Two-Unit Duplex with
For Sale
$260,000
1916 INGERSOLL STREET, Philadelphia, PA 19121
Two-unit residential property with a partially finished basement.
Property Size1,124 SF
Lot Size0.01 Acres
Price / SF$231.32
Days on Market45
Property Features for 1916 INGERSOLL STREET
General Information
Standard status
Active
Size
1,124 SF
Lot size
0.01 Acres
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
partially finished basement
Building Details
Year Built
1925
Listing Agency:
RealHome Services and Solutions, Inc.
(770) 933-6678
Listed By:
Sherry M Price · License #654814
(770) 612-7322
Source:
Cummingsrealtors
Added: Jul 23
Changed: Sep 4
Last Checked: Sep 5 at 6:29AM
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 RealHome Services and Solutions, Inc.
Investment Insights
Based on property information with market context.
Constructed in 1925, this Philadelphia duplex contains two residential units with approximately 1124 finished square feet in total. The property includes two bedrooms and two full bathrooms, along with a partially finished basement that adds usable interior space.
The building occupies an approximate 476 sqft lot at 1916 Ingersoll Street in Philadelphia, Pennsylvania. Its two-unit configuration and existing basement provide the defining physical features of this residential income property.
The building occupies an approximate 476 sqft lot at 1916 Ingersoll Street in Philadelphia, Pennsylvania. Its two-unit configuration and existing basement provide the defining physical features of this residential income property.
Key Highlights
- Two‑unit duplex configuration
- Approximately 1124 finished square feet
- Two bedrooms and two full baths total
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
$19,181
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
7.38%
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%
$383,620
$383.6K
Cap Rate 7%
$274,014
$274.0K
Cap Rate 9%
$213,122
$213.1K
Market Conditions
NOI Build-Up for 1,124 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
$29.0K $25.80/SF
− Vacancy
−$1.6K −$1.42/SF
EGI
$27.4K $24.38/SF
− OpEx
−$8.2K −$7.31/SF
NOI
$19.2K $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%
$383,620
Cap Rate 7%
$274,014
Cap Rate 9%
$213,122
Alternative Uses
Best Use
Multifamily LT 5
$274.0K
$239.8K – $319.7K
NOI $19,181 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$252.6K
$221.0K – $294.7K
NOI $17,680 @ 7.0% cap · market cap 6.80%
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
Location Intelligence
Trade Area within ½ mile
2,512
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-unit residential property with a partially finished basement.
Where is this duplex located?
The property is located at 1916 INGERSOLL STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Approximately 1124 finished square feet; Two bedrooms and two full baths total
