Two-Unit Duplex with Private
New
For Sale
$379,900
1958 Goodnaw St, Philadelphia, PA 19115
Two residential units share basement laundry access and driveway or alley parking.
Property Size2,081 SF
Price / SF$182.56
Days on Market5
Property Features for 1958 Goodnaw St
General Information
Standard status
Active
Size
2,081 SF
Property subtype
Multi-Family
Property Condition
Severity
Major Repairs Needed
Evidence
In need of full rehab
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Amenities
shared basement/laundry access
Building Details
Year Built
1960
Listing Agency:
BHHS Fox & Roach-Jenkintown
Listed By:
Malkhaz Chania
(215) 887-0400
Source:
Viewmarylandhomesforsale
Added: Sep 2
Changed: Sep 5
Last Checked: Sep 5 at 5:31AM
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 BHHS Fox & Roach-Jenkintown
Investment Insights
Based on property information with market context.
Built in 1960, this duplex contains two separate residential units and requires a full rehabilitation. The first-floor unit includes two bedrooms, a living room, and an eat-in kitchen. The upper unit offers three bedrooms along with living and dining areas. Each residence has its own private entrance, while the property also provides shared basement and laundry access.
A private driveway and alley parking serve the property. The duplex is in Northeast Philadelphia, within walking distance of Roosevelt Boulevard and local shopping centers. Its two-unit layout, separate access, and existing parking provide a defined physical framework for renovation or continued residential use.
A private driveway and alley parking serve the property. The duplex is in Northeast Philadelphia, within walking distance of Roosevelt Boulevard and local shopping centers. Its two-unit layout, separate access, and existing parking provide a defined physical framework for renovation or continued residential use.
Key Highlights
- Two‑unit duplex built in 1960
- First‑floor unit with 2 bedrooms, living room, and eat‑in kitchen
- Upper unit with 3 bedrooms plus living and dining areas
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
$32,733
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
8.62%
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%
$654,660
$654.7K
Cap Rate 7%
$467,614
$467.6K
Cap Rate 9%
$363,700
$363.7K
Market Conditions
NOI Build-Up for 2,081 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
$63.2K $30.36/SF
− Vacancy
−$3.7K −$1.76/SF
EGI
$59.5K $28.60/SF
− OpEx
−$26.8K −$12.87/SF
NOI
$32.7K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$654,660
Cap Rate 7%
$467,614
Cap Rate 9%
$363,700
Alternative Uses
Best Use
Multifamily LT 5
$507.3K
$443.9K – $591.9K
NOI $35,512 @ 7.0% cap · market cap 9.35%
Second Best
Apartment 5plus
$467.6K
$409.2K – $545.6K
NOI $32,733 @ 7.0% cap · market cap 8.62%
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
1,697
Businesses Nearby
Explore this area
Business Placement
Demographics for 19115, PA
35,919
Population
15,071
Households
2.4
Avg Household Size
44
Median Age
37%
College-Educated
92%
High-School Grad
5.2 sq mi
ZIP Area
6,908
Density / Sq Mi
$70,388
Median Household Income
$48,949
Median Earnings
$1,230
Median Rent
$330,500
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 residential units share basement laundry access and driveway or alley parking.
Where is this duplex located?
The property is located at 1958 Goodnaw St Philadelphia, PA.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1960; First‑floor unit with 2 bedrooms, living room, and eat‑in kitchen; Upper unit with 3 bedrooms plus living and dining areas
