Contemporary Bi-Level
New
For Sale
$599,900
2110 N 7TH Street, Philadelphia, PA 19122
Multi-Family, PHILADELPHIA, PA
Property Size3,200 SF
Lot Size0.02 Acres
Price / SF$187.47
Days on Market3
Property Features for 2110 N 7TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Interior features
Bathroom - Tub Shower, Bathroom - Walk-In Shower, Combination Kitchen/Living, Floor Plan - Open, Recessed Lighting, Walk-in Closet(s), Wet/Dry Bar, Wine Storage
Appliances
Dishwasher, Disposal, Dryer, Refrigerator, Stainless Steel Appliances, Oven/Range - Electric, Washer, WaterHeater
Subdivision
PHILADELPHIA
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
3,200 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
10554
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
hardwood floors
central air conditioning
stainless steel appliances
dishwasher
disposal
in-unit washer/dryer
wet bar with wine storage
private backyard
natural gas heat
gas hot water
roof deck
deck
Building Details
Year built
2019
Number of units
2
Building materials
Aluminum Siding, Brick
Architectural style
Contemporary
Additional Structures
Storage
Listing Agency:
Opus Elite Real Estate
(215) 395-6277
Listed By:
Alisia Snyder · License #RS334010
(267) 269-3973
Added: Sep 12
Changed: Sep 13
Last Checked: Sep 14 at 4:06AM
MLS# PAPH2668902
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.
Built in 2019, this contemporary duplex contains two separate bi-level residences totaling 3,200 square feet. Each unit offers three bedrooms and three full bathrooms, an open kitchen and living arrangement, hardwood flooring, high ceilings, and a bedroom with full bath on the main level. Lower levels add two bedrooms, two bathrooms, walk-in closets, heated interior space, wet bars with wine storage, and in-unit laundry. Kitchens feature center islands, stainless steel appliances, dishwashers, and disposals.
The property includes central air, natural gas heat, gas hot water, public water and sewer, brick and aluminum siding, and on-street parking. Outdoor features include a roof deck for the upper residence, along with a deck and enclosed brick outdoor area serving the lower unit. The building is fully vacant and located at 2110 N 7th Street in Philadelphia's 19122 area, near Temple University, Center City, and Fishtown.
The property includes central air, natural gas heat, gas hot water, public water and sewer, brick and aluminum siding, and on-street parking. Outdoor features include a roof deck for the upper residence, along with a deck and enclosed brick outdoor area serving the lower unit. The building is fully vacant and located at 2110 N 7th Street in Philadelphia's 19122 area, near Temple University, Center City, and Fishtown.
Key Highlights
- 2019‑built duplex with two separate bi‑level units
- 3,200 square feet on a 0.0249‑acre lot
- Each unit has 3 bedrooms and 3 full bathrooms
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
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,207
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 - Vacant two-unit property with private outdoor areas, modern kitchens, central air, and flexible lower-level space.
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: 2019‑built duplex with two separate bi‑level units; 3,200 square feet on a 0.0249‑acre lot; Each unit has 3 bedrooms and 3 full bathrooms
