Tenant-Occupied Duplex with Two 2BR
For Sale
$225,000
3129 N 9TH Street, Philadelphia, PA 19133
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,050 SF
Lot Size0.02 Acres
Price / SF$214.29
Days on Market118
Property Features for 3129 N 9TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Subdivision
HARTRANFT
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,050 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
1079
Utilities
Heating system
Electric (Heating), Baseboard
Building Details
Year built
1925
Number of units
1
Building materials
Masonry
Architectural style
Other
Listing Agency:
Lime House
(717) 840-1355
Listed By:
Jack Talhelm · License #RS368054
(717) 961-1393
Added: May 11
Changed: Jul 23
Last Checked: Sep 5 at 1:06PM
MLS# PAPH2613864
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 offering is a tenant-occupied duplex built to support a two-unit rental layout. The property includes two 2-bedroom apartments, with one of the units offering two bathrooms. With tenants already in place, the duplex is positioned to deliver immediate in-place income based on the current occupancy and unit mix.
The property is located at 3129 N 9TH Street in Philadelphia, Pennsylvania. The lot size is listed at 0.0193 acres, and the total property size is 1,050 square feet. The seller indicates financial information is available for review.
For investors seeking a straightforward multifamily hold, this duplex provides current rental income through its existing tenants and a practical, family-oriented configuration of two 2-bedroom units. The seller will consider offers on this property individually or together with additional portfolio assets, giving buyers the option to expand within the broader portfolio if desired.
The property is located at 3129 N 9TH Street in Philadelphia, Pennsylvania. The lot size is listed at 0.0193 acres, and the total property size is 1,050 square feet. The seller indicates financial information is available for review.
For investors seeking a straightforward multifamily hold, this duplex provides current rental income through its existing tenants and a practical, family-oriented configuration of two 2-bedroom units. The seller will consider offers on this property individually or together with additional portfolio assets, giving buyers the option to expand within the broader portfolio if desired.
Key Highlights
- Tenant‑occupied duplex with immediate in‑place income
- Unit mix includes two 2‑bedroom apartments, including one 2‑bath unit
- Built in 1925
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
$17,918
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
7.96%
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%
$358,360
$358.4K
Cap Rate 7%
$255,971
$256.0K
Cap Rate 9%
$199,089
$199.1K
Market Conditions
NOI Build-Up for 1,050 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
$27.1K $25.80/SF
− Vacancy
−$1.5K −$1.42/SF
EGI
$25.6K $24.38/SF
− OpEx
−$7.7K −$7.31/SF
NOI
$17.9K $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%
$358,360
Cap Rate 7%
$255,971
Cap Rate 9%
$199,089
Alternative Uses
Best Use
Multifamily LT 5
$256.0K
$224.0K – $298.6K
NOI $17,918 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$235.9K
$206.5K – $275.3K
NOI $16,516 @ 7.0% cap · market cap 7.34%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,725
Businesses Nearby
Explore this area
Business Placement
Demographics for 19133, PA
24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
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 - Tenant-occupied duplex featuring two 2-bedroom apartments, including one with two bathrooms, generating in-place income.
Where is this duplex located?
The property is located at 3129 N 9TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Tenant‑occupied duplex with immediate in‑place income; Unit mix includes two 2‑bedroom apartments, including one 2‑bath unit; Built in 1925
