Legal Duplex with Garage
For Sale
$410,000
7352 Dungan Road, Philadelphia, PA 19111
Legal duplex with separate utilities, two patios, and a 2-car garage with office space for flexible tenant or operator use.
Property Size1,320 SF
Price / SF$310.61
Days on Market1482
Property Features for 7352 Dungan Road
General Information
Standard status
Active
Size
1,320 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Zoning
RSA3
Additional Details
Business Included
Yes
Highway Access
Yes
Clear Height
10 ft
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,806
Amenities
Natural Gas
Yes
No
Assessor
No Pool
Public
W30
26.00 x 106.00
0.06
Garage - Front Entry,Oversized
Detached Garage
Stone
54380.00
2
Building Details
Building Size
1,320 SF
Year Built
1960
Stories
2
Listing Agency:
RE/MAX Select Group
(856) 222-0077
Listed By:
Gary Cook · License #1540241
Source:
Thetristaterealestategroup
Added: Aug 4, 2022
Changed: Aug 23
Last Checked: Aug 24 at 3:31AM
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 RE/MAX Select Group
Investment Insights
Based on property information with market context.
This legal duplex offers a 1-plus-2 configuration with finished basement space and two separate apartment units. The first-floor bi-level unit includes a full bath and provides two separate entrances into the unit. The finished basement is currently occupied and can function as a second bedroom or family room, and it includes a half bathroom. The second-floor unit is a one-bedroom apartment and is currently vacant.
The property includes a covered front patio and a nice rear patio, with access from the basement to the utility room and an exit to the rear patio. All utilities are separate. There are two gas hot water tanks, two gas boilers, and two breaker boxes. A two-car garage measuring 22 by 30 feet includes high ceilings and surrounding shelving, plus an office space; the garage has electric heat.
For buyers and owner-occupants, the duplex layout supports multiple living configurations while maintaining utility separation between units. For investors, the current occupancy status and separate systems can simplify management across the two units. The garage and office space can also serve contractors or trades by providing an on-site place to store equipment or house vehicles, subject to the buyer’s intended use.
The property includes a covered front patio and a nice rear patio, with access from the basement to the utility room and an exit to the rear patio. All utilities are separate. There are two gas hot water tanks, two gas boilers, and two breaker boxes. A two-car garage measuring 22 by 30 feet includes high ceilings and surrounding shelving, plus an office space; the garage has electric heat.
For buyers and owner-occupants, the duplex layout supports multiple living configurations while maintaining utility separation between units. For investors, the current occupancy status and separate systems can simplify management across the two units. The garage and office space can also serve contractors or trades by providing an on-site place to store equipment or house vehicles, subject to the buyer’s intended use.
Key Highlights
- Legal duplex: 1+2 layout with the first‑floor bi‑level apartment and a finished basement with a half bath
- Second‑floor 1‑bedroom apartment is vacant; first‑floor unit is currently occupied with 3 months remaining on a 1‑year term
- Separate utilities with 2 natural gas hot water tanks, 2 natural gas boilers, and 2 breaker boxes
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
$17,723
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
4.32%
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%
$354,460
$354.5K
Cap Rate 7%
$253,186
$253.2K
Cap Rate 9%
$196,922
$196.9K
Market Conditions
NOI Build-Up for 1,320 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
$26.1K $19.80/SF
− Vacancy
−$818 −$0.62/SF
EGI
$25.3K $19.18/SF
− OpEx
−$7.6K −$5.75/SF
NOI
$17.7K $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 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%
$354,460
Cap Rate 7%
$253,186
Cap Rate 9%
$196,922
Alternative Uses
Best Use
Multifamily LT 5
$253.2K
$221.5K – $295.4K
NOI $17,723 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$233.5K
$204.3K – $272.4K
NOI $16,344 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$400.2K
$350.2K – $466.9K
NOI $28,015 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10 ft
Clear height
2
Residential units
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
974
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
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 - Legal duplex with separate utilities, two patios, and a 2-car garage with office space for flexible tenant or operator use.
Where is this duplex located?
The property is located at 7352 Dungan Road Philadelphia, PA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Legal duplex: 1+2 layout with the first‑floor bi‑level apartment and a finished basement with a half bath; Second‑floor 1‑bedroom apartment is vacant; first‑floor unit is currently occupied with 3 months remaining on a 1‑year term; Separate utilities with 2 natural gas hot water tanks, 2 natural gas boilers, and 2 breaker boxes
