Duplex with Two-Car
For Sale
$449,900
1001 RED LION ROAD, Philadelphia, PA 19115
Each residence has two bedrooms, one full bath, separate utility metering, and a dedicated laundry area.
Property Size1,890 SF
Days on Market13
Property Features for 1001 RED LION ROAD
General Information
Standard status
Active
Size
1,890 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Neighborhood
Northeast Philadelphia
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Annual Taxes
$6,160
Amenities
dedicated laundry
Building Details
Building Size
1,890 SF
Year Built
1987
Buildings
1
Listing Agency:
Real of Pennsylvania
Listed By:
Liam Coonahan · License #RS362535
(484) 566-5060
Source:
Lizclarkrealestate
Added: Oct 20
Changed: Oct 31
Last Checked: Oct 30 at 7:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real of Pennsylvania
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Investment Insights
Based on property information with market context.
This 1,890-square-foot duplex, built in 1987, contains two residences with matching layouts: two bedrooms and one full bathroom per unit. Utilities are separately metered, and each residence has its own designated laundry area in the basement. A two-car garage provides a space for each unit.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom
- 1,890 square feet; built in 1987
- Separate utility meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,253
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$645,060
$645.1K
Cap Rate 7%
$460,757
$460.8K
Cap Rate 9%
$358,367
$358.4K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$48.8K $25.80/SF
− Vacancy
−$2.7K −$1.42/SF
EGI
$46.1K $24.38/SF
− OpEx
−$13.8K −$7.31/SF
NOI
$32.3K $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 Rate 5%
$645,060
Cap Rate 7%
$460,757
Cap Rate 9%
$358,367
Alternative Uses
Best Use
Multifamily LT 5
$460.8K
$403.2K – $537.6K
NOI $32,253 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$424.7K
$371.6K – $495.5K
NOI $29,729 @ 7.0% cap · market cap 6.61%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,198
Businesses Nearby
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Business Placement
Demographics for 19115, PA
35,919
Population
15,071
Households
2.4
Avg Household Size
44
Median Age
37%
College-Educated
92%
High-School Grad
5.2 sq mi
ZIP Area
6,908
Density / Sq Mi
$70,388
Median Household Income
$48,949
Median Earnings
$1,230
Median Rent
$330,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one full bath, separate utility metering, and a dedicated laundry area.
Where is this duplex located?
The property is located at 1001 RED LION ROAD Philadelphia, PA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom; 1,890 square feet; built in 1987; Separate utility meters for each unit
