Brick Duplex with Separate
For Sale
Under Contract
$275,000
1954 PLYMOUTH Street, Philadelphia, PA 19138
Multi-Family, PHILADELPHIA, PA
Property Size1,183 SF
Lot Size0.03 Acres
Price / SF$232.46
Days on Market63
Property Features for 1954 PLYMOUTH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Appliances
Dishwasher, Washer, Dryer, Microwave, Refrigerator, Stove
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active Under Contract
Size
1,183 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
3676
Utilities
Heating system
Forced Air, Other (Heating)
Cooling system
Window Unit(s)
Amenities
in-unit laundry
Building Details
Year built
1925
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
Keller Williams Real Estate-Doylestown · Keller Williams Realty
(215) 340-5700
Listed By:
Stephanie Cortez · License #Rs376749
(215) 617-0425
Added: Jul 7
Changed: Sep 2
Last Checked: Sep 7 at 7:06AM
MLS# PAPH2643088
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1925, this 1,183-square-foot brick duplex contains two separately accessed residences: a two-bedroom unit and a one-bedroom unit. Each apartment has its own laundry area and separate utilities, while the property also includes a basement, forced-air heating, window-unit cooling, and a kitchen appliance package with a dishwasher, microwave, refrigerator, stove, washer, and dryer. Both units are vacant, giving the next owner flexibility to occupy one residence, lease both, or establish a new tenant mix.
The property is located at 1954 Plymouth Street in Philadelphia’s West Oak Lane section. Public transportation, shopping, restaurants, parks, schools, and major roadways are identified nearby. On-street parking is available, and the 0.0265-acre parcel provides the setting for this legally configured duplex.
The property is located at 1954 Plymouth Street in Philadelphia’s West Oak Lane section. Public transportation, shopping, restaurants, parks, schools, and major roadways are identified nearby. On-street parking is available, and the 0.0265-acre parcel provides the setting for this legally configured duplex.
Key Highlights
- Legally configured duplex with 2‑bedroom and 1‑bedroom units
- 1,183 square feet on a 0.0265‑acre parcel
- Both residences are vacant at closing
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
$20,188
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
7.34%
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%
$403,760
$403.8K
Cap Rate 7%
$288,400
$288.4K
Cap Rate 9%
$224,311
$224.3K
Market Conditions
NOI Build-Up for 1,183 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
$30.5K $25.80/SF
− Vacancy
−$1.7K −$1.42/SF
EGI
$28.8K $24.38/SF
− OpEx
−$8.7K −$7.31/SF
NOI
$20.2K $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%
$403,760
Cap Rate 7%
$288,400
Cap Rate 9%
$224,311
Alternative Uses
Best Use
Multifamily LT 5
$288.4K
$252.4K – $336.5K
NOI $20,188 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$265.8K
$232.6K – $310.1K
NOI $18,608 @ 7.0% cap · market cap 6.77%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,031
Businesses Nearby
Explore this area
Business Placement
Demographics for 19138, PA
31,816
Population
13,836
Households
2.3
Avg Household Size
39
Median Age
18%
College-Educated
89%
High-School Grad
1.8 sq mi
ZIP Area
17,676
Density / Sq Mi
$51,586
Median Household Income
$36,956
Median Earnings
$1,172
Median Rent
$167,300
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 - Vacant two-unit property with private access, individual utilities, and in-unit laundry for each residence.
Where is this duplex located?
The property is located at 1954 PLYMOUTH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Legally configured duplex with 2‑bedroom and 1‑bedroom units; 1,183 square feet on a 0.0265‑acre parcel; Both residences are vacant at closing
