Two-Unit
New
For Sale
$425,000
10722 GIFFORD AVENUE, Philadelphia, PA 19116
Both apartments are tenant-occupied, with separate entrances for each unit.
Property Size1,584 SF
Price / SF$268.31
Days on Market7
Property Features for 10722 GIFFORD AVENUE
General Information
Standard status
Active
Size
1,584 SF
Property subtype
Apartment
Occupancy
100%
Additional Details
Multifamily Units
2
Building Details
Year Built
1965
Buildings
1
Listing Agency:
Premium Realty Castor Inc
(215) 725-7080
Listed By:
James Gorecki · License #AB068780
(610) 639-0168
Source:
Cummingsrealtors
Added: Oct 4
Changed: Oct 10
Last Checked: Oct 9 at 10:37PM
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 Premium Realty Castor Inc
Investment Insights
Based on property information with market context.
This 1,584-square-foot duplex contains two apartments, each with its own entrance. The building dates to 1965 and is currently occupied by tenants in both units.
Located on Gifford Avenue in Philadelphia, the property is described as convenient to shopping, schools, transportation, and major roads.
Located on Gifford Avenue in Philadelphia, the property is described as convenient to shopping, schools, transportation, and major roads.
Key Highlights
- Two apartments, each with a separate entrance
- 1,584 square feet
- Built in 1965
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,031
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,620
$540.6K
Cap Rate 7%
$386,157
$386.2K
Cap Rate 9%
$300,344
$300.3K
Market Conditions
NOI Build-Up for 1,584 SF
Gross rent
$40.9K $25.80/SF
− Vacancy
−$2.3K −$1.42/SF
EGI
$38.6K $24.38/SF
− OpEx
−$11.6K −$7.31/SF
NOI
$27.0K $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%
$540,620
Cap Rate 7%
$386,157
Cap Rate 9%
$300,344
Alternative Uses
Best Use
Multifamily LT 5
$386.2K
$337.9K – $450.5K
NOI $27,031 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$355.9K
$311.5K – $415.3K
NOI $24,916 @ 7.0% cap · market cap 5.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
719
Businesses Nearby
Explore this area
Business Placement
Demographics for 19116, PA
35,610
Population
14,166
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,848
Density / Sq Mi
$67,558
Median Household Income
$43,817
Median Earnings
$1,214
Median Rent
$321,400
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are tenant-occupied, with separate entrances for each unit.
Where is this duplex located?
The property is located at 10722 GIFFORD AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two apartments, each with a separate entrance; 1,584 square feet; Built in 1965
