Twin Duplex with Rear
For Sale
$415,000
Pending
1914 Solly Avenue, Philadelphia, PA 19152
Two 2-bedroom units plus finished lower-level space, with rear off-street parking and individually paid utilities.
Property Size1,680 SF
Days on Market100
Property Features for 1914 Solly Avenue
General Information
Standard status
Pending
Size
1,680 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RSA3
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,459
Amenities
No
Formal/Separate Dining Room, Floor Plan - Traditional
No Pool
Building Details
Year Built
1960
Tenancy
Multi
Listing Agency:
Canaan Realty Investment Group
Listed By:
Phillyn Noeun · License #RS357549
(267) 269-6178
Source:
Compass
Added: Jun 2
Changed: Aug 8
Last Checked: Jul 24 at 2:35PM
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 Canaan Realty Investment Group
Investment Insights
Based on property information with market context.
This twin duplex includes two similar units, each offering two bedrooms and one bathroom with a spacious living room and kitchen. The finished lower level basement provides additional living space with two bedrooms and a full bathroom. Unit 2 is currently occupied, while Unit 1 is vacant and ready for a new tenant or owner-occupant. Tenants pay their own utilities, with water shared between Units 1 and 2. Rear off-street parking is available, and there are cameras on the property.
Located in the Rhawnhurst section of Northeast Philadelphia, the property sits in the 19152 ZIP code and is described as being just minutes from many stores. Unit 1 is available for showings, while Unit 2 requires advance notice. Per listing instructions, an agent must accompany buyers during showings.
For buyers seeking a straightforward duplex structure, the property offers two unit layouts and additional finished lower-level space that can support flexible occupancy planning. The combination of one vacant unit and one occupied unit may also appeal to owner-occupants or investors looking to bring Unit 1 to market while maintaining established rental income from Unit 2.
Located in the Rhawnhurst section of Northeast Philadelphia, the property sits in the 19152 ZIP code and is described as being just minutes from many stores. Unit 1 is available for showings, while Unit 2 requires advance notice. Per listing instructions, an agent must accompany buyers during showings.
For buyers seeking a straightforward duplex structure, the property offers two unit layouts and additional finished lower-level space that can support flexible occupancy planning. The combination of one vacant unit and one occupied unit may also appeal to owner-occupants or investors looking to bring Unit 1 to market while maintaining established rental income from Unit 2.
Key Highlights
- Twin duplex built in 1960 with two 2‑bedroom, 1‑bath units (Units 1 and 2 have similar layouts)
- Finished lower‑level basement adds extra living space with 2 bedrooms and a full bath
- Unit 2 is currently occupied; Unit 1 is vacant and ready for a new tenant or owner‑occupant
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
$28,669
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
6.91%
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%
$573,380
$573.4K
Cap Rate 7%
$409,557
$409.6K
Cap Rate 9%
$318,544
$318.5K
Market Conditions
NOI Build-Up for 1,680 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
$43.3K $25.80/SF
− Vacancy
−$2.4K −$1.42/SF
EGI
$41.0K $24.38/SF
− OpEx
−$12.3K −$7.31/SF
NOI
$28.7K $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 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%
$573,380
Cap Rate 7%
$409,557
Cap Rate 9%
$318,544
Alternative Uses
Best Use
Multifamily LT 5
$409.6K
$358.4K – $477.8K
NOI $28,669 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$377.5K
$330.3K – $440.4K
NOI $26,426 @ 7.0% cap · market cap 6.37%
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,352
Businesses Nearby
Explore this area
Business Placement
Demographics for 19152, PA
35,911
Population
13,715
Households
2.6
Avg Household Size
41
Median Age
28%
College-Educated
88%
High-School Grad
2.9 sq mi
ZIP Area
12,383
Density / Sq Mi
$57,966
Median Household Income
$40,428
Median Earnings
$1,236
Median Rent
$270,000
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 2-bedroom units plus finished lower-level space, with rear off-street parking and individually paid utilities.
Where is this duplex located?
The property is located at 1914 Solly Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Twin duplex built in 1960 with two 2‑bedroom, 1‑bath units (Units 1 and 2 have similar layouts); Finished lower‑level basement adds extra living space with 2 bedrooms and a full bath; Unit 2 is currently occupied; Unit 1 is vacant and ready for a new tenant or owner‑occupant
