Move-In-Ready Duplex with Private
For Sale
$329,900
203 ROBBINS STREET, Philadelphia, PA 19111
Two move-in-ready units each with one-bedroom layouts, including a finished lower level and private backyard.
Property Size1,846 SF
Price / SF$178.71
Days on Market24
Property Features for 203 ROBBINS STREET
General Information
Standard status
Active
Size
1,846 SF
Property subtype
Duplex
Building Details
Year Built
1950
Listing Agency:
Century 21 Veterans-Newtown
(267) 414-7057
Listed By:
John H Katein IV
(267) 414-7057
Source:
Cummingsrealtors
Added: Jul 20
Changed: Aug 12
Last Checked: Aug 12 at 7:04AM
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 Veterans-Newtown
Investment Insights
Based on property information with market context.
Move-in-ready duplex offering two one-bedroom, one-bath residences. The first-floor unit includes a spacious one-bedroom, one-bath layout with exclusive access to a fully finished lower level and an additional full bathroom, creating flexible interior space. The second-floor unit provides a one-bedroom floor plan with generous living space and a well-appointed kitchen.
The property also features large windows throughout and a private backyard. It is described as conveniently located near schools, public transportation, major roadways, parks, hospitals, and shopping.
Overall, the duplex is presented as a practical setup for an owner-occupant or investor looking for immediate occupancy, with rental income supported by having two separate units.
The property also features large windows throughout and a private backyard. It is described as conveniently located near schools, public transportation, major roadways, parks, hospitals, and shopping.
Overall, the duplex is presented as a practical setup for an owner-occupant or investor looking for immediate occupancy, with rental income supported by having two separate units.
Key Highlights
- Move‑in‑ready duplex in the Lawndale neighborhood with two separate one‑bedroom units
- First‑floor unit includes a fully finished lower level with an additional full bathroom for flexible use
- First‑floor unit provides exclusive access to the finished lower level with a second full bath
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
$24,785
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
7.51%
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%
$495,700
$495.7K
Cap Rate 7%
$354,071
$354.1K
Cap Rate 9%
$275,389
$275.4K
Market Conditions
NOI Build-Up for 1,846 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
$36.6K $19.80/SF
− Vacancy
−$1.1K −$0.62/SF
EGI
$35.4K $19.18/SF
− OpEx
−$10.6K −$5.75/SF
NOI
$24.8K $13.43/SF
Area
ZIP 19111
Vacancy
3.13%
Lease Rate
$19.80 /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%
$495,700
Cap Rate 7%
$354,071
Cap Rate 9%
$275,389
Alternative Uses
Best Use
Multifamily LT 5
$354.1K
$309.8K – $413.1K
NOI $24,785 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$326.5K
$285.7K – $380.9K
NOI $22,856 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$559.7K
$489.7K – $653.0K
NOI $39,178 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Explore this area
Business Placement
Demographics for 19111, PA
67,017
Population
27,518
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
13,962
Density / Sq Mi
$60,441
Median Household Income
$39,065
Median Earnings
$1,221
Median Rent
$244,000
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 move-in-ready units each with one-bedroom layouts, including a finished lower level and private backyard.
Where is this duplex located?
The property is located at 203 ROBBINS STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Move‑in‑ready duplex in the Lawndale neighborhood with two separate one‑bedroom units; First‑floor unit includes a fully finished lower level with an additional full bathroom for flexible use; First‑floor unit provides exclusive access to the finished lower level with a second full bath
