Two-Unit Ranchplex with Updated
For Sale
$490,000
1709 Borbeck Ave, Philadelphia, PA 19111
Updated kitchens, fresh carpeting, and rear off-street parking support comfortable everyday occupancy.
Property Size2,304 SF
Price / SF$212.67
Days on Market55
Property Features for 1709 Borbeck Ave
General Information
Standard status
Active
Size
2,304 SF
Total Parking Spaces
2
Property subtype
Residential Income
Amenities
fenced rear yard
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Realty Mark Associates
(215) 668-8354
Listed By:
Jay L Press · License #RS270714
(215) 668-8354
Source:
Exprealty
Added: Jun 8
Changed: Jul 31
Last Checked: Jul 31 at 10:34PM
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 Realty Mark Associates
Investment Insights
Based on property information with market context.
This well-maintained two-unit ranchplex includes a first-floor two-bedroom, one-bath unit and a second-floor three-bedroom, two-bath unit. The first-floor residence features a brand-new updated kitchen, fresh carpeting throughout, and fresh paint. The second-floor unit includes an updated kitchen, a primary bedroom with private full bath, and an additional full hall bath.
The property also offers a fenced rear yard and two off-street parking spaces at the rear. The layout supports owner occupancy with rental income from the other unit or use as a two-unit residential income property. Public transportation, shopping, dining, schools, and houses of worship are nearby.
The property also offers a fenced rear yard and two off-street parking spaces at the rear. The layout supports owner occupancy with rental income from the other unit or use as a two-unit residential income property. Public transportation, shopping, dining, schools, and houses of worship are nearby.
Key Highlights
- Two‑unit property with a 2‑bedroom, 1‑bath first‑floor unit and a 3‑bedroom, 2‑bath second‑floor unit
- First‑floor unit has a brand‑new updated kitchen, fresh carpeting throughout, and fresh paint
- Second‑floor unit includes an updated kitchen and primary bedroom with private full bath
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.6k | $19.80 |
| − Vacancy | −$1.4k | −$0.62 |
| EGI | $44.2k | $19.18 |
| − OpEx | −$13.3k | −$5.75 |
| NOI | $30.9k | $13.43 |
2,304 SF · lease $19.80/SF/yr · vacancy 3.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$441.9K
$386.7K – $515.6K
NOI $30,934 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$407.5K
$356.6K – $475.5K
NOI $28,527 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$698.5K
$611.2K – $815.0K
NOI $48,898 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,186
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
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 - Updated kitchens, fresh carpeting, and rear off-street parking support comfortable everyday occupancy.
Where is this duplex located?
The property is located at 1709 Borbeck Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Two‑unit property with a 2‑bedroom, 1‑bath first‑floor unit and a 3‑bedroom, 2‑bath second‑floor unit; First‑floor unit has a brand‑new updated kitchen, fresh carpeting throughout, and fresh paint; Second‑floor unit includes an updated kitchen and primary bedroom with private full bath
