Two-Unit Duplex Near Temple
New
For Sale
$719,900
1706 ARLINGTON STREET, Philadelphia, PA 19121
Two four-bedroom units provide two full bathrooms each, with bedrooms distributed across multiple floors.
Property Size2,408 SF
Price / SF$298.96
Days on Market4
Property Features for 1706 ARLINGTON STREET
General Information
Standard status
Active
Size
2,408 SF
Property subtype
Duplex
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Building Details
Year Built
2020
Listing Agency:
Harvest Realty Group LLC
(215) 519-4096
Listed By:
Prasad Abraham · License #RM425263
(215) 519-4096
Source:
Cummingsrealtors
Added: Aug 10
Changed: Aug 13
Last Checked: Aug 13 at 6:00AM
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 Harvest Realty Group LLC
Investment Insights
Based on property information with market context.
This duplex contains two residential units, each configured with four bedrooms and two full bathrooms. Unit 1 measures approximately 951 square feet, with two bedrooms on the first floor and two more in the basement. Unit 2 places two bedrooms on the second floor and two on the third floor. The property was built in 2020 and has a reported property size of 2,408 square feet.
Located at 1706 Arlington Street in Philadelphia, the duplex is a few blocks from Temple University. Its proximity to the university and surrounding amenities supports the student-oriented residential use identified for both units.
Located at 1706 Arlington Street in Philadelphia, the duplex is a few blocks from Temple University. Its proximity to the university and surrounding amenities supports the student-oriented residential use identified for both units.
Key Highlights
- Two‑unit duplex with four bedrooms and two full bathrooms in each unit
- Unit 1 is approximately 951 sq. ft.
- Unit 1 includes two first‑floor bedrooms and two basement bedrooms
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
$41,092
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
5.71%
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%
$821,840
$821.8K
Cap Rate 7%
$587,029
$587.0K
Cap Rate 9%
$456,578
$456.6K
Market Conditions
NOI Build-Up for 2,408 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
$62.1K $25.80/SF
− Vacancy
−$3.4K −$1.42/SF
EGI
$58.7K $24.38/SF
− OpEx
−$17.6K −$7.31/SF
NOI
$41.1K $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%
$821,840
Cap Rate 7%
$587,029
Cap Rate 9%
$456,578
Alternative Uses
Best Use
Multifamily LT 5
$587.0K
$513.7K – $684.9K
NOI $41,092 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$541.1K
$473.5K – $631.3K
NOI $37,877 @ 7.0% cap · market cap 5.26%
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
2,097
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 - Two four-bedroom units provide two full bathrooms each, with bedrooms distributed across multiple floors.
Where is this duplex located?
The property is located at 1706 ARLINGTON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $719,900.
What are key features of this property?
This property features: Two‑unit duplex with four bedrooms and two full bathrooms in each unit; Unit 1 is approximately 951 sq. ft.; Unit 1 includes two first‑floor bedrooms and two basement bedrooms
