Two-Unit Duplex with CMX-2.5
New
For Sale
$680,000
2007 N FRONT STREET, Philadelphia, PA 19122
Two licensed residential units include a rear one-bedroom apartment and a bi-level three-bedroom apartment.
Property Size2,704 SF
Days on Market4
Property Features for 2007 N FRONT STREET
General Information
Standard status
Active
Size
2,704 SF
Property subtype
Duplex
Zoning
CMX-2.5
Units
Unit Mix
1 x 1BR, 1 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,210
Building Details
Building Size
2,704 SF
Year Built
1875
Listing Agency:
Quality Real Estate-Broad St
Listed By:
Celenia Martinez · License #RS331750
(267) 694-0246
Source:
Patmckennarealtors
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 10 at 2:35AM
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 Quality Real Estate-Broad St
Investment Insights
Based on property information with market context.
Built in 1875, this duplex contains two residential units with rental licenses. The rear apartment has one bedroom and access from Amber Street; a three-bedroom bi-level apartment occupies the second and third floors. The first-floor area may offer potential for another use, including a commercial component, subject to zoning, permits, approvals, and Certificate of Occupancy requirements. The property is zoned CMX-2.5 and is being sold as-is.
Documentation submitted to the City, along with permits, plans, approvals, rental licenses, and lead inspection materials, is available for buyer review. The buyer will be responsible for completing outstanding requirements and securing applicable City approvals and Certificate of Occupancy for the intended use.
Documentation submitted to the City, along with permits, plans, approvals, rental licenses, and lead inspection materials, is available for buyer review. The buyer will be responsible for completing outstanding requirements and securing applicable City approvals and Certificate of Occupancy for the intended use.
Key Highlights
- Two residential units have current rental licenses
- Rear one‑bedroom apartment has access from Amber Street
- Three‑bedroom bi‑level apartment spans the second and third floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,143
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$922,860
$922.9K
Cap Rate 7%
$659,186
$659.2K
Cap Rate 9%
$512,700
$512.7K
Market Conditions
NOI Build-Up for 2,704 SF
Gross rent
$69.8K $25.80/SF
− Vacancy
−$3.8K −$1.42/SF
EGI
$65.9K $24.38/SF
− OpEx
−$19.8K −$7.31/SF
NOI
$46.1K $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%
$922,860
Cap Rate 7%
$659,186
Cap Rate 9%
$512,700
Alternative Uses
Best Use
Multifamily LT 5
$659.2K
$576.8K – $769.1K
NOI $46,143 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$607.6K
$531.7K – $708.9K
NOI $42,533 @ 7.0% cap · market cap 6.25%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,944
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two licensed residential units include a rear one-bedroom apartment and a bi-level three-bedroom apartment.
Where is this duplex located?
The property is located at 2007 N FRONT STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Two residential units have current rental licenses; Rear one‑bedroom apartment has access from Amber Street; Three‑bedroom bi‑level apartment spans the second and third floors
