2023 Duplex with Roof
For Sale
$649,000
1105 South 27th Street, Philadelphia, PA 19146
Newly built duplex (2023) with two 2-bedroom units, one featuring a roof deck, and currently fully rented.
Property Size2,500 SF
Price / SF$259.60
Days on Market452
Property Features for 1105 South 27th Street
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Multi-Family / Fee Simple
Zoning
CMX2
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,619
Amenities
No
Stainless Steel Appliances, Dishwasher, Washer - Front Loading, Dryer - Gas, Oven/Range - Gas, Refrigerator, Freezer
Washer In Unit, Dryer In Unit
Security System, Sprinkler System - Indoor, Smoke Detector, Carbon Monoxide Detector(s)
No Pool
Above Grade, Below Grade
Roof Deck
Building Details
Year Built
2023
Listing Agency:
Compass
Listed By:
Matthew Ostroff · License #RS372536
(215) 901-2141
Source:
Compass
Added: Jun 13, 2025
Changed: Aug 8
Last Checked: Jul 21 at 7:22AM
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 Compass
Investment Insights
Based on property information with market context.
Built in 2023, this fully rented duplex offers modern, low-maintenance living with two separate units. Unit #1 provides a 2-bedroom, 2.5-bath layout. Unit #2 is also a 2-bedroom, 2.5-bath configuration and includes a roof deck.
The property is located in Philadelphia’s Point Breeze area. The listing notes a ten-year tax abatement in place until 2033.
This duplex is available for sale on an individual basis or as part of a group purchase that includes three other fully rented, new construction buildings listed at 1107 S. 27th St, 2609-11 Federal St, and 2613 Federal St.
The property is located in Philadelphia’s Point Breeze area. The listing notes a ten-year tax abatement in place until 2033.
This duplex is available for sale on an individual basis or as part of a group purchase that includes three other fully rented, new construction buildings listed at 1107 S. 27th St, 2609-11 Federal St, and 2613 Federal St.
Key Highlights
- Duplex built in 2023 with contemporary features and low‑maintenance construction
- Both units are currently rented, providing immediate rental income
- Unit #1 offers 2 bed and 2.5 bath
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
$42,662
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
6.57%
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%
$853,240
$853.2K
Cap Rate 7%
$609,457
$609.5K
Cap Rate 9%
$474,022
$474.0K
Market Conditions
NOI Build-Up for 2,500 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
$64.5K $25.80/SF
− Vacancy
−$3.6K −$1.42/SF
EGI
$60.9K $24.38/SF
− OpEx
−$18.3K −$7.31/SF
NOI
$42.7K $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 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%
$853,240
Cap Rate 7%
$609,457
Cap Rate 9%
$474,022
Alternative Uses
Best Use
Multifamily LT 5
$609.5K
$533.3K – $711.0K
NOI $42,662 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$561.8K
$491.6K – $655.4K
NOI $39,324 @ 7.0% cap · market cap 6.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,532
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
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 - Newly built duplex (2023) with two 2-bedroom units, one featuring a roof deck, and currently fully rented.
Where is this duplex located?
The property is located at 1105 South 27th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Duplex built in 2023 with contemporary features and low‑maintenance construction; Both units are currently rented, providing immediate rental income; Unit #1 offers 2 bed and 2.5 bath
