New Construction Point Breeze
For Sale
$510,000
1922 S LAMBERT STREET, Philadelphia, PA 19145
Newly constructed duplex in Point Breeze with modern amenities and city views.
Property Size1,785 SF
Price / SF$285.71
Days on Market1007
Property Features for 1922 S LAMBERT STREET
General Information
Standard status
Active
Size
1,785 SF
Property subtype
Duplex
Amenities
Forced Air
Central A/C
Building Details
Building Size
1,785 SF
Year Built
2019
Listing Agency:
Keller Williams Main Line
Listed By:
Elan Elkaim · License #RS316148
(215) 779-9233
Source:
Kw
Added: Dec 1, 2023
Changed: Aug 25
Last Checked: Sep 3 at 4:24AM
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 Keller Williams Main Line
Investment Insights
Based on property information with market context.
This newly constructed duplex is located at 1922 S Lambert in the Point Breeze neighborhood of Philadelphia. The property features two bi-level units, each with 3 bedrooms and 2 bathrooms. Each unit includes in-unit washer/dryers, open concept living/dining spaces, and kitchens equipped with granite countertops and stainless steel appliances. Modern extras include a built-in surround sound speaker system, a smart thermostat, and a security system. One unit offers a private roof deck with city skyline views, while the other features a spacious private backyard. The property is located near restaurants, cafes, breweries, Smith Playground, and Girard Park. Shopping options such as Aldi and Acme, and retailers like Home Depot, Staples, and BJ’s are also nearby. The location provides convenient access to transit options and highways 76 & 95, the sports complex, and the airport. The property size is 1785 square feet. This duplex is suitable for both homeowners and investors.
Key Highlights
- New Construction Duplex in Point Breeze with Tax Abatement
- Two Bi‑Level Units, Each with 3 Bedrooms and 2 Bathrooms
- In‑Unit Washer/Dryers, Open Concept Living, and Modern Kitchens with Granite Countertops and Stainless Steel Appliances**
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
$30,461
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
5.97%
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%
$609,220
$609.2K
Cap Rate 7%
$435,157
$435.2K
Cap Rate 9%
$338,456
$338.5K
Market Conditions
NOI Build-Up for 1,785 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
$46.1K $25.80/SF
− Vacancy
−$2.5K −$1.42/SF
EGI
$43.5K $24.38/SF
− OpEx
−$13.1K −$7.31/SF
NOI
$30.5K $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%
$609,220
Cap Rate 7%
$435,157
Cap Rate 9%
$338,456
Alternative Uses
Best Use
Multifamily LT 5
$435.2K
$380.8K – $507.7K
NOI $30,461 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$401.1K
$351.0K – $468.0K
NOI $28,077 @ 7.0% cap · market cap 5.51%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,032
Businesses Nearby
Explore this area
Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
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 - Newly constructed duplex in Point Breeze with modern amenities and city views.
Where is this duplex located?
The property is located at 1922 S LAMBERT STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: New Construction Duplex in Point Breeze with Tax Abatement; Two Bi‑Level Units, Each with 3 Bedrooms and 2 Bathrooms; In‑Unit Washer/Dryers, Open Concept Living, and Modern Kitchens with Granite Countertops and Stainless Steel Appliances**
