Renovated Duplex with Private
New
For Sale
$469,000
7959 LANGDON Street, Philadelphia, PA 19111
Multi-Family, PHILADELPHIA, PA
Property Size2,338 SF
Lot Size0.07 Acres
Price / SF$200.60
Days on Market1
Property Features for 7959 LANGDON Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
2
Parking features
Driveway, Alley
Appliances
Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances
Subdivision
RHAWNHURST
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,338 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
5376
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
on-site laundry
central HVAC
Building Details
Year built
1965
Number of units
2
Building materials
Masonry, Brick
Architectural style
Modern
Listing Agency:
Keller Williams Realty - Moorestown
(856) 316-1100
Listed By:
Isis Yovana Toledo Rosas · License #RS375314
(215) 740-2068
Added: Sep 7
Last Checked: Sep 7 at 9:06PM
MLS# PAPH2662330
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 two-unit property at 7959 Langdon Street includes 2,338 square feet of building area on a 0.0734-acre lot. Each unit has its own central heating and central air conditioning, while a shared laundry area accommodates 2 washers and 2 dryers with separate access from each unit. The building features masonry and brick construction with a modern architectural style and was built in 1965.
Two private parking spots are located in the rear alley, complemented by driveway and alley parking features. The property is in Philadelphia’s Rhawnhurst neighborhood and is served by gas range ovens, refrigerators, microwaves, and stainless steel appliances.
Two private parking spots are located in the rear alley, complemented by driveway and alley parking features. The property is in Philadelphia’s Rhawnhurst neighborhood and is served by gas range ovens, refrigerators, microwaves, and stainless steel appliances.
Key Highlights
- 2,338‑square‑foot duplex on a 0.0734‑acre lot
- Two private parking spots in the rear alley
- Separate central heating and central air conditioning for each unit
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
$31,390
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
6.69%
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%
$627,800
$627.8K
Cap Rate 7%
$448,429
$448.4K
Cap Rate 9%
$348,778
$348.8K
Market Conditions
NOI Build-Up for 2,338 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
$46.3K $19.80/SF
− Vacancy
−$1.4K −$0.62/SF
EGI
$44.8K $19.18/SF
− OpEx
−$13.5K −$5.75/SF
NOI
$31.4K $13.43/SF
Area
ZIP 19111
Vacancy
3.13%
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%
$627,800
Cap Rate 7%
$448,429
Cap Rate 9%
$348,778
Alternative Uses
Best Use
Multifamily LT 5
$448.4K
$392.4K – $523.2K
NOI $31,390 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$413.5K
$361.9K – $482.5K
NOI $28,948 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$708.9K
$620.3K – $827.0K
NOI $49,620 @ 7.0% cap · market cap 10.58%
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
1,127
Businesses Nearby
Explore this area
Business Placement
Demographics for 19111, PA
67,017
Population
27,518
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
13,962
Density / Sq Mi
$60,441
Median Household Income
$39,065
Median Earnings
$1,221
Median Rent
$244,000
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 - Two-unit residential property with separate central HVAC, shared laundry access, and off-street parking.
Where is this duplex located?
The property is located at 7959 LANGDON Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: 2,338‑square‑foot duplex on a 0.0734‑acre lot; Two private parking spots in the rear alley; Separate central heating and central air conditioning for each unit
