Updated Twin Rancher
For Sale
$299,000
1629 STRAHLE STREET, Philadelphia, PA 19152
SINGLE_FAMILY - PHILADELPHIA, PA
Property Size1,050 SF
Price / SF$284.76
Days on Market233
Property Features for 1629 STRAHLE STREET
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 1
Subdivision
RHAWNHURST
Standard status
Active
Size
1,050 SF
Building Details
Year built
1956
Listing Agency:
BHHS Fox & Roach Jenkintown Home Marketing Center · Berkshire Hathaway HomeServices
(215) 887-0400
Listed By:
Becky Krevitz
(215) 806-7612
Added: Dec 23, 2025
Changed: Jul 28
Last Checked: Aug 13 at 2:06AM
MLS# PAPH2556442
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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.
This updated twin rancher features 2 bedrooms and 2.5 bathrooms, with a thoughtful redesign that combines two original bedrooms to create a spacious primary suite. The main level includes a living room, dining room, eat-in kitchen, an oversized primary bedroom with an en-suite bath, a generously sized second bedroom, and a full hall bath.
The finished lower level adds flexible living space, including a large area suitable for a den, playroom, or home office, plus a convenient powder room and laundry area. There is direct access from the lower level to the back of the home and the attached 1-car garage.
Set in Philadelphia, PA 19152, this property is offered for sale.
The finished lower level adds flexible living space, including a large area suitable for a den, playroom, or home office, plus a convenient powder room and laundry area. There is direct access from the lower level to the back of the home and the attached 1-car garage.
Set in Philadelphia, PA 19152, this property is offered for sale.
Key Highlights
- Updated twin rancher built in 1956 with 2 bedrooms and 2.5 baths
- Spacious primary suite with walk‑in closet and remodeled en‑suite bath
- Main level includes bright living room, dining room, eat‑in kitchen, and full hall bath
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
$17,918
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
5.99%
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%
$358,360
$358.4K
Cap Rate 7%
$255,971
$256.0K
Cap Rate 9%
$199,089
$199.1K
Market Conditions
NOI Build-Up for 1,050 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
$27.1K $25.80/SF
− Vacancy
−$1.5K −$1.42/SF
EGI
$25.6K $24.38/SF
− OpEx
−$7.7K −$7.31/SF
NOI
$17.9K $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%
$358,360
Cap Rate 7%
$255,971
Cap Rate 9%
$199,089
Alternative Uses
Best Use
Multifamily LT 5
$256.0K
$224.0K – $298.6K
NOI $17,918 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$235.9K
$206.5K – $275.3K
NOI $16,516 @ 7.0% cap · market cap 5.52%
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
555
Businesses Nearby
Explore this area
Business Placement
Demographics for 19152, PA
35,911
Population
13,715
Households
2.6
Avg Household Size
41
Median Age
28%
College-Educated
88%
High-School Grad
2.9 sq mi
ZIP Area
12,383
Density / Sq Mi
$57,966
Median Household Income
$40,428
Median Earnings
$1,236
Median Rent
$270,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Updated 2-bedroom, 2.5-bath twin rancher with a finished lower level and direct access to a 1-car garage.
Where is this duplex located?
The property is located at 1629 STRAHLE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Updated twin rancher built in 1956 with 2 bedrooms and 2.5 baths; Spacious primary suite with walk‑in closet and remodeled en‑suite bath; Main level includes bright living room, dining room, eat‑in kitchen, and full hall bath
