Two-Unit Duplex with Fenced
For Sale
$299,000
1736 Federal Street, Philadelphia, PA 19146
Occupied duplex with a fenced backyard and full basement storage.
Property Size1,188 SF
Price / SF$251.68
Days on Market227
Property Features for 1736 Federal Street
General Information
Standard status
Active
Size
1,188 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RSA5
Occupancy
100%
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,028
Amenities
fenced-in backyard
basement
No
No Pool
Above Grade, Below Grade
Building Details
Year Built
1923
Buildings
1
Listing Agency:
KW Empower
Listed By:
Martin D Williams · License #RS327428
(215) 806-6056
Source:
Compass
Added: Jan 23
Changed: Aug 31
Last Checked: Aug 29 at 3:44PM
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 KW Empower
Investment Insights
Based on property information with market context.
Built in 1923, this 1,188-square-foot duplex contains two one-bedroom residential units. The first-floor residence has direct access to a large fenced backyard, while the full basement provides additional storage. Both units are currently rented, offering an existing income-producing configuration.
The property is located at 1736 Federal Street in Philadelphia’s 19146 area, within walking distance of Sprouts Farmers Market, Target, South Street, American Sardine Bar, and Hannah K Cafe. RSA5 zoning is identified for the property, and the school district is Philadelphia City School District.
The property is located at 1736 Federal Street in Philadelphia’s 19146 area, within walking distance of Sprouts Farmers Market, Target, South Street, American Sardine Bar, and Hannah K Cafe. RSA5 zoning is identified for the property, and the school district is Philadelphia City School District.
Key Highlights
- Two one‑bedroom units in a duplex configuration
- Both units are currently rented
- First‑floor unit has direct access to a large fenced backyard
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
$20,273
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
6.78%
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%
$405,460
$405.5K
Cap Rate 7%
$289,614
$289.6K
Cap Rate 9%
$225,256
$225.3K
Market Conditions
NOI Build-Up for 1,188 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
$30.7K $25.80/SF
− Vacancy
−$1.7K −$1.42/SF
EGI
$29.0K $24.38/SF
− OpEx
−$8.7K −$7.31/SF
NOI
$20.3K $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%
$405,460
Cap Rate 7%
$289,614
Cap Rate 9%
$225,256
Alternative Uses
Best Use
Multifamily LT 5
$289.6K
$253.4K – $337.9K
NOI $20,273 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$267.0K
$233.6K – $311.5K
NOI $18,687 @ 7.0% cap · market cap 6.25%
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
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,572
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
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 - Occupied duplex with a fenced backyard and full basement storage.
Where is this duplex located?
The property is located at 1736 Federal Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two one‑bedroom units in a duplex configuration; Both units are currently rented; First‑floor unit has direct access to a large fenced backyard
