Three-Story Duplex with Full
For Sale
$375,000
1131 COTTMAN AVENUE, Philadelphia, PA 19111
Two-unit brick residence with updated interiors, separate utilities, basement storage, and outdoor space.
Property Size1,890 SF
Lot Size0.09 Acres
Price / SF$198.41
Days on Market25
Property Features for 1131 COTTMAN AVENUE
General Information
Standard status
Active
Size
1,890 SF
Lot size
0.09 Acres
Property subtype
Duplex
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,829
Amenities
front porch
backyard
full basement with laundry and storage
Building Details
Building Size
1,890 SF
Year Built
1953
Buildings
1
Stories
3
Construction
masonry
Listing Agency:
Mercury Real Estate Group
(215) 806-9196
Listed By:
Van M Ha · License #RS320713
(215) 806-9196
Source:
Lizclarkrealestate
Added: Aug 6
Changed: Aug 29
Last Checked: Aug 29 at 7:14PM
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 Mercury Real Estate Group
Investment Insights
Based on property information with market context.
This three-story duplex contains 1,890 square feet across two residential units. The first-floor apartment offers one bedroom, one bathroom, a living room, kitchen, tiled full bath, and rear mudroom access to the backyard. The upper residence occupies the second and third floors with two bedrooms, one bathroom, a living room, kitchen, and additional living area across its two levels. Kitchens include granite countertops, while the first-floor kitchen has stainless steel appliances. Interior improvements include fresh paint, updated flooring, and newly tiled bathrooms.
The property includes separate gas and electric meters, a full unfinished basement with laundry and shared storage, a front porch, and a deep backyard. Brick/masonry construction dates to 1953. Located on Cottman Avenue in Northeast Philadelphia, the duplex has access to public transportation, shopping, and major roadways, with Northeast High, Baldi Middle, and Tabor nearby.
The property includes separate gas and electric meters, a full unfinished basement with laundry and shared storage, a front porch, and a deep backyard. Brick/masonry construction dates to 1953. Located on Cottman Avenue in Northeast Philadelphia, the duplex has access to public transportation, shopping, and major roadways, with Northeast High, Baldi Middle, and Tabor nearby.
Key Highlights
- Two‑unit duplex with 1,890 square feet of total interior space
- First‑floor unit includes 1 bed, 1 bath, kitchen, mudroom, and backyard access
- Second- and third‑floor unit offers 2 beds and 1 bath across two levels
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
$25,375
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
6.77%
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%
$507,500
$507.5K
Cap Rate 7%
$362,500
$362.5K
Cap Rate 9%
$281,944
$281.9K
Market Conditions
NOI Build-Up for 1,890 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
$37.4K $19.80/SF
− Vacancy
−$1.2K −$0.62/SF
EGI
$36.3K $19.18/SF
− OpEx
−$10.9K −$5.75/SF
NOI
$25.4K $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 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%
$507,500
Cap Rate 7%
$362,500
Cap Rate 9%
$281,944
Alternative Uses
Best Use
Multifamily LT 5
$362.5K
$317.2K – $422.9K
NOI $25,375 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$334.3K
$292.5K – $390.0K
NOI $23,401 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$573.0K
$501.4K – $668.5K
NOI $40,112 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,245
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit brick residence with updated interiors, separate utilities, basement storage, and outdoor space.
Where is this duplex located?
The property is located at 1131 COTTMAN AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,890 square feet of total interior space; First‑floor unit includes 1 bed, 1 bath, kitchen, mudroom, and backyard access; Second- and third‑floor unit offers 2 beds and 1 bath across two levels
