Tudor Duplex with EV
New
For Sale
Under Contract
$550,000
413 E ALLENS LANE, Philadelphia, PA 19119
SINGLE_FAMILY - PHILADELPHIA, PA
Property Size1,704 SF
Price / SF$322.77
Days on Market7
Property Features for 413 E ALLENS LANE
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 1, Bedroom 2
Subdivision
MT AIRY (EAST)
Standard status
Active Under Contract
Size
1,704 SF
Amenities
fireplace
main floor laundry
electric vehicle charger
mature landscaping
Building Details
Year built
1928
Listing Agency:
BHHS Fox & Roach Chestnut Hill · Berkshire Hathaway HomeServices
(215) 247-3750
Listed By:
Henry Meigs
(484) 571-4577
Added: Aug 6
Changed: Aug 11
Last Checked: Aug 12 at 2:06PM
MLS# PAPH2655446
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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 1928, this 1,704-square-foot stone-and-brick Tudor duplex combines period character with practical updates. The interior includes arched openings, a front living room with bay window and tiled fireplace, a separate dining room, and a rear kitchen with granite counters. Main-level laundry adds convenience, while three bedrooms provide generous closet storage. The primary bedroom has a private bath and deep closet, and the hall bathroom has been recently updated.
An unfinished basement with high ceilings and an open layout offers additional storage or adaptable recreational space. The property also includes a garage suitable for parking or storage and a Level 2 electric vehicle charger. Mature landscaping extends across the front, side, and rear grounds. The home is located near the Mt. Airy train station and dining and shopping along Germantown Ave.
An unfinished basement with high ceilings and an open layout offers additional storage or adaptable recreational space. The property also includes a garage suitable for parking or storage and a Level 2 electric vehicle charger. Mature landscaping extends across the front, side, and rear grounds. The home is located near the Mt. Airy train station and dining and shopping along Germantown Ave.
Key Highlights
- 1,704 square feet of interior space in a 1928 Tudor duplex
- Three bedrooms, including a primary suite with private bath
- Unfinished basement with high ceilings and open floor plan
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
$29,079
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
5.29%
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%
$581,580
$581.6K
Cap Rate 7%
$415,414
$415.4K
Cap Rate 9%
$323,100
$323.1K
Market Conditions
NOI Build-Up for 1,704 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
$44.0K $25.80/SF
− Vacancy
−$2.4K −$1.42/SF
EGI
$41.5K $24.38/SF
− OpEx
−$12.5K −$7.31/SF
NOI
$29.1K $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%
$581,580
Cap Rate 7%
$415,414
Cap Rate 9%
$323,100
Alternative Uses
Best Use
Multifamily LT 5
$415.4K
$363.5K – $484.7K
NOI $29,079 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$382.9K
$335.0K – $446.7K
NOI $26,803 @ 7.0% cap · market cap 4.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
929
Businesses Nearby
Explore this area
Business Placement
Demographics for 19119, PA
27,265
Population
13,909
Households
2
Avg Household Size
44
Median Age
55%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
8,019
Density / Sq Mi
$81,609
Median Household Income
$54,598
Median Earnings
$1,291
Median Rent
$326,600
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 - Classic stone-and-brick residence with three bedrooms, updated baths, a garage, and flexible lower-level space.
Where is this duplex located?
The property is located at 413 E ALLENS LANE Philadelphia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,704 square feet of interior space in a 1928 Tudor duplex; Three bedrooms, including a primary suite with private bath; Unfinished basement with high ceilings and open floor plan
