Duplex Investment
For Sale
$365,000
2120 ORTHODOX STREET, Philadelphia, PA 19124
Two-unit configuration supports owner occupancy, rental use, or a combination of both.
Property Size2,318 SF
Price / SF$157.46
Days on Market58
Property Features for 2120 ORTHODOX STREET
General Information
Standard status
Active
Size
2,318 SF
Property subtype
Duplex
Site & Location
Neighborhood
Kensington
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1940
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
David Snyder · License #RS223144L
(215) 360-3236
Source:
Cummingsrealtors
Added: Sep 4
Changed: Oct 29
Last Checked: Oct 30 at 4:18PM
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 KW Empower
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Investment Insights
Based on property information with market context.
Located at 2120-22 Orthodox Street in Philadelphia, this duplex contains two residential units and was built in 1940. The property has been maintained and offers a usable foundation without the need for a major renovation project.
The layout supports several ownership approaches, including occupying one unit while leasing the other or renting both units. Public transportation, major roadways, shopping, and dining are accessible from the property, with the address situated in Philadelphia, PA 19124.
The layout supports several ownership approaches, including occupying one unit while leasing the other or renting both units. Public transportation, major roadways, shopping, and dining are accessible from the property, with the address situated in Philadelphia, PA 19124.
Key Highlights
- Two‑unit duplex configuration
- Built in 1940
- Owner‑occupancy and rental‑use options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,869
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,380
$597.4K
Cap Rate 7%
$426,700
$426.7K
Cap Rate 9%
$331,878
$331.9K
Market Conditions
NOI Build-Up for 2,318 SF
Gross rent
$45.9K $19.80/SF
− Vacancy
−$3.2K −$1.39/SF
EGI
$42.7K $18.41/SF
− OpEx
−$12.8K −$5.52/SF
NOI
$29.9K $12.89/SF
Area
ZIP 19124
Vacancy
7.03%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$597,380
Cap Rate 7%
$426,700
Cap Rate 9%
$331,878
Alternative Uses
Best Use
Multifamily LT 5
$426.7K
$373.4K – $497.8K
NOI $29,869 @ 7.0% cap · market cap 8.18%
Second Best
Apartment 5plus
$392.6K
$343.5K – $458.1K
NOI $27,483 @ 7.0% cap · market cap 7.53%
Theoretical Best
Specialty Retail
$1.33M
$1.17M – $1.56M
NOI $93,334 @ 7.0% cap · market cap 25.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,442
Businesses Nearby
Explore this area
Business Placement
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit configuration supports owner occupancy, rental use, or a combination of both.
Where is this duplex located?
The property is located at 2120 ORTHODOX STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Built in 1940; Owner‑occupancy and rental‑use options
