Brick Duplex with Roof
For Sale
$484,900
1315 N 19TH Street, Philadelphia, PA 19121
Multi-Family, PHILADELPHIA, PA
Property Size2,433 SF
Lot Size0.03 Acres
Price / SF$199.30
Days on Market54
Property Features for 1315 N 19TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Subdivision
NORTH CENTRAL
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
2,433 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
7178
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
in-unit laundry
private patio
roof deck
Building Details
Year built
1915
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
Redfin Corporation
(484) 962-0034
Listed By:
Carissa Driscoll · License #RSR002934
(917) 228-4747
Added: Jul 17
Changed: Aug 19
Last Checked: Sep 8 at 1:06AM
MLS# PAPH2647104
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Philadelphia duplex contains 2,433 square feet across two expansive units, each arranged with 4 bedrooms, 2 bathrooms, and generous living areas. Both residences include in-unit laundry and upgraded kitchens with stainless steel appliances. Brick construction, central heating, and central air serve the property, which was built in 1915.
Unit A on the first floor is vacant and includes a private patio. Unit B occupies the second floor and is tenant-occupied, with access to a roof deck offering skyline views. The property also includes a basement, on-street parking, and a 0.0292-acre lot at 1315 N 19TH Street in Philadelphia, PA 19121.
Unit A on the first floor is vacant and includes a private patio. Unit B occupies the second floor and is tenant-occupied, with access to a roof deck offering skyline views. The property also includes a basement, on-street parking, and a 0.0292-acre lot at 1315 N 19TH Street in Philadelphia, PA 19121.
Key Highlights
- Duplex with 2,433 square feet and two 4‑bedroom, 2‑bathroom units
- First‑floor Unit A is vacant and includes a private patio
- Second‑floor Unit B is tenant‑occupied and has 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
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,512
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 - Two spacious residential units offer updated kitchens, in-unit laundry, and separate outdoor features.
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 with 2,433 square feet and two 4‑bedroom, 2‑bathroom units; First‑floor Unit A is vacant and includes a private patio; Second‑floor Unit B is tenant‑occupied and has a roof deck with skyline views
