Brick Duplex with Off-Street
For Sale
Under Contract
$289,900
5214 SYLVESTER Street, Philadelphia, PA 19124
Multi-Family, PHILADELPHIA, PA
Property Size1,292 SF
Lot Size0.04 Acres
Price / SF$224.38
Days on Market31
Property Features for 5214 SYLVESTER Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
4
Parking features
Off Street
Subdivision
NORTHWOOD
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 Under Contract
Size
1,292 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
2926
Building Details
Year built
1952
Number of units
2
Building materials
Brick
Listing Agency:
OCF Realty LLC - Philadelphia
(215) 735-7368
Listed By:
Darwin Laureano · License #RS356195
(610) 973-9441
Added: Jul 29
Changed: Aug 19
Last Checked: Aug 28 at 7:06PM
MLS# PAPH2653226
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 brick duplex is arranged across two floors and contains 1,292 square feet of living space. The property includes two residential units with flexible configuration options, including a one-bedroom or studio unit paired with a two-bedroom unit, or a one-bedroom layout with separate living, kitchen, and bath areas. Newer mechanical systems, a finished basement, and a full bath located behind a closed-off door add practical utility. The property is being sold in as-is condition.
Situated on a corner lot, the building provides off-street parking for up to four vehicles. Public transportation, shopping, dining, and major roadways are located minutes away. Built in 1952, the row home offers a duplex format with additional basement space for storage or other owner-directed use.
Situated on a corner lot, the building provides off-street parking for up to four vehicles. Public transportation, shopping, dining, and major roadways are located minutes away. Built in 1952, the row home offers a duplex format with additional basement space for storage or other owner-directed use.
Key Highlights
- Two‑unit duplex with 1,292 square feet across two floors
- Brick construction on a corner lot
- Off‑street parking for up to 4 vehicles
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
$16,648
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
5.74%
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%
$332,960
$333.0K
Cap Rate 7%
$237,829
$237.8K
Cap Rate 9%
$184,978
$185.0K
Market Conditions
NOI Build-Up for 1,292 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
$25.6K $19.80/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$23.8K $18.41/SF
− OpEx
−$7.1K −$5.52/SF
NOI
$16.6K $12.89/SF
Area
ZIP 19124
Vacancy
7.03%
Lease Rate
$19.80 /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%
$332,960
Cap Rate 7%
$237,829
Cap Rate 9%
$184,978
Alternative Uses
Best Use
Multifamily LT 5
$237.8K
$208.1K – $277.5K
NOI $16,648 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$218.8K
$191.5K – $255.3K
NOI $15,319 @ 7.0% cap · market cap 5.28%
Theoretical Best
Specialty Retail
$743.2K
$650.3K – $867.0K
NOI $52,022 @ 7.0% cap · market cap 17.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,187
Businesses Nearby
Explore this area
Business Placement
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
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 - Corner-lot two-unit property with flexible layouts, a finished basement, and private vehicle parking.
Where is this duplex located?
The property is located at 5214 SYLVESTER Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,292 square feet across two floors; Brick construction on a corner lot; Off‑street parking for up to 4 vehicles
