Rehabbed Duplex in West
For Sale
$549,000
1714 SNYDER Avenue, Philadelphia, PA 19145
MULTI_FAMILY - Contemporary - PHILADELPHIA, PA
Property Size2,208 SF
Lot Size0.02 Acres
Price / SF$248.64
Days on Market121
Property Features for 1714 SNYDER Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Interior features
Combination Kitchen/Living, Floor Plan - Open, Kitchen - Galley, Recessed Lighting, Upgraded Countertops
Appliances
Built-In Microwave, Disposal, Dryer, Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer
Subdivision
WEST PASSYUNK
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,208 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
4938
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1920
Number of units
2
Building materials
Masonry
Architectural style
Contemporary
Listing Agency:
RE/MAX Access · RE/MAX International
(215) 400-2600
Listed By:
Chuong Van Tran · License #AB066680
(215) 519-5057
Added: Apr 15
Changed: Jun 9
Last Checked: Aug 13 at 1:06AM
MLS# PAPH2608574
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in West Passyunk, Philadelphia, this large duplex was completely rehabbed in 2023. The first floor features a living room with new windows and recessed lights, a new kitchen with quartz countertops and stainless steel Frigidaire appliances, and a hall bath with tiled floors and a new tub/shower combo. There are two bedrooms, each with closets and new flooring. The finished basement includes a laundry area with a new washer/dryer and two large recreation rooms. The first floor has access to the finished basement, which includes storage and utilities. The unit has newer HVAC and central air, as well as newer electric hot water heaters. The second floor is a large bi-level unit with a living room featuring recessed lights and an exposed brick wall, a new kitchen with white shaker cabinets, quartz countertops, and stainless steel Frigidaire appliances. The jack and jill bathroom has tiled floors, and a stacked washer/dryer. The first bedroom has recessed lights and a closet. The third floor offers roof access with views, a powder room, and two additional bedrooms with closets and HVAC closets. The property has new paint, plumbing, electric, HVAC, central air, windows, doors, and flooring throughout. The lot size is 0.0237 acres, and the property size is 2208 square feet. The property is currently rented for $2,000 a month with a lease up 8/31/2026. The estimated market rent for the first floor is around $2,000 a month. The property is suitable for investment, Airbnb, or owner-occupation with rental income.
Key Highlights
- Completely rehabbed in 2023 with new paint, plumbing, electric, HVAC, central air, windows, doors, and flooring.
- Duplex featuring two units: first‑floor with finished basement, and a bi‑level second‑floor unit.
- New kitchens in both units feature quartz countertops, stainless steel Frigidaire appliances, and white shaker cabinets.
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
$37,679
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
6.86%
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%
$753,580
$753.6K
Cap Rate 7%
$538,271
$538.3K
Cap Rate 9%
$418,656
$418.7K
Market Conditions
NOI Build-Up for 2,208 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
$57.0K $25.80/SF
− Vacancy
−$3.1K −$1.42/SF
EGI
$53.8K $24.38/SF
− OpEx
−$16.1K −$7.31/SF
NOI
$37.7K $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%
$753,580
Cap Rate 7%
$538,271
Cap Rate 9%
$418,656
Alternative Uses
Best Use
Multifamily LT 5
$538.3K
$471.0K – $628.0K
NOI $37,679 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$496.2K
$434.1K – $578.9K
NOI $34,731 @ 7.0% cap · market cap 6.33%
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
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
3,570
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
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 - Completely renovated duplex with modern amenities and income potential.
Where is this duplex located?
The property is located at 1714 SNYDER Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Completely rehabbed in 2023 with new paint, plumbing, electric, HVAC, central air, windows, doors, and flooring.; Duplex featuring two units: first‑floor with finished basement, and a bi‑level second‑floor unit.; New kitchens in both units feature quartz countertops, stainless steel Frigidaire appliances, and white shaker cabinets.
