Duplex with Private Roof
For Sale
$535,000
1626 W STILES Street, Philadelphia, PA 19121
Multi-Family, PHILADELPHIA, PA
Property Size2,600 SF
Lot Size0.02 Acres
Price / SF$205.77
Days on Market93
Property Features for 1626 W STILES Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
2,600 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
10176
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2017
Number of units
2
Building materials
Vinyl Siding, Brick
Listing Agency:
Elite Realty Group Unl. Inc. · RE/MAX International
(215) 328-4800
Listed By:
Gene Fish · License #AB065992
(215) 962-0880
Added: Jun 2
Changed: Aug 19
Last Checked: Sep 2 at 11:06PM
MLS# PAPH2628118
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Constructed in 2017, this duplex contains two bi-level residences totaling 2,600 square feet. Each unit offers two bedrooms, 1.5 bathrooms, hardwood flooring, recessed lighting, ample closet storage, and a modern kitchen with granite countertops, stainless steel appliances, tile backsplash, exhaust hood, and custom lighting. One residence includes a fenced rear patio, while the other has a private roof deck with views toward Center City. The property also has forced-air heating, central air, vinyl siding, brick construction, and on-street parking.
The building is located at 1626 W Stiles Street in Philadelphia, near the Broad Street bus stop and subway station. The property carries a Walk Score of 84 out of 100, and its 0.0228-acre lot is within ZIP Code 19121.
The building is located at 1626 W Stiles Street in Philadelphia, near the Broad Street bus stop and subway station. The property carries a Walk Score of 84 out of 100, and its 0.0228-acre lot is within ZIP Code 19121.
Key Highlights
- Two‑unit duplex with 2,600 square feet of total property size
- Each residence includes 2 bedrooms and 1.5 bathrooms
- Both units feature bi‑level layouts with hardwood floors and recessed lighting
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
$44,369
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
8.29%
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%
$887,380
$887.4K
Cap Rate 7%
$633,843
$633.8K
Cap Rate 9%
$492,989
$493.0K
Market Conditions
NOI Build-Up for 2,600 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
$67.1K $25.80/SF
− Vacancy
−$3.7K −$1.42/SF
EGI
$63.4K $24.38/SF
− OpEx
−$19.0K −$7.31/SF
NOI
$44.4K $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%
$887,380
Cap Rate 7%
$633,843
Cap Rate 9%
$492,989
Alternative Uses
Best Use
Multifamily LT 5
$633.8K
$554.6K – $739.5K
NOI $44,369 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$584.2K
$511.2K – $681.6K
NOI $40,897 @ 7.0% cap · market cap 7.64%
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
2,455
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
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 - Bi-level residences feature custom kitchens, private outdoor areas, and contemporary finishes throughout.
Where is this duplex located?
The property is located at 1626 W STILES Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,600 square feet of total property size; Each residence includes 2 bedrooms and 1.5 bathrooms; Both units feature bi‑level layouts with hardwood floors and recessed lighting
