Duplex With Private
For Sale
$619,900
1709 HARTRANFT STREET, Philadelphia, PA 19145
Two-unit property with dedicated parking and short-term rental licensing ready for transfer.
Property Size1,718 SF
Price / SF$360.83
Days on Market58
Property Features for 1709 HARTRANFT STREET
General Information
Standard status
Active
Size
1,718 SF
Property subtype
Duplex
Building Details
Year Built
1960
Listing Agency:
Canaan Realty Services INC
(215) 333-1826
Listed By:
Phillyn Noeun · License #RS357549
(267) 269-6178
Source:
Cummingsrealtors
Added: Jul 22
Changed: Sep 17
Last Checked: Sep 16 at 5:49PM
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 Canaan Realty Services INC
Investment Insights
Based on property information with market context.
This 1,718-square-foot duplex, built in 1960, contains four bedrooms and two full bathrooms across two matching units. Each residence is configured with two bedrooms and one bathroom. One unit is vacant and ready for occupancy, while the other is leased with a tenant who can vacate upon sale. The property also includes a two-car driveway and a private garage.
Located at 1709 Hartranft Street in Philadelphia, the property is near Citizens Bank Park, Lincoln Financial Field, Wells Fargo Center, and FDR Park. Short-term rental licensing is active and prepared for transfer to a new owner, supporting flexibility between traditional rental and short-term use strategies.
Located at 1709 Hartranft Street in Philadelphia, the property is near Citizens Bank Park, Lincoln Financial Field, Wells Fargo Center, and FDR Park. Short-term rental licensing is active and prepared for transfer to a new owner, supporting flexibility between traditional rental and short-term use strategies.
Key Highlights
- Two‑unit duplex with 1,718 SF of building area
- Four bedrooms and two full bathrooms; each unit has 2 bedrooms and 1 bathroom
- One unit is vacant and rent‑ready
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
$29,317
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
4.73%
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%
$586,340
$586.3K
Cap Rate 7%
$418,814
$418.8K
Cap Rate 9%
$325,744
$325.7K
Market Conditions
NOI Build-Up for 1,718 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
$44.3K $25.80/SF
− Vacancy
−$2.4K −$1.42/SF
EGI
$41.9K $24.38/SF
− OpEx
−$12.6K −$7.31/SF
NOI
$29.3K $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%
$586,340
Cap Rate 7%
$418,814
Cap Rate 9%
$325,744
Alternative Uses
Best Use
Multifamily LT 5
$418.8K
$366.5K – $488.6K
NOI $29,317 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$386.0K
$337.8K – $450.4K
NOI $27,023 @ 7.0% cap · market cap 4.36%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
Explore this area
Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with dedicated parking and short-term rental licensing ready for transfer.
Where is this duplex located?
The property is located at 1709 HARTRANFT STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $619,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,718 SF of building area; Four bedrooms and two full bathrooms; each unit has 2 bedrooms and 1 bathroom; One unit is vacant and rent‑ready
