Duplex with Lower-Level
New
For Sale
$540,000
121 NANDINA STREET, Philadelphia, PA 19116
Two separate apartments are complemented by a finished walk-out lower level with an in-law suite and full bath.
Property Size1,988 SF
Days on Market4
Property Features for 121 NANDINA STREET
General Information
Standard status
Active
Size
1,988 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Neighborhood
Northeast Philadelphia
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA, 1 x In-Law Suite
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,033
Amenities
private backyard with deck
washer/dryer
Building Details
Building Size
1,988 SF
Year Built
1969
Buildings
1
Listing Agency:
Elite Realty Group Unl. Inc.
Listed By:
Mark Kolibolotsky · License #AB066716
(215) 328-4848
Source:
Lizclarkrealestate
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 4 at 2:31PM
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 Elite Realty Group Unl. Inc.
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Investment Insights
Based on property information with market context.
This 1969 duplex contains two apartments, each with 2 bedrooms and 1 bathroom. A finished, walk-out lower level adds an in-law suite with a full bath, along with three sets of washers and dryers. The property also includes an attached 2-car garage, a private backyard, and a large deck. Improvements noted include replacement windows, laminate flooring, updated kitchens and bathrooms, updated HVAC systems, and a newer roof.
Set at the end of a cul-de-sac in Philadelphia, the property is described as close to shopping, restaurants, parks, public transportation, schools, and major commuting routes. The two-unit layout and separate lower-level suite provide distinct living areas within one property.
Set at the end of a cul-de-sac in Philadelphia, the property is described as close to shopping, restaurants, parks, public transportation, schools, and major commuting routes. The two-unit layout and separate lower-level suite provide distinct living areas within one property.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- Finished walk‑out lower level includes an in‑law suite and full bath
- Three sets of washers and dryers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,925
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,500
$678.5K
Cap Rate 7%
$484,643
$484.6K
Cap Rate 9%
$376,944
$376.9K
Market Conditions
NOI Build-Up for 1,988 SF
Gross rent
$51.3K $25.80/SF
− Vacancy
−$2.8K −$1.42/SF
EGI
$48.5K $24.38/SF
− OpEx
−$14.5K −$7.31/SF
NOI
$33.9K $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 Rate 5%
$678,500
Cap Rate 7%
$484,643
Cap Rate 9%
$376,944
Alternative Uses
Best Use
Multifamily LT 5
$484.6K
$424.1K – $565.4K
NOI $33,925 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$446.7K
$390.9K – $521.2K
NOI $31,270 @ 7.0% cap · market cap 5.79%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
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Business Placement
Demographics for 19116, PA
35,610
Population
14,166
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,848
Density / Sq Mi
$67,558
Median Household Income
$43,817
Median Earnings
$1,214
Median Rent
$321,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments are complemented by a finished walk-out lower level with an in-law suite and full bath.
Where is this duplex located?
The property is located at 121 NANDINA STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; Finished walk‑out lower level includes an in‑law suite and full bath; Three sets of washers and dryers
