Occupied Duplex with Hardwood
For Sale
$299,900
1163 S Cleveland Street, Philadelphia, PA 19146
Two residential units offer kitchens, bedrooms, and access to a rear yard or basement.
Property Size1,086 SF
Price / SF$276.15
Days on Market224
Property Features for 1163 S Cleveland Street
General Information
Standard status
Active
Size
1,086 SF
Property subtype
Multi-Family
Zoning
RSA5
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,375
Amenities
Unfinished
Hardwood,Ceramic Tile
Electric,Natural Gas
Yes
Natural Gas,Electric
No
Assessor
No Pool
2 Refrigerators,2 Stoves,1 Washer,1 Dryer
Public
U30
14.00 x 50.00
0.02
On Street
Stone
62520.00
Building Details
Building Size
1,086 SF
Year Built
1920
Listing Agency:
Crown Realty International Ltd
(856) 222-0077
Listed By:
Ryan LeBon
Source:
Thetristaterealestategroup
Added: Dec 31, 2025
Changed: Aug 11
Last Checked: Aug 12 at 3:48AM
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 Crown Realty International Ltd
Investment Insights
Based on property information with market context.
This 1920-built duplex contains 1,086 square feet across two residential units and is fully occupied. The first-floor unit includes hardwood flooring, a bright bedroom, a large kitchen, rear-yard access, and entry to the basement. The second-floor unit also features hardwood flooring, a spacious kitchen, and a generously sized main bedroom with natural light.
The property is located at 1163 S Cleveland Street in Philadelphia’s Point Breeze area and is zoned RSA5. Included appliances comprise two refrigerators, two stoves, one washer, and one dryer. Additional interior finishes include ceramic tile, with electric and natural gas service identified in the property information.
The property is located at 1163 S Cleveland Street in Philadelphia’s Point Breeze area and is zoned RSA5. Included appliances comprise two refrigerators, two stoves, one washer, and one dryer. Additional interior finishes include ceramic tile, with electric and natural gas service identified in the property information.
Key Highlights
- 1,086 SF duplex built in 1920
- Two‑unit property identified as fully occupied
- RSA5 zoning at 1163 S Cleveland Street, Philadelphia, PA 19146
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
$18,532
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
6.18%
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%
$370,640
$370.6K
Cap Rate 7%
$264,743
$264.7K
Cap Rate 9%
$205,911
$205.9K
Market Conditions
NOI Build-Up for 1,086 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
$28.0K $25.80/SF
− Vacancy
−$1.5K −$1.42/SF
EGI
$26.5K $24.38/SF
− OpEx
−$7.9K −$7.31/SF
NOI
$18.5K $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%
$370,640
Cap Rate 7%
$264,743
Cap Rate 9%
$205,911
Alternative Uses
Best Use
Multifamily LT 5
$264.7K
$231.7K – $308.9K
NOI $18,532 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$244.0K
$213.5K – $284.7K
NOI $17,082 @ 7.0% cap · market cap 5.70%
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
3,572
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 - Two residential units offer kitchens, bedrooms, and access to a rear yard or basement.
Where is this duplex located?
The property is located at 1163 S Cleveland Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,086 SF duplex built in 1920; Two‑unit property identified as fully occupied; RSA5 zoning at 1163 S Cleveland Street, Philadelphia, PA 19146
