Brick Duplex with Roof
For Sale
$640,000
2542 W GIRARD Avenue, Philadelphia, PA 19130
Multi-Family, PHILADELPHIA, PA
Property Size2,176 SF
Lot Size0.03 Acres
Price / SF$294.12
Days on Market607
Property Features for 2542 W GIRARD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,176 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
9527
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
roof deck
Building Details
Year built
1915
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
RE/MAX Access · RE/MAX International
(215) 400-2600
Listed By:
Christopher Thude · License #RS289256
(215) 817-0261
Added: Jan 11, 2025
Changed: Aug 25
Last Checked: Sep 10 at 10:06AM
MLS# PAPH2434434
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 masonry duplex at 2542 W Girard Avenue was built in 1915 and contains 2,176 square feet. The upper residence offers three bedrooms, a generously sized kitchen, and access to an expansive roof deck with skyline views. The lower residence provides two bedrooms, a living area, and a separate practical kitchen, creating distinct layouts within the building.
Central heating and central air conditioning serve the property. The Philadelphia location is identified by ZIP Code 19130, and the compact parcel measures 0.0286 acres. The two-unit configuration supports separate residential occupancy within a classic brick row-building format.
Central heating and central air conditioning serve the property. The Philadelphia location is identified by ZIP Code 19130, and the compact parcel measures 0.0286 acres. The two-unit configuration supports separate residential occupancy within a classic brick row-building format.
Key Highlights
- 2,176‑square‑foot masonry duplex
- Upper unit with 3 bedrooms and expansive roof deck
- Lower unit with 2‑bedroom layout
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
$37,133
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
5.80%
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%
$742,660
$742.7K
Cap Rate 7%
$530,471
$530.5K
Cap Rate 9%
$412,589
$412.6K
Market Conditions
NOI Build-Up for 2,176 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
$56.1K $25.80/SF
− Vacancy
−$3.1K −$1.42/SF
EGI
$53.0K $24.38/SF
− OpEx
−$15.9K −$7.31/SF
NOI
$37.1K $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%
$742,660
Cap Rate 7%
$530,471
Cap Rate 9%
$412,589
Alternative Uses
Best Use
Multifamily LT 5
$530.5K
$464.2K – $618.9K
NOI $37,133 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$489.0K
$427.8K – $570.5K
NOI $34,227 @ 7.0% cap · market cap 5.35%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,765
Businesses Nearby
Explore this area
Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 a three-bedroom upper layout and a two-bedroom lower apartment.
Where is this duplex located?
The property is located at 2542 W GIRARD Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 2,176‑square‑foot masonry duplex; Upper unit with 3 bedrooms and expansive roof deck; Lower unit with 2‑bedroom layout
