Brick Duplex with Private
For Sale
$389,000
2533 S 13TH STREET, Philadelphia, PA 19148
Two spacious residences provide separate utilities, central air, and flexible owner-occupant or rental use.
Property Size1,462 SF
Days on Market12
Property Features for 2533 S 13TH STREET
General Information
Standard status
Active
Size
1,462 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,617
Amenities
central air
private laundry
hardwood floors
updated kitchen
Building Details
Building Size
1,462 SF
Year Built
1920
Buildings
1
Construction
brick
Listing Agency:
KW Empower
Listed By:
Tyler Hopp · License #RS331973
(267) 475-5862
Source:
Patmckennarealtors
Added: Sep 9
Changed: Sep 18
Last Checked: Sep 20 at 12:28PM
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.
Constructed in 1920, this brick duplex contains two 2-bedroom residences with separate utilities and central air service. The first-floor home has been remodeled with hardwood flooring, an updated eat-in kitchen with granite counters and newer appliances, a tiled bathroom, private laundry, and access to a rear courtyard. Its lower level adds a family room or den along with storage. The upper residence includes a large living room, eat-in kitchen, in-unit washer and dryer, two bedrooms, and a ceramic tile bathroom. Newer windows serve the property, and each unit maintains its own laundry setup.
The property is located in Philadelphia’s Lower Moyamensing neighborhood, near schools, shopping, restaurants, neighborhood services, and public transportation. East Passyunk Avenue, Broad Street, major roadways, and Center City are also identified as nearby access points. The configuration supports either owner occupancy with a second residence or operation as a two-unit rental property.
The property is located in Philadelphia’s Lower Moyamensing neighborhood, near schools, shopping, restaurants, neighborhood services, and public transportation. East Passyunk Avenue, Broad Street, major roadways, and Center City are also identified as nearby access points. The configuration supports either owner occupancy with a second residence or operation as a two-unit rental property.
Key Highlights
- Two 2‑bedroom units in a brick duplex
- Built in 1920 with newer windows throughout
- Separate utilities and central air in both residences
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
$24,949
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
6.41%
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%
$498,980
$499.0K
Cap Rate 7%
$356,414
$356.4K
Cap Rate 9%
$277,211
$277.2K
Market Conditions
NOI Build-Up for 1,462 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
$37.7K $25.80/SF
− Vacancy
−$2.1K −$1.42/SF
EGI
$35.6K $24.38/SF
− OpEx
−$10.7K −$7.31/SF
NOI
$24.9K $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%
$498,980
Cap Rate 7%
$356,414
Cap Rate 9%
$277,211
Alternative Uses
Best Use
Multifamily LT 5
$356.4K
$311.9K – $415.8K
NOI $24,949 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$328.5K
$287.5K – $383.3K
NOI $22,997 @ 7.0% cap · market cap 5.91%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,215
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two spacious residences provide separate utilities, central air, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 2533 S 13TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two 2‑bedroom units in a brick duplex; Built in 1920 with newer windows throughout; Separate utilities and central air in both residences
