Brick Duplex with Central
For Sale
$525,000
2053 E WILLIAM Street, Philadelphia, PA 19134
MULTI_FAMILY - Contemporary - PHILADELPHIA, PA
Property Size2,950 SF
Lot Size0.02 Acres
Price / SF$177.97
Days on Market47
Property Features for 2053 E WILLIAM Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Subdivision
PORT RICHMOND
Middle school
JOHN PAUL JONES
High school
KENSINGTON
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,950 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
628
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
private rear yard
private balcony
private roof deck
in-unit laundry
stainless steel appliances
designer lighting
Building Details
Year built
2026
Number of units
2
Building materials
Brick
Architectural style
Contemporary
Listing Agency:
Elfant Wissahickon-Rittenhouse Square
(215) 893-9920
Listed By:
Shauli David · License #RS313122
(215) 605-0917
Added: Jun 29
Changed: Aug 13
Last Checked: Aug 14 at 3:06PM
MLS# PAPH2642494
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.
Investment Insights
Based on property information with market context.
New construction duplex currently under construction, built with brick and planned with forced-air heating and central air. The property is set up with separate utilities and a contemporary interior finish package. Unit A is a bi-level layout with an open-concept living and dining area, a modern kitchen with stainless steel appliances, a full bath, and sliding doors to a private rear yard. The lower level includes two bedrooms, each with its own en-suite bathroom, plus in-unit laundry.
Unit B is designed as a multi-level layout with an open-concept kitchen and living/dining area, stainless steel appliances, and designer lighting. It includes a private balcony off the living space, upper-level bedrooms and full bathrooms, in-unit laundry, and access to a private roof deck. The development is described as an exclusive three-building project, with this duplex represented as the final available unit.
The home is listed on a 0.0244-acre lot and has an overall property size of 2,950 SF. Year built is 2026, and the remarks indicate delivery move-in ready with a full 10-year tax abatement.
Unit B is designed as a multi-level layout with an open-concept kitchen and living/dining area, stainless steel appliances, and designer lighting. It includes a private balcony off the living space, upper-level bedrooms and full bathrooms, in-unit laundry, and access to a private roof deck. The development is described as an exclusive three-building project, with this duplex represented as the final available unit.
The home is listed on a 0.0244-acre lot and has an overall property size of 2,950 SF. Year built is 2026, and the remarks indicate delivery move-in ready with a full 10-year tax abatement.
Key Highlights
- Under construction brick duplex planned for 2026 delivery
- Central air and forced‑air heating
- 0.0244‑acre lot and 2,950 SF property size
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
$46,402
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
8.84%
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%
$928,040
$928.0K
Cap Rate 7%
$662,886
$662.9K
Cap Rate 9%
$515,578
$515.6K
Market Conditions
NOI Build-Up for 2,950 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
$89.6K $30.36/SF
− Vacancy
−$5.2K −$1.76/SF
EGI
$84.4K $28.60/SF
− OpEx
−$38.0K −$12.87/SF
NOI
$46.4K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /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%
$928,040
Cap Rate 7%
$662,886
Cap Rate 9%
$515,578
Alternative Uses
Best Use
Multifamily LT 5
$719.2K
$629.3K – $839.0K
NOI $50,341 @ 7.0% cap · market cap 9.59%
Second Best
Apartment 5plus
$662.9K
$580.0K – $773.4K
NOI $46,402 @ 7.0% cap · market cap 8.84%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,142
Businesses Nearby
Explore this area
Business Placement
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Under-construction duplex with central air, forced-air heating, and two private outdoor areas.
Where is this duplex located?
The property is located at 2053 E WILLIAM Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Under construction brick duplex planned for 2026 delivery; Central air and forced‑air heating; 0.0244‑acre lot and 2,950 SF property size
