Renovated Two-Unit Residential
1713 Borbeck Avenue Philadelphia, PA 19111
1713 Borbeck Avenue, Philadelphia, PA, 19111
$459,000
For Sale
$459,000
Vacant 3-bed, 2-bath unit and a rented 1- and 2-bath unit make up a well-maintained two-unit property.
Property Size2,304 SF
Price / SF$199.22
Days on Market160
Property Features for 1713 Borbeck Avenue
General Information
- Standard status
- Active
- Size
- 2,304 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1958
Listing agency
RE/MAX Prime Real Estate - Philadelphia
(267) 253-7276
Listed by
Jackson J Masih · License #RS306735
(267) 253-7276
Source
Compass
Added: Feb 12 Updated: Jul 21 at 4:26AM Checked: Jul 21 at 4:26AM
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 Prime Real Estate - Philadelphia
Investment Insights
Based on property information with market context.
This well-maintained two-unit residential income property includes a vacant 3-bedroom, 2-bath unit and a second unit currently configured as 1-bedroom and 2-bath and rented. The roof is approximately 3 years old, and the first-floor interior was renovated around the same time. The second-floor bathroom has been newly added or updated.
The first-floor unit is rented month-to-month. The property is located in Philadelphia, within the School District of Philadelphia.
Overall, the building’s current setup offers a mix of in-place rental income and a ready-to-occupy vacant unit, supported by recent roof and interior updates.
The first-floor unit is rented month-to-month. The property is located in Philadelphia, within the School District of Philadelphia.
Overall, the building’s current setup offers a mix of in-place rental income and a ready-to-occupy vacant unit, supported by recent roof and interior updates.
Key Highlights
- Well‑maintained two‑unit property with a vacant 3‑bed/2‑bath unit plus a rented 1‑bath and 2‑bath unit
- Roof is about 3 years old
- 1st floor renovated at the same time as the roof update
Local 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 6.74%
Second Best
Apartment 5plus
$407.5K
$356.6K – $475.5K
NOI $28,527 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$698.5K
$611.2K – $815.0K
NOI $48,898 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Vacant 3-bed, 2-bath unit and a rented 1- and 2-bath unit make up a well-maintained two-unit property.
Where is this duplex located?
The property is located at 1713 Borbeck Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Well‑maintained two‑unit property with a vacant 3‑bed/2‑bath unit plus a rented 1‑bath and 2‑bath unit; Roof is about 3 years old; 1st floor renovated at the same time as the roof update
