2-Unit Duplex with
New
For Sale
$469,900
12512 BISCAYNE DRIVE, Philadelphia, PA 19154
Both residences are vacant, with separate laundry connections and basement storage serving the property.
Property Size1,722 SF
Days on Market6
Property Features for 12512 BISCAYNE DRIVE
General Information
Standard status
Active
Size
1,722 SF
Total Parking Spaces
4
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$5,925
Amenities
refinished hardwoods
ceramic tile floor
carpeted
newer skylight
dedicated shared laundry
dedicated storage
Building Details
Building Size
1,722 SF
Year Built
1965
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Keller Williams Real Estate Tri-County
Listed By:
Joseph Cunningham · License #AB067130
(215) 327-1776
Source:
Lizclarkrealestate
Added: Oct 16
Changed: Oct 20
Last Checked: Oct 19 at 11:44AM
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 Real Estate Tri-County
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Investment Insights
Based on property information with market context.
This 1,722-square-foot duplex, built in 1965, contains two two-bedroom residences. The first-floor unit has a living room, dining room, kitchen with ceramic tile flooring, and refinished hardwood floors. Upstairs, the rooms are similarly sized, with carpeting over hardwood flooring and a newer skylight. Each unit has a three-piece hall bathroom. Updated HVAC systems, electrical components, windows, and paint are among the property improvements.
The basement provides storage and shared laundry facilities with separate hookups for each residence. A two-car garage and a two-car driveway provide off-street parking. Front, rear, and side yards are also part of the property. Both units are vacant and ready for occupancy or leasing.
The basement provides storage and shared laundry facilities with separate hookups for each residence. A two-car garage and a two-car driveway provide off-street parking. Front, rear, and side yards are also part of the property. Both units are vacant and ready for occupancy or leasing.
Key Highlights
- Two‑bedroom layout in each of the two units
- 1,722 square feet; built in 1965
- Two‑car garage plus driveway parking for two cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,386
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,720
$587.7K
Cap Rate 7%
$419,800
$419.8K
Cap Rate 9%
$326,511
$326.5K
Market Conditions
NOI Build-Up for 1,722 SF
Gross rent
$44.4K $25.80/SF
− Vacancy
−$2.4K −$1.42/SF
EGI
$42.0K $24.38/SF
− OpEx
−$12.6K −$7.31/SF
NOI
$29.4K $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%
$587,720
Cap Rate 7%
$419,800
Cap Rate 9%
$326,511
Alternative Uses
Best Use
Multifamily LT 5
$419.8K
$367.3K – $489.8K
NOI $29,386 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$386.9K
$338.6K – $451.4K
NOI $27,086 @ 7.0% cap · market cap 5.76%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
847
Businesses Nearby
Explore this area
Business Placement
Demographics for 19154, PA
34,681
Population
13,296
Households
2.6
Avg Household Size
39
Median Age
27%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
5,419
Density / Sq Mi
$93,479
Median Household Income
$50,969
Median Earnings
$1,396
Median Rent
$274,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant, with separate laundry connections and basement storage serving the property.
Where is this duplex located?
The property is located at 12512 BISCAYNE DRIVE Philadelphia, PA.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Two‑bedroom layout in each of the two units; 1,722 square feet; built in 1965; Two‑car garage plus driveway parking for two cars
