For Sale
$467,888
1912 W BERKS STREET, Philadelphia, PA 19121
The two-unit property is currently occupied.
Property Size2,268 SF
Days on Market171
Property Features for 1912 W BERKS STREET
General Information
Standard status
Active
Size
2,268 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Philadelphia
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,931
Building Details
Building Size
2,268 SF
Year Built
1915
Listing Agency:
CG Realty, LLC
Listed By:
Steven Wynn · License #RS336683
(484) 222-3003
Source:
Patmckennarealtors
Added: May 15
Changed: Nov 1
Last Checked: Nov 1 at 9:27AM
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 CG Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1915, this occupied duplex is offered subject to third-party lender approval. The sale is as-is, and inspections are for informational purposes only. Buyers are responsible for obtaining required municipal certificates and inspections.
Key Highlights
- Duplex property built in 1915
- Currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,703
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,060
$774.1K
Cap Rate 7%
$552,900
$552.9K
Cap Rate 9%
$430,033
$430.0K
Market Conditions
NOI Build-Up for 2,268 SF
Gross rent
$58.5K $25.80/SF
− Vacancy
−$3.2K −$1.42/SF
EGI
$55.3K $24.38/SF
− OpEx
−$16.6K −$7.31/SF
NOI
$38.7K $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 Rate 5%
$774,060
Cap Rate 7%
$552,900
Cap Rate 9%
$430,033
Alternative Uses
Best Use
Multifamily LT 5
$552.9K
$483.8K – $645.1K
NOI $38,703 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$509.6K
$445.9K – $594.6K
NOI $35,675 @ 7.0% cap · market cap 7.62%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,980
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit property is currently occupied.
Where is this duplex located?
The property is located at 1912 W BERKS STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $467,888.
What are key features of this property?
This property features: Duplex property built in 1915; Currently occupied
