Occupied Two-Unit
For Sale
$299,900
7328 Ruskin Rd, Philadelphia, PA 19151
Two occupied rental units in Philadelphia’s Overbrook neighborhood, with separate living spaces and access to public transportation.
Property Size1,732 SF
Price / SF$173.15
Days on Market50
Property Features for 7328 Ruskin Rd
General Information
Standard status
Active
Size
1,732 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Average Monthly Rent
$1,000
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1950
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX Access
Listed By:
Steven Osiecki, Christopher Thude
Source:
Upgradebymichaud
Added: Jul 20
Changed: Aug 28
Last Checked: Sep 6 at 12:25PM
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 RE/MAX Access
Investment Insights
Based on property information with market context.
This duplex contains two separate rental units within a 1,732-square-foot residential building constructed in 1950. Both units are occupied and offer distinct living spaces with functional layouts suited to long-term residential tenancy.
The property is located on Ruskin Rd in Philadelphia’s Overbrook neighborhood, with public transportation, shopping, schools, parks, and major commuter routes in the surrounding area. Its location also provides access toward Center City Philadelphia.
The property is located on Ruskin Rd in Philadelphia’s Overbrook neighborhood, with public transportation, shopping, schools, parks, and major commuter routes in the surrounding area. Its location also provides access toward Center City Philadelphia.
Key Highlights
- Two‑unit duplex at 7328 Ruskin Rd, Philadelphia, PA 19151
- 1,732‑square‑foot building constructed in 1950
- Both rental units are currently 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
$27,244
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
9.08%
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%
$544,880
$544.9K
Cap Rate 7%
$389,200
$389.2K
Cap Rate 9%
$302,711
$302.7K
Market Conditions
NOI Build-Up for 1,732 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
$52.6K $30.36/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$49.5K $28.60/SF
− OpEx
−$22.3K −$12.87/SF
NOI
$27.2K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$544,880
Cap Rate 7%
$389,200
Cap Rate 9%
$302,711
Alternative Uses
Best Use
Multifamily LT 5
$422.2K
$369.5K – $492.6K
NOI $29,556 @ 7.0% cap · market cap 9.86%
Second Best
Apartment 5plus
$389.2K
$340.6K – $454.1K
NOI $27,244 @ 7.0% cap · market cap 9.08%
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
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
Explore this area
Business Placement
Demographics for 19151, PA
30,394
Population
15,084
Households
2
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
12,664
Density / Sq Mi
$58,046
Median Household Income
$42,504
Median Earnings
$1,167
Median Rent
$181,200
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 occupied rental units in Philadelphia’s Overbrook neighborhood, with separate living spaces and access to public transportation.
Where is this duplex located?
The property is located at 7328 Ruskin Rd Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑unit duplex at 7328 Ruskin Rd, Philadelphia, PA 19151; 1,732‑square‑foot building constructed in 1950; Both rental units are currently occupied
