Philadelphia Duplex with Finished
For Sale
$430,000
Pending
1026 Levick Street, Philadelphia, PA 19111
Two-unit property with finished basement, garages, and fenced yard.
Property Size2,400 SF
Days on Market158
Property Features for 1026 Levick Street
General Information
Standard status
Pending
Size
2,400 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Fee Simple
Zoning
MULTI- FAMILY
Taxes and HOA fees
Annual Taxes
$4,787
Amenities
No
Dryer - Electric, Exhaust Fan, Refrigerator, Stove, Washer, Water Heater
Ceiling Fan(s), Breakfast Area, Bathroom - Tub Shower
Carbon Monoxide Detector(s)
2+ Access Exits
No Pool
Exterior Lighting, Sidewalks, Street Lights
Building Details
Year Built
1952
Listing Agency:
Alliance Real Estate
(215) 224-2101
Listed By:
Doreen Franklin-Burrows · License #RS297102
(215) 224-2101
Source:
Compass
Added: Mar 9
Changed: Aug 8
Last Checked: Jul 24 at 2:45PM
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 Alliance Real Estate
Investment Insights
Based on property information with market context.
This multifamily property in Philadelphia features two apartments with separate entrances, plus a shared walk-down to the laundry area in the full finished basement. The property includes two full garages, a fenced side yard, and a patio. The building offers a side entrance to the basement. The property is located within the 19111 MLS area, in the Philadelphia City School District. Nearby schools include Laura H Carnell School for elementary and middle school, and Samuel S. Fels High School. The property is sold in "As Is" condition, and the seller will not perform any repairs. The property size is 2400 square feet.
Key Highlights
- Full finished basement with side entrance
- Two‑car garage
- Apartment potential: Separate entrances to both apartments
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
Property Profile
Current Use
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
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 property with finished basement, garages, and fenced yard.
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: Full finished basement with side entrance; Two‑car garage; Apartment potential: Separate entrances to both apartments
