Building Details

Year Built 1915

Buildings 1

Listing Agency: Keller Williams Real Estate-Langhorne

Listed By: Sherry Nunez · License #RS220405L Show Phone

Source: Upgradebymichaud

Added: Sep 5 Changed: Oct 3 Last Checked: Oct 24 at 6:45PM

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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 Keller Williams Real Estate-Langhorne

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Investment Insights

Based on property information with market context.

This 2,295-square-foot mixed-use duplex at 2329 Cumberland Street combines a commercial-oriented ground-floor layout with an updated second-floor residence. The upstairs unit includes two bedrooms and two bathrooms, offering residential occupancy, additional income potential, or live-work use as described. Window air conditioning is installed, and the property was built in 1915.

Positioned on a corner lot measuring 15.00 x 62.00, the property benefits from street-facing placement and on-street parking. Commercial zoning supports a range of business applications, while the duplex configuration retains a residential component. The Philadelphia address places the property within the city’s neighborhood setting.

Key Highlights

• 2,295‑square‑foot mixed‑use duplex
• Updated upstairs unit with 2 bedrooms and 2 bathrooms
• Commercial zoning supports business use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,164

Cap Rate

6.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$783,280 $783.3K

Cap Rate 7%

$559,486 $559.5K

Cap Rate 9%

$435,156 $435.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,295 SF

Gross rent

$59.2K $25.80/SF

− Vacancy

−$3.3K −$1.42/SF

EGI

$55.9K $24.38/SF

− OpEx

−$16.8K −$7.31/SF

NOI

$39.2K $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 Rate 5%

$783,280

Cap Rate 7%

$559,486

Cap Rate 9%

$435,156

Alternative Uses

Best Use

Multifamily LT 5

$559.5K

$489.6K – $652.7K (±1% cap)

NOI $39,164 @ 7.0% cap · market cap 6.87%

Second Best

Apartment 5plus

$515.7K

$451.2K – $601.7K (±1% cap)

NOI $36,099 @ 7.0% cap · market cap 6.33%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Live-work space

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Building Supply Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,442

Businesses Nearby

Explore this area Business Placement

Demographics for 19125, PA

25,325

Population

13,055

Households

1.9

Avg Household Size

34

Median Age

64%

College-Educated

94%

High-School Grad

1.4 sq mi

ZIP Area

18,089

Density / Sq Mi

$110,842

Median Household Income

$62,656

Median Earnings

$1,743

Median Rent

$373,600

Median Home Value

Market

Vacancy Rate% for Office in Philadelphia, PA

14.2% 2019

14.1% 2020

16.2% 2021

19% 2022

20.5% 2023

19.6% 2024

19.7% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercial zoning supports business use alongside an updated upstairs residential unit and live-work flexibility.

Where is this mixed-use property located?

The property is located at 2329 E Cumberland St Philadelphia, PA.

What is the asking price?

The asking price for this property is $569,900.

What are key features of this property?

This property features: 2,295‑square‑foot mixed‑use duplex; Updated upstairs unit with 2 bedrooms and 2 bathrooms; Commercial zoning supports business use