Updated
New
For Sale
$449,900
1715 BORBECK, Philadelphia, PA 19111
Two tenant-occupied units with updated interiors and a flexible multifamily layout.
Property Size2,304 SF
Days on Market5
Property Features for 1715 BORBECK
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,638
Building Details
Building Size
2,304 SF
Year Built
1958
Buildings
1
Listing Agency:
Keller Williams Real Estate - Southampton
Listed By:
Yuliia Kuzmenko · License #RS372984
(215) 355-5500
Source:
Lizclarkrealestate
Added: Sep 18
Changed: Sep 21
Last Checked: Sep 21 at 7:20AM
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 Keller Williams Real Estate - Southampton
Investment Insights
Based on property information with market context.
Built in 1958, this 2,304-square-foot duplex contains two residential units: one with three bedrooms and the other with two bedrooms. Both apartments have been updated and are currently tenant-occupied, providing an established income-producing configuration for an owner or investor.
The property is located at 1715 Borbeck in Philadelphia, with access to shopping, dining, schools, transportation, and major roadways. Its two-unit arrangement supports separate residential occupancy within a single multifamily property.
The property is located at 1715 Borbeck in Philadelphia, with access to shopping, dining, schools, transportation, and major roadways. Its two-unit arrangement supports separate residential occupancy within a single multifamily property.
Key Highlights
- 2,304‑square‑foot duplex built in 1958
- Two units: one 3‑bedroom and one 2‑bedroom
- Both units are currently tenant‑occupied
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
$30,934
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
6.88%
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%
$618,680
$618.7K
Cap Rate 7%
$441,914
$441.9K
Cap Rate 9%
$343,711
$343.7K
Market Conditions
NOI Build-Up for 2,304 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
$45.6K $19.80/SF
− Vacancy
−$1.4K −$0.62/SF
EGI
$44.2K $19.18/SF
− OpEx
−$13.3K −$5.75/SF
NOI
$30.9K $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%
$618,680
Cap Rate 7%
$441,914
Cap Rate 9%
$343,711
Alternative Uses
Best Use
Multifamily LT 5
$441.9K
$386.7K – $515.6K
NOI $30,934 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$407.5K
$356.6K – $475.5K
NOI $28,527 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$698.5K
$611.2K – $815.0K
NOI $48,898 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 tenant-occupied units with updated interiors and a flexible multifamily layout.
Where is this duplex located?
The property is located at 1715 BORBECK Philadelphia, PA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 2,304‑square‑foot duplex built in 1958; Two units: one 3‑bedroom and one 2‑bedroom; Both units are currently tenant‑occupied
