Turnkey Duplex Near Temple
For Sale
$655,000
1612 N SYDENHAM STREET, Philadelphia, PA 19121
Turnkey duplex with two units and eight beds in 2,352 SF of rentable space.
Property Size2,352 SF
Price / SF$278.49
Days on Market491
Property Features for 1612 N SYDENHAM STREET
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,345
Building Details
Building Size
2,352 SF
Year Built
2014
Listing Agency:
Keller Williams Liberty Place
Listed By:
Ryan J McManus · License #RS316262
(610) 606-1095
Source:
Lizclarkrealestate
Added: May 6, 2025
Changed: Sep 7
Last Checked: Sep 8 at 10:52AM
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 Keller Williams Liberty Place
Investment Insights
Based on property information with market context.
This turnkey duplex offers two units and a total of eight beds within 2,352 SF of rentable space. The property is presented as ready for immediate ownership, with financials and building plans available upon request.
Located at 1612 North Sydenham Street in Philadelphia, the duplex is described as being just off Temple University’s main campus. It is also part of the Temple University Spring Semester Portfolio (TUSSP), a collective package that includes additional multifamily properties.
The building configuration is set up as a two-unit structure, positioned side-by-side with 1614 Sydenham. For additional context within the portfolio, TUSSP is described as including six buildings with eighteen units and sixty-four beds across the package.
Located at 1612 North Sydenham Street in Philadelphia, the duplex is described as being just off Temple University’s main campus. It is also part of the Temple University Spring Semester Portfolio (TUSSP), a collective package that includes additional multifamily properties.
The building configuration is set up as a two-unit structure, positioned side-by-side with 1614 Sydenham. For additional context within the portfolio, TUSSP is described as including six buildings with eighteen units and sixty-four beds across the package.
Key Highlights
- Turnkey duplex with 2 units and 8 beds in 2,352 SF of rentable space
- Year built: 2014
- No pool
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
$40,137
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
6.13%
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%
$802,740
$802.7K
Cap Rate 7%
$573,386
$573.4K
Cap Rate 9%
$445,967
$446.0K
Market Conditions
NOI Build-Up for 2,352 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
$60.7K $25.80/SF
− Vacancy
−$3.3K −$1.42/SF
EGI
$57.3K $24.38/SF
− OpEx
−$17.2K −$7.31/SF
NOI
$40.1K $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%
$802,740
Cap Rate 7%
$573,386
Cap Rate 9%
$445,967
Alternative Uses
Best Use
Multifamily LT 5
$573.4K
$501.7K – $669.0K
NOI $40,137 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$528.5K
$462.5K – $616.6K
NOI $36,996 @ 7.0% cap · market cap 5.65%
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
2,265
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
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 - Turnkey duplex with two units and eight beds in 2,352 SF of rentable space.
Where is this duplex located?
The property is located at 1612 N SYDENHAM STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: Turnkey duplex with 2 units and 8 beds in 2,352 SF of rentable space; Year built: 2014; No pool
