Modernized Duplex with Private
For Sale
$425,000
Pending
1831 Point Breeze Avenue, Philadelphia, PA 19145
Two well-appointed residential units with updated systems, flexible living areas, and outdoor space in Philadelphia’s Point Breeze neighborhood.
Property Size1,630 SF
Days on Market297
Property Features for 1831 Point Breeze Avenue
General Information
Standard status
Pending
Size
1,630 SF
Property subtype
Multi-Family / Fee Simple
Zoning
CMX2
Taxes and HOA fees
Annual Taxes
$4,692
Amenities
No
No Pool
Above Grade, Below Grade
Building Details
Year Built
1920
Listing Agency:
Keller Williams Real Estate-Blue Bell
(484) 431-0611
Listed By:
Ronan Higgins · License #RS366246
(484) 431-0611
Source:
Compass
Added: Nov 9, 2025
Changed: Aug 30
Last Checked: Aug 31 at 9:52PM
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-Blue Bell
Investment Insights
Based on property information with market context.
This 1,630-square-foot duplex at 1831 Point Breeze Avenue contains two residential units with separate, practical layouts. The first-floor residence offers two bedrooms, one-and-a-half bathrooms, an open living area, a granite kitchen, a finished basement with a powder room, and access to a private backyard. Upstairs, the second unit includes two bedrooms, one full bathroom, and a large eat-in kitchen with granite countertops and stainless-steel appliances.
The property was professionally updated in 2020 and repainted in September 2025. Both units feature high ceilings, engineered hardwood flooring, central air, newer windows, and updated heating, cooling, plumbing, and electrical systems. The CMX2-zoned property was built in 1920 and has five years remaining on a 10-year partial tax abatement.
Located in Philadelphia’s Point Breeze area, the property is near parks, schools, restaurants, murals, and local shops, with access to Center City and University City. The duplex configuration supports investor ownership, owner occupancy, or multi-generational living.
The property was professionally updated in 2020 and repainted in September 2025. Both units feature high ceilings, engineered hardwood flooring, central air, newer windows, and updated heating, cooling, plumbing, and electrical systems. The CMX2-zoned property was built in 1920 and has five years remaining on a 10-year partial tax abatement.
Located in Philadelphia’s Point Breeze area, the property is near parks, schools, restaurants, murals, and local shops, with access to Center City and University City. The duplex configuration supports investor ownership, owner occupancy, or multi-generational living.
Key Highlights
- 1,630‑square‑foot duplex with two residential units
- First‑floor unit includes 2 bedrooms, 1.5 bathrooms, finished basement, and private backyard
- Second‑floor unit offers 2 bedrooms, 1 full bathroom, and an eat‑in kitchen
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
$27,816
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
6.54%
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%
$556,320
$556.3K
Cap Rate 7%
$397,371
$397.4K
Cap Rate 9%
$309,067
$309.1K
Market Conditions
NOI Build-Up for 1,630 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
$42.1K $25.80/SF
− Vacancy
−$2.3K −$1.42/SF
EGI
$39.7K $24.38/SF
− OpEx
−$11.9K −$7.31/SF
NOI
$27.8K $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%
$556,320
Cap Rate 7%
$397,371
Cap Rate 9%
$309,067
Alternative Uses
Best Use
Multifamily LT 5
$397.4K
$347.7K – $463.6K
NOI $27,816 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$366.3K
$320.5K – $427.3K
NOI $25,639 @ 7.0% cap · market cap 6.03%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,639
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 - Two well-appointed residential units with updated systems, flexible living areas, and outdoor space in Philadelphia’s Point Breeze neighborhood.
Where is this duplex located?
The property is located at 1831 Point Breeze Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,630‑square‑foot duplex with two residential units; First‑floor unit includes 2 bedrooms, 1.5 bathrooms, finished basement, and private backyard; Second‑floor unit offers 2 bedrooms, 1 full bathroom, and an eat‑in kitchen
