Modern Bi-Level
New
For Sale
$599,900
2110 N 7TH STREET, Philadelphia, PA 19122
Two separate residences offer three-bedroom layouts, private outdoor areas, and in-unit laundry in a recently constructed property.
Property Size3,200 SF
Days on Market5
Property Features for 2110 N 7TH STREET
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$10,554
Building Details
Building Size
3,200 SF
Year Built
2019
Listing Agency:
Opus Elite Real Estate
Listed By:
Alisia Snyder · License #RS334010
(267) 269-3973
Source:
Lizclarkrealestate
Added: Sep 12
Changed: Sep 14
Last Checked: Sep 15 at 10:34AM
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 Opus Elite Real Estate
Investment Insights
Based on property information with market context.
Built in 2019, this duplex contains two fully separate bi-level residences. Each unit has 3 bedrooms, 3 full bathrooms, an open kitchen and living arrangement, high ceilings, and hardwood flooring. Kitchens include center islands, stainless steel appliances, dishwashers, and disposals. Additional features include wet bars with wine storage, walk-in closets, in-unit washers and dryers, private outdoor space, and a heated lower level with interior access. The upper residence also includes a roof deck, while the lower unit offers a deck and enclosed brick outdoor area.
The property has brick and aluminum siding, central air conditioning, natural gas heat, gas hot water, and public water and sewer. It is fully vacant and located at 2110 N 7th Street in Philadelphia’s 19122 corridor, minutes from Temple University, a short drive from Center City, and blocks from Fishtown.
The property has brick and aluminum siding, central air conditioning, natural gas heat, gas hot water, and public water and sewer. It is fully vacant and located at 2110 N 7th Street in Philadelphia’s 19122 corridor, minutes from Temple University, a short drive from Center City, and blocks from Fishtown.
Key Highlights
- Two fully separate bi‑level units, each with 3 bedrooms and 3 full bathrooms
- Built in 2019 with brick and aluminum siding
- Central air conditioning, natural gas heat, and gas hot water
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
$54,608
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
9.10%
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%
$1,092,160
$1.1M
Cap Rate 7%
$780,114
$780.1K
Cap Rate 9%
$606,756
$606.8K
Market Conditions
NOI Build-Up for 3,200 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
$82.6K $25.80/SF
− Vacancy
−$4.5K −$1.42/SF
EGI
$78.0K $24.38/SF
− OpEx
−$23.4K −$7.31/SF
NOI
$54.6K $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 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%
$1,092,160
Cap Rate 7%
$780,114
Cap Rate 9%
$606,756
Alternative Uses
Best Use
Multifamily LT 5
$780.1K
$682.6K – $910.1K
NOI $54,608 @ 7.0% cap · market cap 9.10%
Second Best
Apartment 5plus
$719.1K
$629.2K – $838.9K
NOI $50,334 @ 7.0% cap · market cap 8.39%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,450
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 separate residences offer three-bedroom layouts, private outdoor areas, and in-unit laundry in a recently constructed property.
Where is this duplex located?
The property is located at 2110 N 7TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two fully separate bi‑level units, each with 3 bedrooms and 3 full bathrooms; Built in 2019 with brick and aluminum siding; Central air conditioning, natural gas heat, and gas hot water
