Income-Producing Duplex
For Sale
$299,900
7328 RUSKIN Road, Philadelphia, PA 19151
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,732 SF
Lot Size0.06 Acres
Price / SF$173.15
Days on Market57
Property Features for 7328 RUSKIN Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
2
Parking features
Garage - Attached
Subdivision
OVERBROOK PARK
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,732 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
3607
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1950
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
RE/MAX Access · RE/MAX International
(215) 400-2600
Listed By:
Steven Osiecki · License #RM420757
(215) 400-2617
Added: Jun 16
Changed: Jun 17
Last Checked: Aug 11 at 3:06PM
MLS# PAPH2634544
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.
7328 Ruskin Road presents an income-producing duplex with two separate rental units. Both units are occupied, and each is currently generating $1,000 per month. The property is described as well-maintained, with functional layouts designed for long-term residential tenancy. The building totals 1,732 square feet, situated on a 0.0629-acre lot.
The duplex is located in Philadelphia’s Overbrook neighborhood (ZIP 19151). The listing notes convenient access to public transportation, shopping, schools, parks, and major commuter routes, with an easy route into Center City Philadelphia.
For buyers seeking a residential income property, the two-unit configuration allows for an owner to potentially live in one unit while renting the other, depending on personal preference and leasing arrangements. With both units already occupied, the property also supports an owner’s plan for collecting current rental income rather than beginning from vacancy. This duplex is offered for sale for those looking to expand or add to a residential income portfolio in an established neighborhood.
The duplex is located in Philadelphia’s Overbrook neighborhood (ZIP 19151). The listing notes convenient access to public transportation, shopping, schools, parks, and major commuter routes, with an easy route into Center City Philadelphia.
For buyers seeking a residential income property, the two-unit configuration allows for an owner to potentially live in one unit while renting the other, depending on personal preference and leasing arrangements. With both units already occupied, the property also supports an owner’s plan for collecting current rental income rather than beginning from vacancy. This duplex is offered for sale for those looking to expand or add to a residential income portfolio in an established neighborhood.
Key Highlights
- Duplex in Philadelphia’s Overbrook neighborhood with both units currently occupied
- Each unit rents for $1,000 per month
- Both units offer separate living spaces with functional layouts
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
$27,244
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
9.08%
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%
$544,880
$544.9K
Cap Rate 7%
$389,200
$389.2K
Cap Rate 9%
$302,711
$302.7K
Market Conditions
NOI Build-Up for 1,732 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
$52.6K $30.36/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$49.5K $28.60/SF
− OpEx
−$22.3K −$12.87/SF
NOI
$27.2K $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%
$544,880
Cap Rate 7%
$389,200
Cap Rate 9%
$302,711
Alternative Uses
Best Use
Multifamily LT 5
$422.2K
$369.5K – $492.6K
NOI $29,556 @ 7.0% cap · market cap 9.86%
Second Best
Apartment 5plus
$389.2K
$340.6K – $454.1K
NOI $27,244 @ 7.0% cap · market cap 9.08%
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
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
Explore this area
Business Placement
Demographics for 19151, PA
30,394
Population
15,084
Households
2
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
12,664
Density / Sq Mi
$58,046
Median Household Income
$42,504
Median Earnings
$1,167
Median Rent
$181,200
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 occupied rental units generate $1,000 per month each in a well-maintained Philadelphia duplex.
Where is this duplex located?
The property is located at 7328 RUSKIN Road Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Duplex in Philadelphia’s Overbrook neighborhood with both units currently occupied; Each unit rents for $1,000 per month; Both units offer separate living spaces with functional layouts
