2-Unit Duplex with Hardwood
New
For Sale
$349,999
2460 N 79TH Avenue, Philadelphia, PA 19150
Multi-Family, PHILADELPHIA, PA
Property Size1,152 SF
Lot Size0.04 Acres
Price / SF$303.82
Days on Market5
Property Features for 2460 N 79TH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement, Dining Room
Parking features
On Street, Driveway
Interior features
Bathroom - Tub Shower, Combination Dining/Living, Combination Kitchen/Living, Floor Plan - Open, Recessed Lighting, Wood Floors
Appliances
Oven/Range - Electric
Subdivision
CEDARBROOK
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
1,152 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
4076
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1930
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Bernice Jean-Louis · License #RS339561
(610) 605-7401
Added: Sep 23
Last Checked: Sep 27 at 3:06PM
MLS# PAPH2671282
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.
This 2-unit duplex contains 1,152 square feet on a 0.0408-acre lot and was built in 1930 with masonry construction. Each residence includes 2 bedrooms and 1 full bathroom, along with living and dining areas, a kitchen, hardwood flooring, recessed lighting, and functional open-plan arrangements. An electric oven/range serves each unit, while hot water heating supports the property. Parking is available in the driveway and on the street.
The property is in Philadelphia near Greenleaf at Cheltenham and Cedarbrook Plaza Shopping Center, offering access to shopping, dining, groceries, fitness services, and daily conveniences. Route 309 provides connections to surrounding suburbs and the Pennsylvania Turnpike near Fort Washington. Public transportation options are also available in the surrounding area.
The property is in Philadelphia near Greenleaf at Cheltenham and Cedarbrook Plaza Shopping Center, offering access to shopping, dining, groceries, fitness services, and daily conveniences. Route 309 provides connections to surrounding suburbs and the Pennsylvania Turnpike near Fort Washington. Public transportation options are also available in the surrounding area.
Key Highlights
- 2‑unit duplex with 1,152 square feet of total property size
- Each unit includes 2 bedrooms and 1 full bathroom
- 0.0408‑acre lot with driveway and on‑street parking
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
$19,659
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
5.62%
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%
$393,180
$393.2K
Cap Rate 7%
$280,843
$280.8K
Cap Rate 9%
$218,433
$218.4K
Market Conditions
NOI Build-Up for 1,152 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
$29.7K $25.80/SF
− Vacancy
−$1.6K −$1.42/SF
EGI
$28.1K $24.38/SF
− OpEx
−$8.4K −$7.31/SF
NOI
$19.7K $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%
$393,180
Cap Rate 7%
$280,843
Cap Rate 9%
$218,433
Alternative Uses
Best Use
Multifamily LT 5
$280.8K
$245.7K – $327.7K
NOI $19,659 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$258.9K
$226.5K – $302.0K
NOI $18,120 @ 7.0% cap · market cap 5.18%
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
Highway access
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
Explore this area
Business Placement
Demographics for 19150, PA
23,126
Population
10,868
Households
2.1
Avg Household Size
47
Median Age
28%
College-Educated
91%
High-School Grad
1.5 sq mi
ZIP Area
15,417
Density / Sq Mi
$61,257
Median Household Income
$43,002
Median Earnings
$1,282
Median Rent
$225,400
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Masonry duplex with separate living spaces, open kitchen layouts, and convenient access to shopping and regional road connections.
Where is this duplex located?
The property is located at 2460 N 79TH Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: 2‑unit duplex with 1,152 square feet of total property size; Each unit includes 2 bedrooms and 1 full bathroom; 0.0408‑acre lot with driveway and on‑street parking
