Two-Unit Duplex with
For Sale
$399,000
1037 Fanshawe St, Philadelphia, PA 19111
Separate utilities, basement laundry, and a private driveway support practical residential use.
Property Size1,600 SF
Price / SF$249.38
Days on Market69
Property Features for 1037 Fanshawe St
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Northeast Philadelphia
Additional Details
Multifamily Units
2
Amenities
laundry facilities
Building Details
Year Built
1950
Buildings
1
Listing Agency:
Homestarr Realty
Listed By:
Jose DaSilva
Source:
Upgradebymichaud
Added: Aug 16
Changed: Oct 16
Last Checked: Oct 23 at 8:38AM
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 Homestarr Realty
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Investment Insights
Based on property information with market context.
Built in 1950, this 1,600-square-foot duplex contains two residential units and is configured for separate household occupancy. Utility services are separated between the units, while basement laundry facilities serve the property.
The improvements include a 2-car garage and a large private driveway that can also function as tenant parking. One tenant is currently on a month-to-month arrangement. Located at 1037 Fanshawe St in Philadelphia, the property offers a duplex layout with established residential infrastructure and multiple on-site parking features.
The improvements include a 2-car garage and a large private driveway that can also function as tenant parking. One tenant is currently on a month-to-month arrangement. Located at 1037 Fanshawe St in Philadelphia, the property offers a duplex layout with established residential infrastructure and multiple on-site parking features.
Key Highlights
- 1,600‑square‑foot duplex with two residential units
- Separate utility services for each unit
- 2‑car garage included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,482
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,640
$429.6K
Cap Rate 7%
$306,886
$306.9K
Cap Rate 9%
$238,689
$238.7K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$31.7K $19.80/SF
− Vacancy
−$992 −$0.62/SF
EGI
$30.7K $19.18/SF
− OpEx
−$9.2K −$5.75/SF
NOI
$21.5K $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 Rate 5%
$429,640
Cap Rate 7%
$306,886
Cap Rate 9%
$238,689
Alternative Uses
Best Use
Multifamily LT 5
$306.9K
$268.5K – $358.0K
NOI $21,482 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$283.0K
$247.6K – $330.2K
NOI $19,810 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$485.1K
$424.5K – $566.0K
NOI $33,957 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,003
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities, basement laundry, and a private driveway support practical residential use.
Where is this duplex located?
The property is located at 1037 Fanshawe St Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,600‑square‑foot duplex with two residential units; Separate utility services for each unit; 2‑car garage included
