Brick Row Duplex with Roof
For Sale
$660,000
2542 W Girard Avenue, Philadelphia, PA 19130
Two-unit brick duplex with a 3-bedroom upper unit, 2-bedroom lower unit, and an expansive roof deck.
Property Size2,176 SF
Price / SF$303.31
Days on Market590
Property Features for 2542 W Girard Avenue
General Information
Standard status
Active
Size
2,176 SF
Property subtype
Multi-Family
Zoning
RM1
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,527
Amenities
Natural Gas
Yes
No
Assessor
1
No Pool
Public
U50
16.00 x 78.00
0.03
Brick/Mortar
136120.00
Building Details
Building Size
2,176 SF
Year Built
1915
Listing Agency:
EXP Realty, LLC
(609) 744-6614
Listed By:
Brittany Moody · License #1540241
(609) 744-6614
Source:
Thetristaterealestategroup
Added: Jan 11, 2025
Changed: Aug 24
Last Checked: Aug 24 at 3:28AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This larger brick row duplex offers two separate residential units. The top unit features a spacious 3-bedroom layout with a generously sized kitchen and three well-proportioned bedrooms. A standout feature of the upper unit is an expansive roof deck, providing outdoor space to relax and enjoy skyline views. The downstairs unit includes a functional 2-bedroom arrangement with comfortable living space and a practical kitchen.
Located at 2542 W Girard Avenue in Philadelphia, the property’s classic brick façade contributes to its residential character.
The building can work well for an owner-occupant seeking rental income while living in the duplex, or for an investor looking for a straightforward two-unit setup. With distinct 3-bedroom and 2-bedroom configurations, the home supports tenant flexibility and accommodates different household needs within the same property.
Located at 2542 W Girard Avenue in Philadelphia, the property’s classic brick façade contributes to its residential character.
The building can work well for an owner-occupant seeking rental income while living in the duplex, or for an investor looking for a straightforward two-unit setup. With distinct 3-bedroom and 2-bedroom configurations, the home supports tenant flexibility and accommodates different household needs within the same property.
Key Highlights
- Two‑unit brick duplex built in 1915 with a 3‑bedroom upper unit and 2‑bedroom lower unit
- Upper unit includes heating (natural gas), central air (yes), natural gas hot water, and 3 bedrooms
- Lower unit features a 2‑bedroom layout with natural gas heating, natural gas hot water, and central air (yes)
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
$37,133
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
5.63%
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%
$742,660
$742.7K
Cap Rate 7%
$530,471
$530.5K
Cap Rate 9%
$412,589
$412.6K
Market Conditions
NOI Build-Up for 2,176 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
$56.1K $25.80/SF
− Vacancy
−$3.1K −$1.42/SF
EGI
$53.0K $24.38/SF
− OpEx
−$15.9K −$7.31/SF
NOI
$37.1K $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%
$742,660
Cap Rate 7%
$530,471
Cap Rate 9%
$412,589
Alternative Uses
Best Use
Multifamily LT 5
$530.5K
$464.2K – $618.9K
NOI $37,133 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$489.0K
$427.8K – $570.5K
NOI $34,227 @ 7.0% cap · market cap 5.19%
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
1,765
Businesses Nearby
Explore this area
Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
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 - Two-unit brick duplex with a 3-bedroom upper unit, 2-bedroom lower unit, and an expansive roof deck.
Where is this duplex located?
The property is located at 2542 W Girard Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Two‑unit brick duplex built in 1915 with a 3‑bedroom upper unit and 2‑bedroom lower unit; Upper unit includes heating (natural gas), central air (yes), natural gas hot water, and 3 bedrooms; Lower unit features a 2‑bedroom layout with natural gas heating, natural gas hot water, and central air (yes)
