Two-Unit Duplex with Basement
New
For Sale
$425,000
1422 W TIOGA STREET, Philadelphia, PA 19140
Renovated duplex with three- and two-bedroom residences plus basement space with increased clearance.
Property Size2,386 SF
Days on Market2
Property Features for 1422 W TIOGA STREET
General Information
Standard status
Active
Size
2,386 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,092
Building Details
Building Size
2,386 SF
Year Built
1941
Year Renovated
2008
Buildings
1
Listing Agency:
Realty ONE Group Focus
(267) 531-8469
Listed By:
Hernan Alvarado Jr. · License #RS373237
(267) 531-8469
Source:
Mainlinekw
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 3:05AM
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 Realty ONE Group Focus
Investment Insights
Based on property information with market context.
This duplex contains one three-bedroom residence and one two-bedroom residence. The property was renovated in 2008, with basement improvements that increased clearance by 3 feet. The building dates to 1941 and includes additional basement space beyond the primary unit layouts.
The property is located half a block from Temple Hospital, with Temple University’s schools of medicine, podiatry, and dentistry within walking distance on Broad Street. Public transit, hospitals, and major corridors are also identified as nearby access points. Its two-unit configuration supports both owner-occupancy and rental use.
The property is located half a block from Temple Hospital, with Temple University’s schools of medicine, podiatry, and dentistry within walking distance on Broad Street. Public transit, hospitals, and major corridors are also identified as nearby access points. Its two-unit configuration supports both owner-occupancy and rental use.
Key Highlights
- Duplex with one 3‑bedroom unit and one 2‑bedroom unit
- Renovated in 2008
- Basement work added 3 ft of clearance
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
$37,531
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
8.83%
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%
$750,620
$750.6K
Cap Rate 7%
$536,157
$536.2K
Cap Rate 9%
$417,011
$417.0K
Market Conditions
NOI Build-Up for 2,386 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
$72.4K $30.36/SF
− Vacancy
−$4.2K −$1.76/SF
EGI
$68.2K $28.60/SF
− OpEx
−$30.7K −$12.87/SF
NOI
$37.5K $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%
$750,620
Cap Rate 7%
$536,157
Cap Rate 9%
$417,011
Alternative Uses
Best Use
Multifamily LT 5
$581.7K
$509.0K – $678.6K
NOI $40,717 @ 7.0% cap · market cap 9.58%
Second Best
Apartment 5plus
$536.2K
$469.1K – $625.5K
NOI $37,531 @ 7.0% cap · market cap 8.83%
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
Location Intelligence
Trade Area within ½ mile
3,181
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 - Renovated duplex with three- and two-bedroom residences plus basement space with increased clearance.
Where is this duplex located?
The property is located at 1422 W TIOGA STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Duplex with one 3‑bedroom unit and one 2‑bedroom unit; Renovated in 2008; Basement work added 3 ft of clearance
