Three-Building Duplex
New
For Sale
$495,000
1807 W BERKS STREET, Philadelphia, PA 19121
Bi-level units offer central air, updated kitchens, generous outdoor areas, and oversized bedrooms near Temple University.
Property Size2,600 SF
Days on Market3
Property Features for 1807 W BERKS STREET
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Duplex
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$6,719
Amenities
central air
modern kitchen
large outdoor space
oversized bedrooms
Building Details
Building Size
2,600 SF
Year Built
2012
Buildings
3
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(484) 363-3657
Listed By:
Karl J Klotzbach · License #RS311630
(484) 363-3657
Source:
Lizclarkrealestate
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 3 at 6:04AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This duplex portfolio comprises three buildings completed in 2012. Each structure contains two bi-level residences: one with 4 bedrooms and 2 bathrooms, and another with 4 bedrooms and 4 bathrooms. Property features include central air, modern kitchens, spacious outdoor areas, and oversized bedrooms. The residences have historically served the student rental market and are currently leased through July 2027.
The properties are within walking distance of Temple University and its campus amenities. Their repeated building design provides a consistent configuration across the portfolio, with two distinct residential layouts in each duplex.
The properties are within walking distance of Temple University and its campus amenities. Their repeated building design provides a consistent configuration across the portfolio, with two distinct residential layouts in each duplex.
Key Highlights
- Three duplex buildings constructed in 2012
- Each building includes one 4‑bedroom, 2‑bath unit and one 4‑bedroom, 4‑bath unit
- Bi‑level residential layouts throughout the portfolio
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 | $67.1k | $25.80 |
| − Vacancy | −$3.7k | −$1.42 |
| EGI | $63.4k | $24.38 |
| − OpEx | −$19.0k | −$7.31 |
| NOI | $44.4k | $17.06 |
2,600 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$633.8K
$554.6K – $739.5K
NOI $44,369 @ 7.0% cap · market cap 8.96%
Second Best
Apartment 5plus
$584.2K
$511.2K – $681.6K
NOI $40,897 @ 7.0% cap · market cap 8.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,065
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
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 - Bi-level units offer central air, updated kitchens, generous outdoor areas, and oversized bedrooms near Temple University.
Where is this duplex located?
The property is located at 1807 W BERKS STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Three duplex buildings constructed in 2012; Each building includes one 4‑bedroom, 2‑bath unit and one 4‑bedroom, 4‑bath unit; Bi‑level residential layouts throughout the portfolio
