Renovated Duplex with Private Outdoor
For Sale
$299,999
6408 SAYBROOK Avenue, Philadelphia, PA 19142
Multi-Family, PHILADELPHIA, PA
Property Size1,482 SF
Lot Size0.03 Acres
Price / SF$202.43
Days on Market48
Property Features for 6408 SAYBROOK Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,482 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
3192
Utilities
Heating system
Forced Air
Cooling system
ENERGY STAR Qualified Equipment
Building Details
Year built
1920
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
United Real Estate
(484) 367-7727
Listed By:
Melisa James
(267) 988-9500
Added: Jul 24
Changed: Aug 19
Last Checked: Sep 9 at 2:06AM
MLS# PAPH2649680
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 renovated duplex contains 1,482 square feet across two residences, each arranged with 2 bedrooms and 1 bathroom. Both units feature luxury vinyl plank flooring, stainless steel kitchen appliances, and forced-air heating. The masonry building was constructed in 1920 and includes a basement.
The first unit has a private rear yard and access to a cleaned-out basement for storage. The second unit is currently rented and includes a walkout rear balcony connected to the living room. On-street parking serves the property at 6408 Saybrook Avenue in Philadelphia, Pennsylvania 19142, on a 0.03-acre lot.
The first unit has a private rear yard and access to a cleaned-out basement for storage. The second unit is currently rented and includes a walkout rear balcony connected to the living room. On-street parking serves the property at 6408 Saybrook Avenue in Philadelphia, Pennsylvania 19142, on a 0.03-acre lot.
Key Highlights
- Two‑unit duplex with 1,482 square feet of building area
- Each unit offers 2 bedrooms and 1 bathroom
- Updated kitchens with stainless steel appliances and LVP flooring
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
$25,290
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
8.43%
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%
$505,800
$505.8K
Cap Rate 7%
$361,286
$361.3K
Cap Rate 9%
$281,000
$281.0K
Market Conditions
NOI Build-Up for 1,482 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
$38.2K $25.80/SF
− Vacancy
−$2.1K −$1.42/SF
EGI
$36.1K $24.38/SF
− OpEx
−$10.8K −$7.31/SF
NOI
$25.3K $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%
$505,800
Cap Rate 7%
$361,286
Cap Rate 9%
$281,000
Alternative Uses
Best Use
Multifamily LT 5
$361.3K
$316.1K – $421.5K
NOI $25,290 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$333.0K
$291.4K – $388.5K
NOI $23,311 @ 7.0% cap · market cap 7.77%
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
Location Intelligence
Trade Area within ½ mile
1,259
Businesses Nearby
Explore this area
Business Placement
Demographics for 19142, PA
29,565
Population
12,943
Households
2.3
Avg Household Size
33
Median Age
13%
College-Educated
82%
High-School Grad
1.7 sq mi
ZIP Area
17,391
Density / Sq Mi
$42,812
Median Household Income
$32,763
Median Earnings
$1,269
Median Rent
$110,400
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 - Two updated residences combine modern kitchens with separate outdoor areas and additional basement storage.
Where is this duplex located?
The property is located at 6408 SAYBROOK Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Two‑unit duplex with 1,482 square feet of building area; Each unit offers 2 bedrooms and 1 bathroom; Updated kitchens with stainless steel appliances and LVP flooring
