Updated Two-Unit
For Sale
$294,000
1417 LENOX AVENUE, Philadelphia, PA 19140
Each residence offers two bedrooms, two full bathrooms, and separately metered utilities.
Property Size1,120 SF
Days on Market276
Property Features for 1417 LENOX AVENUE
General Information
Standard status
Active
Size
1,120 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,226
Amenities
fenced rear patio
street parking
Building Details
Building Size
1,120 SF
Year Built
1930
Buildings
1
Listing Agency:
KW Empower
Listed By:
Stephen M Kennedy · License #RS330775
(267) 614-3033
Source:
Lizclarkrealestate
Added: Dec 5, 2025
Changed: Aug 28
Last Checked: Sep 7 at 6:28AM
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 KW Empower
Investment Insights
Based on property information with market context.
This 1,120-square-foot duplex, built in 1930, contains two updated residences with two bedrooms and two full bathrooms per unit. Interior improvements include renovated kitchens and bathrooms, functional floor plans, and generously sized bedrooms. Separate utilities serve the units, while the exterior includes a fenced rear patio and street parking.
The property is located at 1417 Lenox Ave in Philadelphia, near Temple University's campus and multiple public transportation options. Bus and subway service, along with access to I-76, I-95, and Center City, are nearby. The duplex may be sold vacant, and it is also offered as part of a 9-unit package that can be purchased separately.
The property is located at 1417 Lenox Ave in Philadelphia, near Temple University's campus and multiple public transportation options. Bus and subway service, along with access to I-76, I-95, and Center City, are nearby. The duplex may be sold vacant, and it is also offered as part of a 9-unit package that can be purchased separately.
Key Highlights
- 1,120 SF duplex built in 1930
- Two units, each with 2 bedrooms and 2 full bathrooms
- Updated kitchens, bathrooms, floor plans, and large bedrooms
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
$19,113
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
6.50%
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%
$382,260
$382.3K
Cap Rate 7%
$273,043
$273.0K
Cap Rate 9%
$212,367
$212.4K
Market Conditions
NOI Build-Up for 1,120 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
$28.9K $25.80/SF
− Vacancy
−$1.6K −$1.42/SF
EGI
$27.3K $24.38/SF
− OpEx
−$8.2K −$7.31/SF
NOI
$19.1K $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%
$382,260
Cap Rate 7%
$273,043
Cap Rate 9%
$212,367
Alternative Uses
Best Use
Multifamily LT 5
$273.0K
$238.9K – $318.6K
NOI $19,113 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$251.7K
$220.2K – $293.6K
NOI $17,617 @ 7.0% cap · market cap 5.99%
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
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,185
Businesses Nearby
Explore this area
Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
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 - Each residence offers two bedrooms, two full bathrooms, and separately metered utilities.
Where is this duplex located?
The property is located at 1417 LENOX AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $294,000.
What are key features of this property?
This property features: 1,120 SF duplex built in 1930; Two units, each with 2 bedrooms and 2 full bathrooms; Updated kitchens, bathrooms, floor plans, and large bedrooms
