the Broad Street subway and within walking distance of neighborhood shopping and eateries.
One unit is vacant, while the other is occupied under a lease running through 9/1/2027. Separate gas and electric meters serve the units. Property updates include a roof installed in 2018 and boilers replaced in 2020. The property is located at 2119 S 13TH, Philadelphia, PA 19148, one block from the Broad Street subway and within walking distance of neighborhood shopping and eateries.
Key Highlights
- Two‑unit brick duplex with 1,560 square feet on a 0.0367‑acre lot
- Ground‑floor 1BR and second‑floor 2BR layouts
- Private deck, rear grassy yard, and basement laundry and storage access
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
$26,621
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
6.05%
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%
$532,420
$532.4K
Cap Rate 7%
$380,300
$380.3K
Cap Rate 9%
$295,789
$295.8K
Market Conditions
NOI Build-Up for 1,560 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
$40.2K $25.80/SF
− Vacancy
−$2.2K −$1.42/SF
EGI
$38.0K $24.38/SF
− OpEx
−$11.4K −$7.31/SF
NOI
$26.6K $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%
$532,420
Cap Rate 7%
$380,300
Cap Rate 9%
$295,789
Alternative Uses
Best Use
Multifamily LT 5
$380.3K
$332.8K – $443.7K
NOI $26,621 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$350.5K
$306.7K – $409.0K
NOI $24,538 @ 7.0% cap · market cap 5.58%
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
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,935
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
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 - Brick two-unit property with separate utility metering, basement storage, and convenient access to the Broad Street subway.
Where is this duplex located?
The property is located at 2119 S 13TH Philadelphia, PA.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Two‑unit brick duplex with 1,560 square feet on a 0.0367‑acre lot; Ground‑floor 1BR and second‑floor 2BR layouts; Private deck, rear grassy yard, and basement laundry and storage access
