Duplex with Separate Entrances and
For Sale
$399,900
1808 Griffith St, Philadelphia, PA 19111
Two-level home with a first-floor 2-bedroom unit, a second-floor unit with separate entrance, plus a garage.
Property Size1,440 SF
Price / SF$277.71
Days on Market46
Property Features for 1808 Griffith St
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Multi-Family
Building Details
Year Built
1950
Listing Agency:
Century 21 Advantage Gold-Castor
Listed By:
Miladin Nikic · License #RS220576L
(215) 722-7170
Source:
Upgradebymichaud
Added: Jul 29
Changed: Sep 8
Last Checked: Sep 12 at 1:45PM
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 Advantage Gold-Castor
Investment Insights
Based on property information with market context.
This duplex-style home can be used as a large one-family residence or as a rental property with separate living areas. The first floor features a covered porch, a spacious living room with hardwood floors, mosaic work, and stained-glass doors. A kitchen provides access to the full basement and an exit to the rear yard.
The second floor includes its own separate entrance, with a large living room, a large bedroom, an eat-in kitchen, and a full bathroom. The property is described as having character details throughout, including stained glass and additional mosaics by the owner/artist.
Additional improvements include a full basement with a utility room and a garage. The home is positioned on a wide, tree-lined street in the Rhawnhurst area of Northeast Philadelphia and is described as conveniently located near schools, public transportation, main roads, parks, and shopping.
The second floor includes its own separate entrance, with a large living room, a large bedroom, an eat-in kitchen, and a full bathroom. The property is described as having character details throughout, including stained glass and additional mosaics by the owner/artist.
Additional improvements include a full basement with a utility room and a garage. The home is positioned on a wide, tree-lined street in the Rhawnhurst area of Northeast Philadelphia and is described as conveniently located near schools, public transportation, main roads, parks, and shopping.
Key Highlights
- Property can function as a large one‑family home or as rental property with separate entrance
- First floor offers a covered porch, spacious living room, hardwood floors, and mosaic/stained glass details
- Second floor has its own separate entrance with large living room, bedroom, eat‑in kitchen, and full bathroom
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
$19,334
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
4.83%
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%
$386,680
$386.7K
Cap Rate 7%
$276,200
$276.2K
Cap Rate 9%
$214,822
$214.8K
Market Conditions
NOI Build-Up for 1,440 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
$28.5K $19.80/SF
− Vacancy
−$892 −$0.62/SF
EGI
$27.6K $19.18/SF
− OpEx
−$8.3K −$5.75/SF
NOI
$19.3K $13.43/SF
Area
ZIP 19111
Vacancy
3.13%
Lease Rate
$19.80 /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%
$386,680
Cap Rate 7%
$276,200
Cap Rate 9%
$214,822
Alternative Uses
Best Use
Multifamily LT 5
$276.2K
$241.7K – $322.2K
NOI $19,334 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$254.7K
$222.9K – $297.2K
NOI $17,829 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$436.6K
$382.0K – $509.4K
NOI $30,562 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,186
Businesses Nearby
Explore this area
Business Placement
Demographics for 19111, PA
67,017
Population
27,518
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
13,962
Density / Sq Mi
$60,441
Median Household Income
$39,065
Median Earnings
$1,221
Median Rent
$244,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level home with a first-floor 2-bedroom unit, a second-floor unit with separate entrance, plus a garage.
Where is this duplex located?
The property is located at 1808 Griffith St Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Property can function as a large one‑family home or as rental property with separate entrance; First floor offers a covered porch, spacious living room, hardwood floors, and mosaic/stained glass details; Second floor has its own separate entrance with large living room, bedroom, eat‑in kitchen, and full bathroom
