New Construction Corner
For Sale
$569,000
214 West Cumberland Street, Philadelphia, PA 19133
Two bilevel residences offer private entries, outdoor areas, contemporary finishes, and distinct layouts within a newly built property.
Property Size2,550 SF
Price / SF$223.14
Days on Market195
Property Features for 214 West Cumberland Street
General Information
Standard status
Active
Size
2,550 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RM1
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$989
Amenities
roof deck
rear yard
laundry
No
No Pool
Above Grade, Below Grade
Building Details
Year Built
2026
Buildings
1
Construction
brick
Listing Agency:
KW Empower
(215) 279-0226
Listed By:
Eric R Fargnoli · License #RS317968
(215) 279-0226
Source:
Compass
Added: Feb 17
Changed: Aug 30
Last Checked: Aug 30 at 11:53AM
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
Investment Insights
Based on property information with market context.
Completed in 2026, this 2,550-square-foot duplex contains two bilevel residences, each with 2 bedrooms and 2 bathrooms. Separate entrances and private outdoor areas serve the units, while the corner setting is complemented by red brick and dark blue facade paneling. The property is zoned RM1 and includes a 10-year tax abatement.
The upper residence features a central kitchen with an island, marble backsplash, large living room, powder room, two bedrooms, two bathrooms, a laundry closet, and a composite-deck roof deck over a commercial TPO roof. The lower residence includes a spacious living area with a sliding-door connection to the rear yard, a kitchen with bar seating and a waterfall-edge countertop, stainless steel appliances, two bedrooms, two bathrooms, and a laundry closet. Both units include oak LVP flooring and contemporary kitchen and bath finishes.
The upper residence features a central kitchen with an island, marble backsplash, large living room, powder room, two bedrooms, two bathrooms, a laundry closet, and a composite-deck roof deck over a commercial TPO roof. The lower residence includes a spacious living area with a sliding-door connection to the rear yard, a kitchen with bar seating and a waterfall-edge countertop, stainless steel appliances, two bedrooms, two bathrooms, and a laundry closet. Both units include oak LVP flooring and contemporary kitchen and bath finishes.
Key Highlights
- 2,550 SF corner duplex completed in 2026
- Two bilevel 2bd/2ba units with separate entrances
- Private outdoor areas include a roof deck and rear yard
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
$43,515
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
7.65%
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%
$870,300
$870.3K
Cap Rate 7%
$621,643
$621.6K
Cap Rate 9%
$483,500
$483.5K
Market Conditions
NOI Build-Up for 2,550 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
$65.8K $25.80/SF
− Vacancy
−$3.6K −$1.42/SF
EGI
$62.2K $24.38/SF
− OpEx
−$18.6K −$7.31/SF
NOI
$43.5K $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%
$870,300
Cap Rate 7%
$621,643
Cap Rate 9%
$483,500
Alternative Uses
Best Use
Multifamily LT 5
$621.6K
$543.9K – $725.3K
NOI $43,515 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$573.0K
$501.4K – $668.5K
NOI $40,110 @ 7.0% cap · market cap 7.05%
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
2,397
Businesses Nearby
Explore this area
Business Placement
Demographics for 19133, PA
24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two bilevel residences offer private entries, outdoor areas, contemporary finishes, and distinct layouts within a newly built property.
Where is this duplex located?
The property is located at 214 West Cumberland Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 2,550 SF corner duplex completed in 2026; Two bilevel 2bd/2ba units with separate entrances; Private outdoor areas include a roof deck and rear yard
