Renovated Duplex
For Sale
$290,000
1135 West Venango Street, Philadelphia, PA 19140
Turnkey, fully renovated two-unit duplex with separate front entrances and matching 2 bed, 1 bath layouts.
Property Size1,650 SF
Price / SF$175.76
Days on Market295
Property Features for 1135 West Venango Street
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RM1
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,793
Amenities
No
Disposal, Oven/Range - Electric, Microwave, Refrigerator
No Pool
Above Grade, Below Grade
Building Details
Year Built
1940
Year Renovated
2021
Listing Agency:
Compass
(856) 230-1132
Listed By:
Angelina Hoffman · License #2321739
(856) 230-1132
Source:
Compass
Added: Oct 22, 2025
Changed: Aug 8
Last Checked: Jul 23 at 4:09AM
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.
This fully renovated duplex was updated in 2021 and is delivered vacant and turnkey. The property contains two separate units, each with a 2-bedroom, 1-bath layout and modern finishes. Updated systems and renter-friendly design elements are included throughout, and the building is configured with two separate front entrances that provide added privacy and convenience for each unit.
Located in Philadelphia, within the Philadelphia City School District. The listing identifies the MLS area as 19140.
The straightforward two-unit configuration, combined with recent renovations, supports an income-focused residential rental use for an owner seeking a property that is ready to operate with minimal upfront work.
Located in Philadelphia, within the Philadelphia City School District. The listing identifies the MLS area as 19140.
The straightforward two-unit configuration, combined with recent renovations, supports an income-focused residential rental use for an owner seeking a property that is ready to operate with minimal upfront work.
Key Highlights
- Fully renovated duplex completed in 2021 with two matching 2 bed, 1 bath units
- Delivered vacant with two separate front entrances for added privacy and convenience
- Updated interior with modern finishes and renter‑friendly designs in both units
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
$25,954
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
8.95%
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%
$519,080
$519.1K
Cap Rate 7%
$370,771
$370.8K
Cap Rate 9%
$288,378
$288.4K
Market Conditions
NOI Build-Up for 1,650 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
$50.1K $30.36/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$47.2K $28.60/SF
− OpEx
−$21.2K −$12.87/SF
NOI
$26.0K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$519,080
Cap Rate 7%
$370,771
Cap Rate 9%
$288,378
Alternative Uses
Best Use
Multifamily LT 5
$402.2K
$352.0K – $469.3K
NOI $28,157 @ 7.0% cap · market cap 9.71%
Second Best
Apartment 5plus
$370.8K
$324.4K – $432.6K
NOI $25,954 @ 7.0% cap · market cap 8.95%
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
Location Intelligence
Trade Area within ½ mile
3,494
Businesses Nearby
Explore this area
Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
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 - Turnkey, fully renovated two-unit duplex with separate front entrances and matching 2 bed, 1 bath layouts.
Where is this duplex located?
The property is located at 1135 West Venango Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Fully renovated duplex completed in 2021 with two matching 2 bed, 1 bath units; Delivered vacant with two separate front entrances for added privacy and convenience; Updated interior with modern finishes and renter‑friendly designs in both units
