Stone-Front
For Sale
$315,000
1629 Murdoch Road, Philadelphia, PA 19150
Twin residential property with two new gas heaters, sidewalk access, and bus service less than 1 mile away.
Property Size1,320 SF
Price / SF$238.64
Days on Market191
Property Features for 1629 Murdoch Road
General Information
Standard status
Active
Size
1,320 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Fee Simple
Zoning
RSA3
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,874
Amenities
No
Oven - Self Cleaning
No Pool
Above Grade, Below Grade
Exterior Lighting, Sidewalks, Street Lights
Building Details
Year Built
1950
Construction
Stone Front
Listing Agency:
Mount Airy Real Estate
(215) 848-6030
Listed By:
William Qaadir Logan · License #RM419957
(215) 848-6030
Source:
Compass
Added: Feb 20
Changed: Aug 30
Last Checked: Aug 30 at 12:22AM
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 Mount Airy Real Estate
Investment Insights
Based on property information with market context.
This Philadelphia duplex is a twin property with a stone-front exterior and two new gas heaters. Built in 1950, the home includes a self-cleaning oven and exterior lighting, with sidewalks and street lights serving the surrounding area. The property is zoned RSA3 and is located at 1629 Murdoch Road in Philadelphia’s 19150 postal area.
A bus stop is less than 1 mile away, providing access to public transportation. Cedarbrook Mall is also identified as a nearby destination. The property includes above-grade and below-grade areas, with no pool reported.
A bus stop is less than 1 mile away, providing access to public transportation. Cedarbrook Mall is also identified as a nearby destination. The property includes above-grade and below-grade areas, with no pool reported.
Key Highlights
- Twin duplex with stone‑front exterior
- Two new gas heaters
- Zoned RSA3
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
$22,526
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
7.15%
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%
$450,520
$450.5K
Cap Rate 7%
$321,800
$321.8K
Cap Rate 9%
$250,289
$250.3K
Market Conditions
NOI Build-Up for 1,320 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
$34.1K $25.80/SF
− Vacancy
−$1.9K −$1.42/SF
EGI
$32.2K $24.38/SF
− OpEx
−$9.7K −$7.31/SF
NOI
$22.5K $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%
$450,520
Cap Rate 7%
$321,800
Cap Rate 9%
$250,289
Alternative Uses
Best Use
Multifamily LT 5
$321.8K
$281.6K – $375.4K
NOI $22,526 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$296.6K
$259.5K – $346.1K
NOI $20,763 @ 7.0% cap · market cap 6.59%
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
Paved road access
Location Intelligence
Trade Area within ½ mile
701
Businesses Nearby
Explore this area
Business Placement
Demographics for 19150, PA
23,126
Population
10,868
Households
2.1
Avg Household Size
47
Median Age
28%
College-Educated
91%
High-School Grad
1.5 sq mi
ZIP Area
15,417
Density / Sq Mi
$61,257
Median Household Income
$43,002
Median Earnings
$1,282
Median Rent
$225,400
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 - Twin residential property with two new gas heaters, sidewalk access, and bus service less than 1 mile away.
Where is this duplex located?
The property is located at 1629 Murdoch Road Philadelphia, PA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Twin duplex with stone‑front exterior; Two new gas heaters; Zoned RSA3
