Duplex With Finished
For Sale
Under Contract
$430,000
1026 LEVICK Street, Philadelphia, PA 19111
Multi-Family, PHILADELPHIA, PA
Property Size2,400 SF
Price / SF$179.17
Days on Market195
Property Features for 1026 LEVICK Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
2
Parking features
Garage - Attached, Driveway
Interior features
Ceiling Fan(s), Breakfast Area, Bathroom - Tub Shower
Appliances
Dryer - Electric, Exhaust Fan, Refrigerator, Stove, Washer, WaterHeater
Elementary school
LAURA H CARNELL SCHOOL
Middle school
LAURA H CARNELL SCHOOL
High school
SAMUEL S. FELS
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active Under Contract
Size
2,400 SF
Taxes and HOA fees
Tax Annual Amount
4787
Utilities
Heating system
Other (Heating)
Cooling system
Ceiling Fan(s), Window Unit(s)
Amenities
full finished basement
fenced side yard
patio
laundry area
Building Details
Year built
1952
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
Alliance Real Estate · ERA Real Estate
Listed By:
Doreen Franklin-Burrows · License #RS297102
(215) 224-2101
Added: Mar 10
Changed: Sep 1
Last Checked: Sep 20 at 1:06AM
MLS# PAPH2592522
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 brick duplex contains 2,400 square feet and was built in 1952. The two apartments are vacant and each has its own entrance. Interior features include breakfast areas, tub-and-shower bathrooms, ceiling fans, and window-unit cooling. The property also includes a full finished basement with a shared laundry area accessed by a walk-down, along with a side basement entrance.
Exterior features include a fenced side yard and patio. Parking is provided by a driveway and attached garage. Appliances include refrigerators, stoves, washers, electric dryers, water heaters, and exhaust fans. The property is being sold as-is, with the seller making no repairs.
Exterior features include a fenced side yard and patio. Parking is provided by a driveway and attached garage. Appliances include refrigerators, stoves, washers, electric dryers, water heaters, and exhaust fans. The property is being sold as-is, with the seller making no repairs.
Key Highlights
- 2,400‑square‑foot brick duplex built in 1952
- Two vacant apartments with separate entrances
- Full finished basement with shared laundry area
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
$32,223
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
7.49%
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%
$644,460
$644.5K
Cap Rate 7%
$460,329
$460.3K
Cap Rate 9%
$358,033
$358.0K
Market Conditions
NOI Build-Up for 2,400 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
$47.5K $19.80/SF
− Vacancy
−$1.5K −$0.62/SF
EGI
$46.0K $19.18/SF
− OpEx
−$13.8K −$5.75/SF
NOI
$32.2K $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%
$644,460
Cap Rate 7%
$460,329
Cap Rate 9%
$358,033
Alternative Uses
Best Use
Multifamily LT 5
$460.3K
$402.8K – $537.1K
NOI $32,223 @ 7.0% cap · market cap 7.49%
Second Best
Apartment 5plus
$424.5K
$371.5K – $495.3K
NOI $29,716 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$727.7K
$636.7K – $848.9K
NOI $50,936 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
958
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments have separate entrances, with shared access to a basement laundry area.
Where is this duplex located?
The property is located at 1026 LEVICK Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: 2,400‑square‑foot brick duplex built in 1952; Two vacant apartments with separate entrances; Full finished basement with shared laundry area
