Turnkey Bi-Level
For Sale
$510,000
Pending
129 East Durham Street, Philadelphia, PA 19119
Bi-level duplex with private entrances, central AC, and separate gas and electric utilities.
Property Size2,386 SF
Days on Market70
Property Features for 129 East Durham Street
General Information
Standard status
Pending
Size
2,386 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RSA3
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$6,335
Amenities
private entrances
central AC
bonus room
direct access to basement laundry
eat-in kitchen
ceiling fans
decorative fireplace
front porch
rear fenced yard
No
Built-In Microwave, Washer/Dryer Stacked, Dryer, Refrigerator, Washer, Dishwasher
Replacement
Ceiling Fan(s)
No Pool
Porch(es)
Building Details
Year Built
1925
Tenancy
Multi
Listing Agency:
George Woodward Company
Listed By:
Tony Wells · License #AB049742L
(267) 304-3500
Source:
Compass
Added: Jun 30
Changed: Aug 28
Last Checked: Aug 24 at 12:19PM
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 George Woodward Company
Investment Insights
Based on property information with market context.
Turnkey bi-level duplex built in 1925 offering two separate residential units with private entrances. The property includes central AC and separate gas and electric utilities, along with functional bi-level layouts intended for comfortable everyday living.
Unit #1 is a two-bedroom, two-bath configuration with a bonus room and direct access to basement laundry. Unit #2 features two bedrooms and one bathroom, including an eat-in kitchen, ceiling fans, and a decorative fireplace.
Both units have been updated with HVAC, water heaters, and modern finishes. Exterior features include a stone facade and a front porch. A rear fenced yard provides outdoor space, and off-street parking is accessible via a common driveway. The property is located at 129 E Durham Street in Philadelphia, PA 19119.
Unit #1 is a two-bedroom, two-bath configuration with a bonus room and direct access to basement laundry. Unit #2 features two bedrooms and one bathroom, including an eat-in kitchen, ceiling fans, and a decorative fireplace.
Both units have been updated with HVAC, water heaters, and modern finishes. Exterior features include a stone facade and a front porch. A rear fenced yard provides outdoor space, and off-street parking is accessible via a common driveway. The property is located at 129 E Durham Street in Philadelphia, PA 19119.
Key Highlights
- Built in 1925 bi‑level duplex with private entrances
- Central AC plus separate gas and electric utilities
- Unit #1: 2 bed, 2 bath with bonus room and direct basement laundry access
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
$40,717
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
7.98%
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%
$814,340
$814.3K
Cap Rate 7%
$581,671
$581.7K
Cap Rate 9%
$452,411
$452.4K
Market Conditions
NOI Build-Up for 2,386 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
$61.6K $25.80/SF
− Vacancy
−$3.4K −$1.42/SF
EGI
$58.2K $24.38/SF
− OpEx
−$17.5K −$7.31/SF
NOI
$40.7K $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%
$814,340
Cap Rate 7%
$581,671
Cap Rate 9%
$452,411
Alternative Uses
Best Use
Multifamily LT 5
$581.7K
$509.0K – $678.6K
NOI $40,717 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$536.2K
$469.1K – $625.5K
NOI $37,531 @ 7.0% cap · market cap 7.36%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
997
Businesses Nearby
Explore this area
Business Placement
Demographics for 19119, PA
27,265
Population
13,909
Households
2
Avg Household Size
44
Median Age
55%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
8,019
Density / Sq Mi
$81,609
Median Household Income
$54,598
Median Earnings
$1,291
Median Rent
$326,600
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 - Bi-level duplex with private entrances, central AC, and separate gas and electric utilities.
Where is this duplex located?
The property is located at 129 East Durham Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Built in 1925 bi‑level duplex with private entrances; Central AC plus separate gas and electric utilities; Unit #1: 2 bed, 2 bath with bonus room and direct basement laundry access
