Leased Duplex with 11
For Sale
$559,900
1839 N 17TH STREET, Philadelphia, PA 19121
Two separately leased units offer multi-level layouts, extensive bedroom capacity, and outdoor space near Temple University's Main Campus.
Property Size2,721 SF
Days on Market105
Property Features for 1839 N 17TH STREET
General Information
Standard status
Active
Size
2,721 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
Unit A: 6BR/2FB/2HB, Unit B: 5BR/2FB/1HB
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,203
Building Details
Building Size
2,721 SF
Year Built
2011
Buildings
1
Listing Agency:
EXP Realty, LLC
(610) 505-1517
Listed By:
Marcus Shellenberger · License #RS333936
(610) 505-1517
Source:
Lizclarkrealestate
Added: Apr 30
Changed: Aug 11
Last Checked: Aug 11 at 6:36AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This 2011-built duplex contains two leased residences with 11 bedrooms altogether. The first unit spans three levels and includes six bedrooms, two full bathrooms, two half bathrooms, a full-size basement, laundry and storage areas, recreational space, and a fenced rear yard. The second residence extends across two levels with five bedrooms, two full bathrooms, one half bathroom, and an oversized living room.
Both leases run through July 2027. The property is positioned two blocks from Temple University's Main Campus at 1839 N 17th Street in Philadelphia, placing the duplex within the university's off-campus housing area. Additional lease and financial details are available upon request.
Both leases run through July 2027. The property is positioned two blocks from Temple University's Main Campus at 1839 N 17th Street in Philadelphia, placing the duplex within the university's off-campus housing area. Additional lease and financial details are available upon request.
Key Highlights
- Two‑unit duplex with 11 total bedrooms
- Unit A includes 6 bedrooms, 2 full bathrooms, and 2 half bathrooms across three levels
- Unit B provides 5 bedrooms, 2 full bathrooms, and 1 half bathroom over two levels
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
$46,434
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
8.29%
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%
$928,680
$928.7K
Cap Rate 7%
$663,343
$663.3K
Cap Rate 9%
$515,933
$515.9K
Market Conditions
NOI Build-Up for 2,721 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
$70.2K $25.80/SF
− Vacancy
−$3.9K −$1.42/SF
EGI
$66.3K $24.38/SF
− OpEx
−$19.9K −$7.31/SF
NOI
$46.4K $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%
$928,680
Cap Rate 7%
$663,343
Cap Rate 9%
$515,933
Alternative Uses
Best Use
Multifamily LT 5
$663.3K
$580.4K – $773.9K
NOI $46,434 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$611.4K
$535.0K – $713.3K
NOI $42,800 @ 7.0% cap · market cap 7.64%
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
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 - Two separately leased units offer multi-level layouts, extensive bedroom capacity, and outdoor space near Temple University's Main Campus.
Where is this duplex located?
The property is located at 1839 N 17TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $559,900.
What are key features of this property?
This property features: Two‑unit duplex with 11 total bedrooms; Unit A includes 6 bedrooms, 2 full bathrooms, and 2 half bathrooms across three levels; Unit B provides 5 bedrooms, 2 full bathrooms, and 1 half bathroom over two levels
