Corner Brick
For Sale
$329,000
127 S 51St Street, Philadelphia, PA 19139
Two residential units offer updated kitchens, separate layouts, and basement laundry hookups in a low-maintenance building.
Property Size1,845 SF
Price / SF$178.32
Days on Market131
Property Features for 127 S 51St Street
General Information
Standard status
Active
Size
1,845 SF
Property subtype
Multi-Family
Zoning
C4
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$143
Amenities
laundry hook-up
Full
Ceramic Tile,Partially Carpeted
Electric
Yes
No
3
Estimated
Kitchen - Eat-In
1
No Pool
Same as presented.
Public
N50
0.03
On Street
Brick/Mortar
1296.00
Building Details
Building Size
1,845 SF
Year Built
1910
Buildings
1
Construction
brick
Listing Agency:
Century 21 Reilly Realtors
(856) 222-0077
Listed By:
Francis Brennan · License #1540241
Source:
Thetristaterealestategroup
Added: Apr 14
Changed: Aug 21
Last Checked: Aug 21 at 4:24AM
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 Century 21 Reilly Realtors
Investment Insights
Based on property information with market context.
This 1910 brick duplex contains two separate residential units in a corner, end-of-row configuration. The larger residence has three bedrooms, two full bathrooms, an open living and kitchen area, hardwood flooring, and modern appliances. The second unit includes two bedrooms, one bathroom, new carpeting, and an updated kitchen. A full basement provides laundry hookups, while the property is classified under C4 zoning.
The property is located in Philadelphia’s University City area near public transportation, the 52nd Street shopping corridor, the West Philadelphia YMCA, and Martin Luther King Park. Its two-unit layout supports separate occupancy within the same building, with each residence offering its own living accommodations.
The property is located in Philadelphia’s University City area near public transportation, the 52nd Street shopping corridor, the West Philadelphia YMCA, and Martin Luther King Park. Its two-unit layout supports separate occupancy within the same building, with each residence offering its own living accommodations.
Key Highlights
- Two‑unit brick duplex built in 1910
- Main residence includes 3 bedrooms and 2 full baths
- Second unit offers 2 bedrooms and 1 bath
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
$29,021
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
8.82%
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%
$580,420
$580.4K
Cap Rate 7%
$414,586
$414.6K
Cap Rate 9%
$322,456
$322.5K
Market Conditions
NOI Build-Up for 1,845 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
$56.0K $30.36/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$52.8K $28.60/SF
− OpEx
−$23.7K −$12.87/SF
NOI
$29.0K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$580,420
Cap Rate 7%
$414,586
Cap Rate 9%
$322,456
Alternative Uses
Best Use
Multifamily LT 5
$449.8K
$393.6K – $524.8K
NOI $31,485 @ 7.0% cap · market cap 9.57%
Second Best
Apartment 5plus
$414.6K
$362.8K – $483.7K
NOI $29,021 @ 7.0% cap · market cap 8.82%
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
2,031
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
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 residential units offer updated kitchens, separate layouts, and basement laundry hookups in a low-maintenance building.
Where is this duplex located?
The property is located at 127 S 51St Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Two‑unit brick duplex built in 1910; Main residence includes 3 bedrooms and 2 full baths; Second unit offers 2 bedrooms and 1 bath
