Renovated Duplex with Separate
1609 Borbeck Avenue, Philadelphia, PA 19111
For Sale
New
$445,900
Pending
Two occupied residences offer distinct layouts, including a ground-level unit with step-free entry.
Property Size2,340 SF
Days on Market7
Property Features for 1609 Borbeck Avenue
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
laundry machines
Daylight,Partial
Laminated
Natural Gas
Yes
No
2
Assessor
1
No Pool
Public
W30
27.00 x 116.00
0.07
Driveway
Concrete Driveway
Concrete Perimeter
77100.00
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Perfect Solutions Management & Sales Inc
(215) 535-1719
Listed By:
Irene Mashkovich
Source:
Smartwayamerica
Added: Nov 8
Changed: Nov 12
Last Checked: Nov 13 at 12:02PM
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 Perfect Solutions Management & Sales Inc
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Investment Insights
Based on property information with market context.
This duplex contains two separately entered residences. The upper unit has three bedrooms and two full bathrooms, with updated flooring, a replacement kitchen and remodeled bathrooms. The lower unit includes two bedrooms and an updated bathroom, with entry that does not require stairs. Both units are occupied by tenants.
A basement utility area houses HVAC equipment, hot water heaters and laundry machines. The property was built in 1958 and is zoned RSA3.
A basement utility area houses HVAC equipment, hot water heaters and laundry machines. The property was built in 1958 and is zoned RSA3.
Key Highlights
- Two tenant‑occupied residences, each with its own entrance
- Upper unit includes 3 bedrooms and 2 full bathrooms
- Lower unit has 2 bedrooms, an updated bathroom and step‑free entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,417
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,340
$628.3K
Cap Rate 7%
$448,814
$448.8K
Cap Rate 9%
$349,078
$349.1K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$46.3K $19.80/SF
− Vacancy
−$1.5K −$0.62/SF
EGI
$44.9K $19.18/SF
− OpEx
−$13.5K −$5.75/SF
NOI
$31.4K $13.43/SF
Area
ZIP 19111
Vacancy
3.13%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,340
Cap Rate 7%
$448,814
Cap Rate 9%
$349,078
Alternative Uses
Best Use
Multifamily LT 5
$448.8K
$392.7K – $523.6K
NOI $31,417 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$413.9K
$362.2K – $482.9K
NOI $28,973 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$709.5K
$620.8K – $827.7K
NOI $49,663 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
Explore this area
Business Placement
Demographics for 19111, PA
67,017
Population
27,518
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
13,962
Density / Sq Mi
$60,441
Median Household Income
$39,065
Median Earnings
$1,221
Median Rent
$244,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Philadelphia, PA
Properties on Market for Duplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences offer distinct layouts, including a ground-level unit with step-free entry.
Where is this duplex located?
The property is located at 1609 Borbeck Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $445,900.
What are key features of this property?
This property features: Two tenant‑occupied residences, each with its own entrance; Upper unit includes 3 bedrooms and 2 full bathrooms; Lower unit has 2 bedrooms, an updated bathroom and step‑free entry
