Updated Duplex with Private
For Sale
$579,500
112 COTTON STREET, Philadelphia, PA 19127
Separate entrances support flexible occupancy across a one-bedroom lower apartment and an updated three-bedroom upper residence.
Property Size2,360 SF
Price / SF$245.55
Days on Market12
Property Features for 112 COTTON STREET
General Information
Standard status
Active
Size
2,360 SF
Property subtype
Duplex
Building Details
Year Built
1900
Stories
3
Tenancy
Multi
Listing Agency:
BHHS Fox & Roach-Chestnut Hill
(215) 247-3750
Listed By:
Cynthia DeMaio
(215) 247-3750
Source:
Cummingsrealtors
Added: Aug 13
Changed: Aug 23
Last Checked: Aug 23 at 9:07AM
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 BHHS Fox & Roach-Chestnut Hill
Investment Insights
Based on property information with market context.
This 2,360-square-foot duplex was built in 1900 and includes two distinct residential units with separate entrances. The first-floor apartment offers one bedroom, an updated kitchen, and access to a full basement with storage, a washer, and a dryer. The upper residence spans the second and third floors and provides three bedrooms with modern updates throughout.
Located at 112 COTTON STREET in Philadelphia’s Manayunk section, the property is situated within an area characterized by narrow streets, historic surroundings, and sections of cobblestone paving. The first-floor layout also supports potential retail use, subject to applicable requirements, providing flexibility between residential and mixed-use occupancy.
Located at 112 COTTON STREET in Philadelphia’s Manayunk section, the property is situated within an area characterized by narrow streets, historic surroundings, and sections of cobblestone paving. The first-floor layout also supports potential retail use, subject to applicable requirements, providing flexibility between residential and mixed-use occupancy.
Key Highlights
- 2,360‑square‑foot duplex built in 1900
- First‑floor one‑bedroom apartment with updated kitchen
- Three‑bedroom upper apartment across the second and third floors
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
$40,273
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
6.95%
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%
$805,460
$805.5K
Cap Rate 7%
$575,329
$575.3K
Cap Rate 9%
$447,478
$447.5K
Market Conditions
NOI Build-Up for 2,360 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
$60.9K $25.80/SF
− Vacancy
−$3.4K −$1.42/SF
EGI
$57.5K $24.38/SF
− OpEx
−$17.3K −$7.31/SF
NOI
$40.3K $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%
$805,460
Cap Rate 7%
$575,329
Cap Rate 9%
$447,478
Alternative Uses
Best Use
Multifamily LT 5
$575.3K
$503.4K – $671.2K
NOI $40,273 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$530.3K
$464.0K – $618.7K
NOI $37,122 @ 7.0% cap · market cap 6.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,607
Businesses Nearby
Explore this area
Business Placement
Demographics for 19127, PA
6,929
Population
3,496
Households
2
Avg Household Size
29
Median Age
77%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
11,548
Density / Sq Mi
$99,792
Median Household Income
$73,061
Median Earnings
$1,765
Median Rent
$298,900
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 - Separate entrances support flexible occupancy across a one-bedroom lower apartment and an updated three-bedroom upper residence.
Where is this duplex located?
The property is located at 112 COTTON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $579,500.
What are key features of this property?
This property features: 2,360‑square‑foot duplex built in 1900; First‑floor one‑bedroom apartment with updated kitchen; Three‑bedroom upper apartment across the second and third floors
