Two-Unit Duplex with Private
For Sale
$475,000
2261 STRAHLE STREET, Philadelphia, PA 19152
Well-maintained duplex with two units, each with a private entrance, plus shared laundry and rear access to a two-car driveway.
Property Size2,460 SF
Price / SF$193.09
Days on Market28
Property Features for 2261 STRAHLE STREET
General Information
Standard status
Active
Size
2,460 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1956
Listing Agency:
Elite Realty Group Unl. Inc.
(215) 962-0880
Listed By:
Gene Fish · License #AB065992
(215) 962-0880
Source:
Cummingsrealtors
Added: Jul 17
Changed: Aug 12
Last Checked: Aug 12 at 6:54AM
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 Elite Realty Group Unl. Inc.
Investment Insights
Based on property information with market context.
This well-maintained duplex at 2261 Strahle Street features two separate units with private entrances. The first-floor unit offers single-level living with two bedrooms and no stairs, with an open-concept layout connecting the living and dining areas to an adjacent kitchen. The second-floor unit provides three bedrooms and two full bathrooms, offering additional space with a flexible layout.
Both units share a convenient laundry area and have access to a rear exit leading to a private two-car driveway. The property also backs to open space, adding privacy.
Separate utilities are already in place. The seller’s estimated monthly rental income is $1,600–$1,800 for the first-floor unit and $1,700–$2,000 for the second-floor unit.
Both units share a convenient laundry area and have access to a rear exit leading to a private two-car driveway. The property also backs to open space, adding privacy.
Separate utilities are already in place. The seller’s estimated monthly rental income is $1,600–$1,800 for the first-floor unit and $1,700–$2,000 for the second-floor unit.
Key Highlights
- Well‑maintained duplex built in 1956 with two separate units and approximately 2,460 sq ft of living space
- Each unit has its own private entrance; first‑floor unit includes 2 bedrooms with no stairs and open living/dining layout
- Second‑floor unit features 3 bedrooms and 2 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
$41,980
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%
$839,600
$839.6K
Cap Rate 7%
$599,714
$599.7K
Cap Rate 9%
$466,444
$466.4K
Market Conditions
NOI Build-Up for 2,460 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
$63.5K $25.80/SF
− Vacancy
−$3.5K −$1.42/SF
EGI
$60.0K $24.38/SF
− OpEx
−$18.0K −$7.31/SF
NOI
$42.0K $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%
$839,600
Cap Rate 7%
$599,714
Cap Rate 9%
$466,444
Alternative Uses
Best Use
Multifamily LT 5
$599.7K
$524.8K – $699.7K
NOI $41,980 @ 7.0% cap · market cap 8.84%
Second Best
Apartment 5plus
$552.8K
$483.7K – $644.9K
NOI $38,695 @ 7.0% cap · market cap 8.15%
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
1,466
Businesses Nearby
Explore this area
Business Placement
Demographics for 19152, PA
35,911
Population
13,715
Households
2.6
Avg Household Size
41
Median Age
28%
College-Educated
88%
High-School Grad
2.9 sq mi
ZIP Area
12,383
Density / Sq Mi
$57,966
Median Household Income
$40,428
Median Earnings
$1,236
Median Rent
$270,000
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 - Well-maintained duplex with two units, each with a private entrance, plus shared laundry and rear access to a two-car driveway.
Where is this duplex located?
The property is located at 2261 STRAHLE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Well‑maintained duplex built in 1956 with two separate units and approximately 2,460 sq ft of living space; Each unit has its own private entrance; first‑floor unit includes 2 bedrooms with no stairs and open living/dining layout; Second‑floor unit features 3 bedrooms and 2 full bathrooms
