Brick Duplex with Roof
For Sale
$484,900
1315 N 19TH STREET, Philadelphia, PA 19121
Two 4-bedroom, 2-bath units with in-unit laundry, stainless steel appliances, and a private patio and roof deck.
Property Size2,433 SF
Price / SF$199.30
Days on Market73
Property Features for 1315 N 19TH STREET
General Information
Standard status
Active
Size
2,433 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
in-unit laundry
upgraded kitchens
stainless steel appliances
private patio
roof deck
Building Details
Year Built
1915
Tenancy
Multi
Listing Agency:
Redfin Corporation
(484) 962-0034
Listed By:
Carissa Driscoll
(917) 228-4747
Source:
Cummingsrealtors
Added: Jun 29
Changed: Sep 7
Last Checked: Sep 8 at 4:47AM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
This striking brick duplex features a distinctive mosaic facade and two expansive units. Each unit offers a 4-bedroom, 2-bath layout with spacious living areas, in-unit laundry, and upgraded kitchens outfitted with stainless steel appliances.
Unit A is currently vacant and ready for immediate occupancy or leasing, and it includes a private patio. Unit B is tenant-occupied and features a roof deck with skyline views.
The property is configured as a duplex with separate two-level living accommodations, providing both a move-in-ready option and an income-producing unit within the same building.
Unit A is currently vacant and ready for immediate occupancy or leasing, and it includes a private patio. Unit B is tenant-occupied and features a roof deck with skyline views.
The property is configured as a duplex with separate two-level living accommodations, providing both a move-in-ready option and an income-producing unit within the same building.
Key Highlights
- Duplex built in 1915 offering two separate 4‑bedroom, 2‑bath units
- Unit A (first floor) is vacant and ready for immediate occupancy or leasing, with private patio
- Unit B (second floor) is tenant‑occupied and includes a roof deck with skyline views
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
$41,519
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
8.56%
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%
$830,380
$830.4K
Cap Rate 7%
$593,129
$593.1K
Cap Rate 9%
$461,322
$461.3K
Market Conditions
NOI Build-Up for 2,433 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
$62.8K $25.80/SF
− Vacancy
−$3.5K −$1.42/SF
EGI
$59.3K $24.38/SF
− OpEx
−$17.8K −$7.31/SF
NOI
$41.5K $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%
$830,380
Cap Rate 7%
$593,129
Cap Rate 9%
$461,322
Alternative Uses
Best Use
Multifamily LT 5
$593.1K
$519.0K – $692.0K
NOI $41,519 @ 7.0% cap · market cap 8.56%
Second Best
Apartment 5plus
$546.7K
$478.4K – $637.8K
NOI $38,270 @ 7.0% cap · market cap 7.89%
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,121
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two 4-bedroom, 2-bath units with in-unit laundry, stainless steel appliances, and a private patio and roof deck.
Where is this duplex located?
The property is located at 1315 N 19TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $484,900.
What are key features of this property?
This property features: Duplex built in 1915 offering two separate 4‑bedroom, 2‑bath units; Unit A (first floor) is vacant and ready for immediate occupancy or leasing, with private patio; Unit B (second floor) is tenant‑occupied and includes a roof deck with skyline views
