Tenant-Occupied Duplex with CMX-2.5
New
For Sale
$595,000
4340-42 CRESSON Street, Philadelphia, PA 19127
Multi-Family, PHILADELPHIA, PA
Property Size4,232 SF
Lot Size0.03 Acres
Price / SF$140.60
Days on Market2
Property Features for 4340-42 CRESSON Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement, Dining Room
Parking features
On Street
Interior features
Carpet, Dining Area, Entry Level Bedroom, Kitchen - Eat-In, Wet/Dry Bar, Walk-in Closet(s)
Fireplace
1
Appliances
Dishwasher, Dryer, Oven - Wall, Refrigerator, Washer, WaterHeater
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
4,232 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
8663
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Building Details
Year built
1900
Number of units
2
Building materials
Masonry
Listing Agency:
Tara Management Services Inc
(215) 985-4855
Listed By:
Evan Charles Streeter · License #RS376703
(215) 859-1184
Added: Aug 23
Last Checked: Aug 24 at 1:06PM
MLS# PAPH2660592
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 4,232-square-foot duplex was built in 1900 and contains two tenant-occupied residential units. The Cresson Street residence has 2 bedrooms and 1 full bathroom, along with an eat-in kitchen, living room, walk-in closet, and dedicated laundry room. The Grape Street residence includes 3 bedrooms and 2 full bathrooms, an eat-in kitchen, dining room with gas fireplace, spacious living room, wet bar, and a third-floor loft. Central air serves both units. Recent property updates include paint and carpeting in the Grape Street unit, replacement laundry appliances in the Cresson Street unit, and a redone rubber roof.
The property occupies 0.0306 acres at a corner location in Manayunk near Main Street. CMX-2.5 zoning supports a range of commercial uses. Additional space is provided by a full basement with a separate entrance. On-street parking is available.
The property occupies 0.0306 acres at a corner location in Manayunk near Main Street. CMX-2.5 zoning supports a range of commercial uses. Additional space is provided by a full basement with a separate entrance. On-street parking is available.
Key Highlights
- 4,232 square feet containing 2 tenant‑occupied residential units
- Unit mix includes 3 bedrooms and 2 full bathrooms plus 2 bedrooms and 1 full bathroom
- CMX‑2.5 zoning supports a range of commercial uses
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
$50,276
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
8.45%
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%
$1,005,520
$1.0M
Cap Rate 7%
$718,229
$718.2K
Cap Rate 9%
$558,622
$558.6K
Market Conditions
NOI Build-Up for 4,232 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
$91.4K $21.60/SF
− Vacancy
−$11.0K −$2.59/SF
EGI
$80.4K $19.01/SF
− OpEx
−$30.2K −$7.13/SF
NOI
$50.3K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$1,005,520
Cap Rate 7%
$718,229
Cap Rate 9%
$558,622
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$902.7K – $1.20M
NOI $72,219 @ 7.0% cap · market cap 12.14%
Second Best
Apartment 5plus
$951.0K
$832.1K – $1.11M
NOI $66,567 @ 7.0% cap · market cap 11.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,360
Businesses Nearby
Explore this area
Business Placement
Demographics for 19127, PA
6,929
Population
3,496
Households
2
Avg Household Size
29
Median Age
77%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
11,548
Density / Sq Mi
$99,792
Median Household Income
$73,061
Median Earnings
$1,765
Median Rent
$298,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate kitchens, living areas, and laundry-related amenities.
Where is this duplex located?
The property is located at 4340-42 CRESSON Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 4,232 square feet containing 2 tenant‑occupied residential units; Unit mix includes 3 bedrooms and 2 full bathrooms plus 2 bedrooms and 1 full bathroom; CMX‑2.5 zoning supports a range of commercial uses
