Two-Unit Duplex with Yard
For Sale
$440,000
1533 W Passyunk Ave, Philadelphia, PA 19147
Duplex with two separate, clean living units, separate utilities, and rear yard access from both units.
Property Size1,700 SF
Price / SF$258.82
Days on Market121
Property Features for 1533 W Passyunk Ave
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$4,899
Listing Agency:
Compass Pennsylvania, LLC
(267) 435-8015
Listed By:
Marco Messina · License #RS343896
(267) 975-7119
Source:
Exprealty
Added: May 8
Changed: Sep 3
Last Checked: Sep 4 at 2:10PM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
This duplex offers two clean and livable units with separate utilities, including two boilers and two hot water tanks. The first-floor unit features hardwood floors throughout the living areas. The second-floor unit includes a flexible layout with three separate rooms that can be configured as a three-bedroom or two-bedroom with a living room, along with central air conditioning. A spacious basement with good ceiling height provides room for additional storage and potential finishing.
The rear yard is accessible from both units and connects to a private alleyway, offering practical access and added functionality. The second floor also has two separate entrances, including access to a common area that could support bike storage and may allow for a washer and dryer setup. Kitchens and bathrooms could benefit from updates.
Located on West Passyunk Avenue near shopping, dining, and public transportation.
The rear yard is accessible from both units and connects to a private alleyway, offering practical access and added functionality. The second floor also has two separate entrances, including access to a common area that could support bike storage and may allow for a washer and dryer setup. Kitchens and bathrooms could benefit from updates.
Located on West Passyunk Avenue near shopping, dining, and public transportation.
Key Highlights
- Duplex at 1533 W Passyunk Ave with two separate, clean and livable units
- Separate utilities for both units, including two boilers and two hot water tanks
- First‑floor unit has hardwood floors throughout the living areas
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
$29,010
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
6.59%
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%
$580,200
$580.2K
Cap Rate 7%
$414,429
$414.4K
Cap Rate 9%
$322,333
$322.3K
Market Conditions
NOI Build-Up for 1,700 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
$43.9K $25.80/SF
− Vacancy
−$2.4K −$1.42/SF
EGI
$41.4K $24.38/SF
− OpEx
−$12.4K −$7.31/SF
NOI
$29.0K $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%
$580,200
Cap Rate 7%
$414,429
Cap Rate 9%
$322,333
Alternative Uses
Best Use
Multifamily LT 5
$414.4K
$362.6K – $483.5K
NOI $29,010 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$382.0K
$334.3K – $445.7K
NOI $26,740 @ 7.0% cap · market cap 6.08%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,681
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
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 - Duplex with two separate, clean living units, separate utilities, and rear yard access from both units.
Where is this duplex located?
The property is located at 1533 W Passyunk Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Duplex at 1533 W Passyunk Ave with two separate, clean and livable units; Separate utilities for both units, including two boilers and two hot water tanks; First‑floor unit has hardwood floors throughout the living areas
