Two-Unit Brick
New
For Sale
$178,000
203 Widener Street, Philadelphia, PA 19120
Residential Income, Philadelphia, PA
Property Size1,525 SF
Lot Size0.02 Acres
Price / SF$116.72
Days on Market5
Property Features for 203 Widener Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RSA5
Zoning description
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Basement
Patio and Porch features
Porch
Interior features
Laminate Counters, Ceiling Fan(s), Storage
Basement
Full
Appliances
Electric Range, Refrigerator, Water Heater, Vented Exhaust Fan, Washer/Dryer Stacked
Lot features
Level, Cleared
Elementary school district
Philadelphia City
Middle school district
Philadelphia City
High school district
Philadelphia City
Subdivision
Philadelphia City
Standard status
Active
APN
612129600
Size
1,525 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
2617
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1938
Floors in Building
2
Number of units
2
Flooring type
Tile, Carpet
Building materials
Brick, Vinyl Siding
Roof type
Flat
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Redstone Run Realty, LLC - Stroudsburg
Listed By:
Vinay Hinduja
(570) 390-4646
Added: Sep 18
Last Checked: Sep 22 at 3:06PM
MLS# PM-144879
Copyright © 2026 Pocono Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 203 Widener Street in Philadelphia, this 1,525-square-foot duplex contains two separate residential units. Each unit includes 2 bedrooms, 1 full bathroom, a kitchen, and living space, creating a total of 4 bedrooms and 2 bathrooms. Interior features include laminate counters, storage, ceiling fans, tile and carpet flooring, and stacked washer and dryer appliances. Both units offer room for cosmetic updates and finish modernization.
Built in 1938, the property occupies a 0.02-acre lot and includes a porch, basement, flat roof, and a combination of brick and vinyl siding. Electric baseboard heating serves the building, while public water and public sewer are in place. The property is identified with RSA5 zoning and is located in Philadelphia, PA 19120.
Built in 1938, the property occupies a 0.02-acre lot and includes a porch, basement, flat roof, and a combination of brick and vinyl siding. Electric baseboard heating serves the building, while public water and public sewer are in place. The property is identified with RSA5 zoning and is located in Philadelphia, PA 19120.
Key Highlights
- Two residential units, each with 2 bedrooms, 1 full bathroom, kitchen, and living space
- 1,525 square feet with 4 total bedrooms and 2 bathrooms
- 0.02‑acre lot with porch and basement
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
$14,694
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
8.26%
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%
$293,880
$293.9K
Cap Rate 7%
$209,914
$209.9K
Cap Rate 9%
$163,267
$163.3K
Market Conditions
NOI Build-Up for 1,525 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
$28.9K $18.96/SF
− Vacancy
−$2.2K −$1.44/SF
EGI
$26.7K $17.52/SF
− OpEx
−$12.0K −$7.88/SF
NOI
$14.7K $9.64/SF
Area
ZIP 19120
Vacancy
7.60%
Lease Rate
$18.96 /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%
$293,880
Cap Rate 7%
$209,914
Cap Rate 9%
$163,267
Alternative Uses
Best Use
Multifamily LT 5
$236.0K
$206.5K – $275.3K
NOI $16,520 @ 7.0% cap · market cap 9.28%
Second Best
Apartment 5plus
$209.9K
$183.7K – $244.9K
NOI $14,694 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$364.3K
$318.8K – $425.0K
NOI $25,500 @ 7.0% cap · market cap 14.33%
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
1,238
Businesses Nearby
Explore this area
Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
Median Home Value
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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 - Philadelphia duplex with two separate layouts, individual kitchens, living areas, and porch access.
Where is this duplex located?
The property is located at 203 Widener Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $178,000.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms, 1 full bathroom, kitchen, and living space; 1,525 square feet with 4 total bedrooms and 2 bathrooms; 0.02‑acre lot with porch and basement
