Updated Two-Unit
New
For Sale
$615,000
1827 GINNODO STREET, Philadelphia, PA 19130
Philadelphia duplex with separate utilities, dedicated laundry, central air, and a private patio.
Property Size1,547 SF
Price / SF$397.54
Days on Market6
Property Features for 1827 GINNODO STREET
General Information
Standard status
Active
Size
1,547 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1.5BA
Multifamily Units
2
Amenities
laundry
central air
private rear patio
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Compass Pennsylvania, LLC
(610) 822-3356
Listed By:
Stephanie M MacDonald · License #RS293086
(610) 246-1048
Source:
Cummingsrealtors
Added: Sep 16
Changed: Sep 21
Last Checked: Sep 21 at 5:19AM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
This 1920-built duplex at 1827 Ginnodo Street contains two updated residences with separate utilities, two brand-new HVAC units, central air, and dedicated laundry. Exterior brickwork has been repointed, and both units are presented as move-in ready. The ground-floor residence offers 2 bedrooms and 1 bath, along with an open kitchen-to-living area, private rear patio, basement laundry, and additional storage. The second residence spans two floors and includes 3 bedrooms, 1.5 baths, an open living and kitchen arrangement, full-size in-unit laundry, and abundant natural light.
The property is in Philadelphia's Fairmount neighborhood, on a tree-lined street near museums, Fairmount Park, cafes, an organic grocery store, and local dining. It is within the Bache Martin school catchment and one block from St. Joe's Prep. Center City transit routes and major highways are accessible from the property.
The property is in Philadelphia's Fairmount neighborhood, on a tree-lined street near museums, Fairmount Park, cafes, an organic grocery store, and local dining. It is within the Bache Martin school catchment and one block from St. Joe's Prep. Center City transit routes and major highways are accessible from the property.
Key Highlights
- Two‑unit duplex built in 1920
- Unit 1: 2 bedrooms, 1 bath, private rear patio, basement laundry, and storage
- Unit 2: 3 bedrooms, 1.5 baths, two floors, and full‑size in‑unit laundry
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
$26,399
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
4.29%
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%
$527,980
$528.0K
Cap Rate 7%
$377,129
$377.1K
Cap Rate 9%
$293,322
$293.3K
Market Conditions
NOI Build-Up for 1,547 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
$39.9K $25.80/SF
− Vacancy
−$2.2K −$1.42/SF
EGI
$37.7K $24.38/SF
− OpEx
−$11.3K −$7.31/SF
NOI
$26.4K $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%
$527,980
Cap Rate 7%
$377,129
Cap Rate 9%
$293,322
Alternative Uses
Best Use
Multifamily LT 5
$377.1K
$330.0K – $440.0K
NOI $26,399 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$347.6K
$304.2K – $405.6K
NOI $24,334 @ 7.0% cap · market cap 3.96%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,556
Businesses Nearby
Explore this area
Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
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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 - Philadelphia duplex with separate utilities, dedicated laundry, central air, and a private patio.
Where is this duplex located?
The property is located at 1827 GINNODO STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1920; Unit 1: 2 bedrooms, 1 bath, private rear patio, basement laundry, and storage; Unit 2: 3 bedrooms, 1.5 baths, two floors, and full‑size in‑unit laundry
