Two-Unit Duplex with Finished Basement
1227 HELLERMAN ST, Philadelphia, PA 19111
For Sale
$294,900
A tenant-occupied property with a one-bedroom residence downstairs and a two-bedroom residence above.
Property Size1,946 SF
Price / SF$151.54
Days on Market8
Property Features for 1227 HELLERMAN ST
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Listing Agency:
Homelink Realty
(215) 535-0898
Listed By:
Hongyan Li · License PA RSR002373
(267) 538-9821
Source:
Graves
Added: Nov 4
Changed: Nov 7
Last Checked: Nov 10 at 7:29AM
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 Homelink Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains 1,946 square feet across two units. The first-floor residence has one bedroom and one bathroom, while the second-floor unit offers two bedrooms and one bathroom. A finished room in the basement adds flexible space. The property is tenant-occupied, and the buyer must assume the existing lease; delivery will not be vacant. It is offered in as-is condition.
The property is available as part of a portfolio sale that also includes 1450 Benner St and 5050 Rorer St.
The property is available as part of a portfolio sale that also includes 1450 Benner St and 5050 Rorer St.
Key Highlights
- Two units: one bedroom and one bathroom on the first floor; two bedrooms and one bathroom on the second
- Finished basement room
- Tenant‑occupied; buyer must assume the existing lease, and the property will not be delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,127
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,540
$522.5K
Cap Rate 7%
$373,243
$373.2K
Cap Rate 9%
$290,300
$290.3K
Market Conditions
NOI Build-Up for 1,946 SF
Gross rent
$38.5K $19.80/SF
− Vacancy
−$1.2K −$0.62/SF
EGI
$37.3K $19.18/SF
− OpEx
−$11.2K −$5.75/SF
NOI
$26.1K $13.43/SF
Area
ZIP 19111
Vacancy
3.13%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,540
Cap Rate 7%
$373,243
Cap Rate 9%
$290,300
Alternative Uses
Best Use
Multifamily LT 5
$373.2K
$326.6K – $435.5K
NOI $26,127 @ 7.0% cap · market cap 8.86%
Second Best
Apartment 5plus
$344.2K
$301.2K – $401.6K
NOI $24,094 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$590.0K
$516.3K – $688.4K
NOI $41,301 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
Explore this area
Business Placement
Demographics for 19111, PA
67,017
Population
27,518
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
13,962
Density / Sq Mi
$60,441
Median Household Income
$39,065
Median Earnings
$1,221
Median Rent
$244,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Philadelphia, PA
Properties on Market for Duplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A tenant-occupied property with a one-bedroom residence downstairs and a two-bedroom residence above.
Where is this duplex located?
The property is located at 1227 HELLERMAN ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $294,900.
What are key features of this property?
This property features: Two units: one bedroom and one bathroom on the first floor; two bedrooms and one bathroom on the second; Finished basement room; Tenant‑occupied; buyer must assume the existing lease, and the property will not be delivered vacant
