Duplex with Separate
For Sale
$499,900
1711 LONEY STREET, Philadelphia, PA 19111
Two residential floors offer spacious living areas, kitchens, bedrooms, bathrooms, and dedicated utility access.
Property Size2,338 SF
Price / SF$213.82
Days on Market26
Property Features for 1711 LONEY STREET
General Information
Standard status
Active
Size
2,338 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
washer/dryer
central air conditioning
Building Details
Year Built
1961
Buildings
1
Stories
2
Listing Agency:
Re/Max One Realty
(215) 953-8800
Listed By:
Meg Waldowski
(215) 275-6940
Source:
Cummingsrealtors
Added: Aug 11
Changed: Sep 4
Last Checked: Sep 4 at 6:25AM
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 Re/Max One Realty
Investment Insights
Based on property information with market context.
Built in 1961, this duplex provides two separate residential levels with distinct heating, central air conditioning, and electrical systems. The first floor includes an oversized living and dining area, a kitchen with overhead and base cabinetry, two bedrooms, a three-piece ceramic tile bathroom, and a utility room with washer and dryer access. The second floor adds three bedrooms, a living room, dining area, cook’s kitchen, and ample closet storage.
The property includes some newer windows and doors, newer wall-to-wall carpeting, and appliances. Rear access leads to off-street parking for one to two cars, with additional on-street parking available. The address is near shopping and transportation in Philadelphia’s Rhawnhurst area, with direct access toward Center City Philadelphia.
The property includes some newer windows and doors, newer wall-to-wall carpeting, and appliances. Rear access leads to off-street parking for one to two cars, with additional on-street parking available. The address is near shopping and transportation in Philadelphia’s Rhawnhurst area, with direct access toward Center City Philadelphia.
Key Highlights
- Duplex with 2 separate heating, central air conditioning, and electrical systems
- First floor includes 2 bedrooms, a three‑piece ceramic tile bathroom, and washer and dryer access
- Second floor offers 3 bedrooms, a living room, dining area, kitchen, and ample closet space
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
$31,390
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
6.28%
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%
$627,800
$627.8K
Cap Rate 7%
$448,429
$448.4K
Cap Rate 9%
$348,778
$348.8K
Market Conditions
NOI Build-Up for 2,338 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
$46.3K $19.80/SF
− Vacancy
−$1.4K −$0.62/SF
EGI
$44.8K $19.18/SF
− OpEx
−$13.5K −$5.75/SF
NOI
$31.4K $13.43/SF
Area
ZIP 19111
Vacancy
3.13%
Lease Rate
$19.80 /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%
$627,800
Cap Rate 7%
$448,429
Cap Rate 9%
$348,778
Alternative Uses
Best Use
Multifamily LT 5
$448.4K
$392.4K – $523.2K
NOI $31,390 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$413.5K
$361.9K – $482.5K
NOI $28,948 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$708.9K
$620.3K – $827.0K
NOI $49,620 @ 7.0% cap · market cap 9.93%
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
1,127
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 - Two residential floors offer spacious living areas, kitchens, bedrooms, bathrooms, and dedicated utility access.
Where is this duplex located?
The property is located at 1711 LONEY STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Duplex with 2 separate heating, central air conditioning, and electrical systems; First floor includes 2 bedrooms, a three‑piece ceramic tile bathroom, and washer and dryer access; Second floor offers 3 bedrooms, a living room, dining area, kitchen, and ample closet space
