Tenant-Occupied
For Sale
Under Contract
$215,000
1979 73RD Avenue, Philadelphia, PA 19138
Multi-Family, PHILADELPHIA, PA
Property Size1,092 SF
Lot Size0.02 Acres
Price / SF$196.89
Days on Market874
Property Features for 1979 73RD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street, Alley
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Special listing conditions
Short Sale
Standard status
Active Under Contract
Size
1,092 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
1482
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1946
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Century 21 Advantage Gold-Elkins Park · Century 21 Real Estate
(215) 887-4653
Listed By:
Bruce A Randolph · License #RS315898
(215) 779-6516
Added: Jun 3, 2024
Changed: Oct 20
Last Checked: Oct 24 at 4:06PM
MLS# PAPH2361716
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,092-square-foot duplex has occupied residences on its first and second floors. The first-floor tenancy is under a Section 8 lease. The property is being sold as-is, with no repairs planned by the seller.
Masonry construction, forced-air heating, and window-unit cooling serve the building. A basement room is also listed, and parking options include the street and alley.
Masonry construction, forced-air heating, and window-unit cooling serve the building. A basement room is also listed, and parking options include the street and alley.
Key Highlights
- 1,092‑square‑foot duplex with occupied first- and second‑floor residences
- First‑floor tenant holds a Section 8 lease
- Masonry construction
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,002
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both floor-level residences are occupied, with the first-floor lease supported by Section 8.
Where is this duplex located?
The property is located at 1979 73RD Avenue 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 occupied first- and second‑floor residences; First‑floor tenant holds a Section 8 lease; Masonry construction
