Renovated Duplex with Private
For Sale
Contact for pricing
1920 W Berks St, Philadelphia, PA 19121
Two separate apartments provide flexible options for an owner-occupant or rental-focused buyer.
Property Size2,430 SF
Price / SF$195.47
Days on Market194
Property Features for 1920 W Berks St
General Information
Standard status
Active
Size
2,430 SF
Property subtype
Multifamily
Zoning
RSA5
Units
Unit Mix
1 x 3BR/2BA, 1 x 4BR/3BA
Multifamily Units
2
Building Details
Year Built
1915
Units
2
Listing Agency:
Keller Williams Empower
(215) 431-5431
Listed By:
Stacy Sanseverino · License #RS281613
Source:
Crexi
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 4:42PM
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 Empower
Investment Insights
Based on property information with market context.
This renovated duplex contains 2,430 square feet across two apartments and was built in 1915. The first residence spans two levels with three bedrooms and two full bathrooms, combining living space, a kitchen, and one bedroom on the main floor with two additional bedrooms and a bath below. It also has exclusive access to a private rear yard. The second apartment includes four bedrooms and three full bathrooms, with generous bedroom areas and multiple baths. One unit is vacant, while the other is occupied.
The property is positioned on a corner near Temple University and within the university’s rental corridor. RSA5 zoning applies, and the address is 1920 W Berks St, Philadelphia, PA 19121. Completed updates, the two-unit configuration, and the combination of vacant and occupied apartments provide a clear range of ownership and leasing options.
The property is positioned on a corner near Temple University and within the university’s rental corridor. RSA5 zoning applies, and the address is 1920 W Berks St, Philadelphia, PA 19121. Completed updates, the two-unit configuration, and the combination of vacant and occupied apartments provide a clear range of ownership and leasing options.
Key Highlights
- 2,430 SF renovated duplex built in 1915
- Two apartments with 3‑bedroom and 4‑bedroom layouts
- Unit 1 includes 2 full bathrooms and a private rear yard
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
$41,468
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
8.73%
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%
$829,360
$829.4K
Cap Rate 7%
$592,400
$592.4K
Cap Rate 9%
$460,756
$460.8K
Market Conditions
NOI Build-Up for 2,430 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
$62.7K $25.80/SF
− Vacancy
−$3.5K −$1.42/SF
EGI
$59.2K $24.38/SF
− OpEx
−$17.8K −$7.31/SF
NOI
$41.5K $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%
$829,360
Cap Rate 7%
$592,400
Cap Rate 9%
$460,756
Alternative Uses
Best Use
Multifamily LT 5
$592.4K
$518.4K – $691.1K
NOI $41,468 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$546.0K
$477.8K – $637.1K
NOI $38,223 @ 7.0% cap · market cap 8.05%
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
1,980
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 separate apartments provide flexible options for an owner-occupant or rental-focused buyer.
Where is this duplex located?
The property is located at 1920 W Berks St Philadelphia, PA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2,430 SF renovated duplex built in 1915; Two apartments with 3‑bedroom and 4‑bedroom layouts; Unit 1 includes 2 full bathrooms and a private rear yard
