Brick-Front Duplex with Two
For Sale
$399,000
1018 Jackson Street, Philadelphia, PA 19148
Brick-front duplex with two occupied living areas, shared basement laundry and storage, and a small private rear yard.
Property Size1,230 SF
Price / SF$324.39
Days on Market1284
Property Features for 1018 Jackson Street
General Information
Standard status
Active
Size
1,230 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RSA5
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,498
Amenities
on-site basement storage
laundry area
private rear yard
No
Other
No Pool
Above Grade, Below Grade
Building Details
Year Built
1925
Listing Agency:
Mercury Real Estate Group
Listed By:
Michael J Moss · License #RS286764
(215) 416-3980
Source:
Compass
Added: Mar 4, 2023
Changed: Aug 8
Last Checked: Jul 23 at 2:38AM
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 Mercury Real Estate Group
Investment Insights
Based on property information with market context.
This brick-front duplex offers two residential units. The first-floor unit includes a one-bedroom with a den/second bedroom, and features hardwood floors and large windows. The kitchen and living area are open and include ample counter space. The first-floor unit also provides access to a small private rear yard.
The second-floor unit includes two bedrooms and one bathroom and is currently occupied by tenants. Both units share an on-site basement with storage and a dedicated laundry area.
The property’s interior includes hardwood floors and large windows throughout, with natural light noted in the main bedroom. Shared basement storage and laundry support day-to-day convenience for both units.
The second-floor unit includes two bedrooms and one bathroom and is currently occupied by tenants. Both units share an on-site basement with storage and a dedicated laundry area.
The property’s interior includes hardwood floors and large windows throughout, with natural light noted in the main bedroom. Shared basement storage and laundry support day-to-day convenience for both units.
Key Highlights
- Brick‑front duplex built in 1925 with two separately occupied living areas
- 1st‑floor unit offers 1 bedroom plus a den/second bedroom with access to a small private rear yard
- 2nd‑floor unit has 2 bedrooms and 1 bathroom and is currently tenant‑occupied
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
$20,990
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
5.26%
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%
$419,800
$419.8K
Cap Rate 7%
$299,857
$299.9K
Cap Rate 9%
$233,222
$233.2K
Market Conditions
NOI Build-Up for 1,230 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
$31.7K $25.80/SF
− Vacancy
−$1.7K −$1.42/SF
EGI
$30.0K $24.38/SF
− OpEx
−$9.0K −$7.31/SF
NOI
$21.0K $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%
$419,800
Cap Rate 7%
$299,857
Cap Rate 9%
$233,222
Alternative Uses
Best Use
Multifamily LT 5
$299.9K
$262.4K – $349.8K
NOI $20,990 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$276.4K
$241.8K – $322.5K
NOI $19,347 @ 7.0% cap · market cap 4.85%
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
3,620
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
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 - Brick-front duplex with two occupied living areas, shared basement laundry and storage, and a small private rear yard.
Where is this duplex located?
The property is located at 1018 Jackson Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Brick‑front duplex built in 1925 with two separately occupied living areas; 1st‑floor unit offers 1 bedroom plus a den/second bedroom with access to a small private rear yard; 2nd‑floor unit has 2 bedrooms and 1 bathroom and is currently tenant‑occupied
