Two-Unit Duplex with Separate
For Sale
$550,000
1216 S 20TH STREET, Philadelphia, PA 19146
Duplex with two independent residences, separate utilities, and in-unit washers and dryers.
Property Size2,034 SF
Days on Market56
Property Features for 1216 S 20TH STREET
General Information
Standard status
Active
Size
2,034 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$5,502
Building Details
Building Size
2,034 SF
Year Built
2010
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Cheryl Nash Miller · License #RS227253L
(215) 776-0217
Source:
Patmckennarealtors
Added: Jul 14
Changed: Sep 6
Last Checked: Sep 7 at 6:12AM
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 Pennsylvania, LLC
Investment Insights
Based on property information with market context.
1216 S 20th Street is a well-maintained duplex featuring two completely independent residences with separate entrances and separate utilities. The first-floor unit offers a 1-bedroom, 2-bath layout with an open living area, an updated kitchen, and hardwood flooring across the main level. A fully finished basement with ceramic tile adds additional versatile living space, and the unit includes an in-unit washer and dryer.
The upper bi-level residence receives natural light and includes hardwood flooring, an updated kitchen, 2–3 bedrooms, and 2 full baths with generous living space. Like the lower unit, it also has an in-unit washer and dryer.
Owner-occupied with no rental history to date, the property’s layout and condition are designed to simplify ownership and day-to-day management. The home is located in Philadelphia’s Point Breeze neighborhood, with access to restaurants, shopping, public transportation, major hospitals, universities, parks, and neighborhood amenities.
The upper bi-level residence receives natural light and includes hardwood flooring, an updated kitchen, 2–3 bedrooms, and 2 full baths with generous living space. Like the lower unit, it also has an in-unit washer and dryer.
Owner-occupied with no rental history to date, the property’s layout and condition are designed to simplify ownership and day-to-day management. The home is located in Philadelphia’s Point Breeze neighborhood, with access to restaurants, shopping, public transportation, major hospitals, universities, parks, and neighborhood amenities.
Key Highlights
- Duplex built in 2010 with two completely independent residences, each with a separate entrance and separate utilities
- First‑floor unit: 1‑bedroom, 2‑bath with open living area, updated kitchen, and hardwood flooring on the main level
- Fully finished basement with ceramic tile for added living space in the first‑floor unit (family room, office, gym, or potential second bedroom)
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
$34,710
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
6.31%
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%
$694,200
$694.2K
Cap Rate 7%
$495,857
$495.9K
Cap Rate 9%
$385,667
$385.7K
Market Conditions
NOI Build-Up for 2,034 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
$52.5K $25.80/SF
− Vacancy
−$2.9K −$1.42/SF
EGI
$49.6K $24.38/SF
− OpEx
−$14.9K −$7.31/SF
NOI
$34.7K $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%
$694,200
Cap Rate 7%
$495,857
Cap Rate 9%
$385,667
Alternative Uses
Best Use
Multifamily LT 5
$495.9K
$433.9K – $578.5K
NOI $34,710 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$457.1K
$399.9K – $533.2K
NOI $31,994 @ 7.0% cap · market cap 5.82%
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
3,200
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 - Duplex with two independent residences, separate utilities, and in-unit washers and dryers.
Where is this duplex located?
The property is located at 1216 S 20TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Duplex built in 2010 with two completely independent residences, each with a separate entrance and separate utilities; First‑floor unit: 1‑bedroom, 2‑bath with open living area, updated kitchen, and hardwood flooring on the main level; Fully finished basement with ceramic tile for added living space in the first‑floor unit (family room, office, gym, or potential second bedroom)
