Remodeled Legal Duplex with Rental
For Sale
$319,900
5843 CRITTENDEN Street, Philadelphia, PA 19138
Multi-Family, PHILADELPHIA, PA
Property Size1,753 SF
Lot Size0.02 Acres
Price / SF$182.49
Days on Market84
Property Features for 5843 CRITTENDEN Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,753 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
3429
Utilities
Heating system
Hot Water(Heating)
Cooling system
Wall Unit(s)
Building Details
Year built
1915
Number of units
4
Building materials
Masonry
Architectural style
Other
Listing Agency:
REDBLOCK Realty Inc.
(215) 331-5252
Listed By:
Emanuel Kosacci · License #RS290429
(215) 500-0134
Added: Jun 2
Changed: Aug 19
Last Checked: Aug 24 at 6:06AM
MLS# PAPH2628742
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 legal duplex offers two rental units and a rental license for two units. The first-floor unit is a 2-bedroom, 1-bath layout. The second-floor unit is a 3-bedroom, 2-bath arrangement. The property has been remodeled from top to bottom within approximately the last three years, including new HVAC, new electrical, new plumbing, and updated kitchens and baths.
The duplex is located at 5843 Crittenden Street in Philadelphia, PA 19138. The listing reports that the property is fully rented, with tenants paying all utilities except water.
According to the public remarks, the first-floor unit has $1,660 in monthly rent and the second-floor unit has $2,000 in monthly rent, for total reported monthly income of $3,660. The listing also notes the owner has identified an identical duplex next door as part of a potential package sale.
The duplex is located at 5843 Crittenden Street in Philadelphia, PA 19138. The listing reports that the property is fully rented, with tenants paying all utilities except water.
According to the public remarks, the first-floor unit has $1,660 in monthly rent and the second-floor unit has $2,000 in monthly rent, for total reported monthly income of $3,660. The listing also notes the owner has identified an identical duplex next door as part of a potential package sale.
Key Highlights
- Legal duplex with rental license for 2 units; both units are fully rented
- 1st‑floor unit: 2BR/1BA renting for $1,660/month; tenants pay all utilities except water
- 2nd‑floor unit: 3BR/2BA with Section 8 rent of $2,000/month
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
$27,574
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
8.62%
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%
$551,480
$551.5K
Cap Rate 7%
$393,914
$393.9K
Cap Rate 9%
$306,378
$306.4K
Market Conditions
NOI Build-Up for 1,753 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
$53.2K $30.36/SF
− Vacancy
−$3.1K −$1.76/SF
EGI
$50.1K $28.60/SF
− OpEx
−$22.6K −$12.87/SF
NOI
$27.6K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$551,480
Cap Rate 7%
$393,914
Cap Rate 9%
$306,378
Alternative Uses
Best Use
Multifamily LT 5
$427.4K
$373.9K – $498.6K
NOI $29,915 @ 7.0% cap · market cap 9.35%
Second Best
Apartment 5plus
$393.9K
$344.7K – $459.6K
NOI $27,574 @ 7.0% cap · market cap 8.62%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,018
Businesses Nearby
Explore this area
Business Placement
Demographics for 19138, PA
31,816
Population
13,836
Households
2.3
Avg Household Size
39
Median Age
18%
College-Educated
89%
High-School Grad
1.8 sq mi
ZIP Area
17,676
Density / Sq Mi
$51,586
Median Household Income
$36,956
Median Earnings
$1,172
Median Rent
$167,300
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 - Legal two-unit duplex is fully rented, with tenants paying all utilities except water.
Where is this duplex located?
The property is located at 5843 CRITTENDEN Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Legal duplex with rental license for 2 units; both units are fully rented; 1st‑floor unit: 2BR/1BA renting for $1,660/month; tenants pay all utilities except water; 2nd‑floor unit: 3BR/2BA with Section 8 rent of $2,000/month
