Tenant-Occupied
For Sale
$215,000
Pending
1979 73RD AVE, Philadelphia, PA 19138
Two occupied units are offered in as-is condition with no seller repairs planned.
Property Size1,092 SF
Days on Market69
Property Features for 1979 73RD AVE
General Information
Standard status
Pending
Size
1,092 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Northwest Philadelphia
Additional Details
Gross Income
$25,200
Multifamily Units
2
Listing Agency:
Century 21 Advantage Gold-Elkins Park
(215) 887-4653
Listed By:
Bruce A Randolph · License #RS315898
(215) 779-6516
Source:
Cathyshometeam
Added: Aug 16
Changed: Oct 7
Last Checked: Oct 23 at 6:16AM
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 Century 21 Advantage Gold-Elkins Park
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Investment Insights
Based on property information with market context.
This 1,092-square-foot duplex contains one unit on the first floor and another on the second floor. Both units are currently occupied, providing an existing two-unit residential configuration. The first-floor tenancy includes a Section 8 lease, while the second-floor unit is also leased.
The property is being conveyed in its present condition, with the seller not undertaking repairs. Showings require an appointment with 24 hours’ notice, and the buyer’s agent must be present during the visit.
The property is being conveyed in its present condition, with the seller not undertaking repairs. Showings require an appointment with 24 hours’ notice, and the buyer’s agent must be present during the visit.
Key Highlights
- 1,092‑square‑foot duplex with first- and second‑floor units
- Both residential units are tenant occupied
- First‑floor unit has a Section 8 lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,635
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,700
$372.7K
Cap Rate 7%
$266,214
$266.2K
Cap Rate 9%
$207,056
$207.1K
Market Conditions
NOI Build-Up for 1,092 SF
Gross rent
$28.2K $25.80/SF
− Vacancy
−$1.6K −$1.42/SF
EGI
$26.6K $24.38/SF
− OpEx
−$8.0K −$7.31/SF
NOI
$18.6K $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 Rate 5%
$372,700
Cap Rate 7%
$266,214
Cap Rate 9%
$207,056
Alternative Uses
Best Use
Multifamily LT 5
$266.2K
$232.9K – $310.6K
NOI $18,635 @ 7.0% cap · market cap 8.67%
Second Best
Apartment 5plus
$245.4K
$214.7K – $286.3K
NOI $17,177 @ 7.0% cap · market cap 7.99%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,002
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units are offered in as-is condition with no seller repairs planned.
Where is this duplex located?
The property is located at 1979 73RD AVE Philadelphia, PA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 1,092‑square‑foot duplex with first- and second‑floor units; Both residential units are tenant occupied; First‑floor unit has a Section 8 lease
