Two-Unit Duplex with Finished
For Sale
$245,000
1239 N ALLISON STREET, Philadelphia, PA 19131
Separate utility metering supports flexible owner-occupant or rental arrangements.
Property Size1,042 SF
Price / SF$235.12
Days on Market8
Property Features for 1239 N ALLISON STREET
General Information
Standard status
Active
Size
1,042 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
laundry
private rear yard
Building Details
Year Built
1925
Listing Agency:
Domain Real Estate Group, LLC
(215) 473-1800
Listed By:
Ayannah S Fitzgerald · License #RS328938
(215) 473-1800
Source:
Cummingsrealtors
Added: Aug 5
Changed: Aug 11
Last Checked: Aug 11 at 5:20AM
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 Domain Real Estate Group, LLC
Investment Insights
Based on property information with market context.
This 1925 duplex contains two separately metered residences with distinct layouts. The first unit offers two bedrooms and one bathroom, along with an open living and dining area, updated flooring, a functional kitchen, and access to a finished basement with laundry and additional living or storage space. A private rear yard is also included.
The second residence provides three bedrooms and one bathroom, with ample room sizes and strong natural light. Its condition leaves room for renovation. Both units use electric systems, while existing gas hookups provide an alternative for future system conversion. The property is located at 1239 N Allison Street in Philadelphia, Pennsylvania 19131.
The second residence provides three bedrooms and one bathroom, with ample room sizes and strong natural light. Its condition leaves room for renovation. Both units use electric systems, while existing gas hookups provide an alternative for future system conversion. The property is located at 1239 N Allison Street in Philadelphia, Pennsylvania 19131.
Key Highlights
- Two‑unit duplex built in 1925
- Separate meters and utilities for each residence
- Unit 1 includes 2 bedrooms, 1 bathroom, finished basement, and laundry
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
$17,782
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
7.26%
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%
$355,640
$355.6K
Cap Rate 7%
$254,029
$254.0K
Cap Rate 9%
$197,578
$197.6K
Market Conditions
NOI Build-Up for 1,042 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
$26.9K $25.80/SF
− Vacancy
−$1.5K −$1.42/SF
EGI
$25.4K $24.38/SF
− OpEx
−$7.6K −$7.31/SF
NOI
$17.8K $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%
$355,640
Cap Rate 7%
$254,029
Cap Rate 9%
$197,578
Alternative Uses
Best Use
Multifamily LT 5
$254.0K
$222.3K – $296.4K
NOI $17,782 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$234.1K
$204.9K – $273.2K
NOI $16,390 @ 7.0% cap · market cap 6.69%
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
Location Intelligence
Trade Area within ½ mile
1,496
Businesses Nearby
Explore this area
Business Placement
Demographics for 19131, PA
42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
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 - Separate utility metering supports flexible owner-occupant or rental arrangements.
Where is this duplex located?
The property is located at 1239 N ALLISON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1925; Separate meters and utilities for each residence; Unit 1 includes 2 bedrooms, 1 bathroom, finished basement, and laundry
