Two-Unit Duplex with Two
10839 Rennard Street Philadelphia, PA 19116
10839 Rennard Street, Philadelphia, PA, 19116
$549,000
Pending
For Sale
$549,000
Pending
Well-maintained duplex with two 2-bedroom, 1-bath units, hardwood floors, updated bathrooms, and shared laundry.
Property Size1,988 SF
Days on Market36
Property Features for 10839 Rennard Street
General Information
- Standard status
- Pending
- Size
- 1,988 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1970
Listing agency
Howard Hanna Real Estate Services
(215) 520-5221
Listed by
Amanda Gutman · License #RS341442
(215) 520-5221
Source
Compass
Added: Jun 17 Updated: Jul 21 at 4:42PM Checked: Jul 22 at 10:06AM
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 Howard Hanna Real Estate Services
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two spacious 2-bedroom, 1-bath units. Both apartments feature hardwood flooring and updated bathrooms. The property includes a partially finished basement, two-car garage, and two shared laundry areas for tenant convenience. Outside, there is a large backyard, along with a storage shed.
The property is located in a desirable cul-de-sac setting in Philadelphia (MLS area 19116). Public remarks note a roof coating system and replacement water heaters, along with consistent upkeep of major systems and components.
As described, the first-floor unit is currently rented, while the second-floor unit is expected to be vacant as of July 1, creating flexibility for either an owner-occupant or a new tenant.
The property is located in a desirable cul-de-sac setting in Philadelphia (MLS area 19116). Public remarks note a roof coating system and replacement water heaters, along with consistent upkeep of major systems and components.
As described, the first-floor unit is currently rented, while the second-floor unit is expected to be vacant as of July 1, creating flexibility for either an owner-occupant or a new tenant.
Key Highlights
- Duplex built in 1970 with two 2‑bedroom, 1‑bath units
- First‑floor unit is currently rented for $2,150/month; second‑floor unit will be vacant as of July 1
- Hardwood flooring throughout both units and updated bathrooms
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.3k | $25.80 |
| − Vacancy | −$2.8k | −$1.42 |
| EGI | $48.5k | $24.38 |
| − OpEx | −$14.5k | −$7.31 |
| NOI | $33.9k | $17.06 |
1,988 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$484.6K
$424.1K – $565.4K
NOI $33,925 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$446.7K
$390.9K – $521.2K
NOI $31,270 @ 7.0% cap · market cap 5.70%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex with two 2-bedroom, 1-bath units, hardwood floors, updated bathrooms, and shared laundry.
Where is this duplex located?
The property is located at 10839 Rennard Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Duplex built in 1970 with two 2‑bedroom, 1‑bath units; First‑floor unit is currently rented for $2,150/month; second‑floor unit will be vacant as of July 1; Hardwood flooring throughout both units and updated bathrooms
