Fully Renovated Duplex With Fenced
For Sale
$235,000
3011 N 10th St, Philadelphia, PA 19133
Turnkey duplex offers two renovated units, each with two bedrooms and one full bath, plus private outdoor space for the upper unit.
Property Size1,218 SF
Price / SF$192.94
Days on Market53
Property Features for 3011 N 10th St
General Information
Standard status
Active
Size
1,218 SF
Property subtype
Multi-Family
Additional Details
Business Included
Yes
Fenced Yard
Yes
Clear Height
9 ft
Multifamily Units
2
Building Details
Year Built
1920
Stories
2
Listing Agency:
Keller Williams Real Estate-Blue Bell
Listed By:
Charlene A Houston · License #RS348858
(215) 646-2900
Source:
Bethsamberg
Added: Jul 17
Changed: Sep 4
Last Checked: Sep 6 at 12:26PM
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-Blue Bell
Investment Insights
Based on property information with market context.
This fully renovated duplex is turnkey and designed for comfortable two-unit living. Each unit includes two bedrooms and one full bath with modern finishes throughout, including open-concept living and dining areas, recessed lighting, ceiling fans, and oak-tone luxury vinyl plank flooring. Kitchens feature white shaker cabinetry with black hardware and designer backsplash, along with stainless steel appliances that include a refrigerator, dishwasher, built-in microwave, and electric range. Bathrooms offer a black-and-white design with porcelain tile, matte black fixtures, and black shaker vanities, including a rain shower head over the tub. Electric baseboard heat is included in both units. The first-floor unit provides access to a spacious basement with approximately 9-foot ceilings for additional storage. The second-floor unit includes washer and dryer hookups and opens to a private, fenced backyard with a newly poured concrete walkway and grassy area.
The property is located less than 2 miles from Temple University and Temple University Hospital, with access to Broad Street, public transportation, shopping, and dining.
Both units are configured as two-bedroom, one-bath residences with matching renovation quality and updated interior finishes, supporting straightforward rental or owner-occupant use.
The property is located less than 2 miles from Temple University and Temple University Hospital, with access to Broad Street, public transportation, shopping, and dining.
Both units are configured as two-bedroom, one-bath residences with matching renovation quality and updated interior finishes, supporting straightforward rental or owner-occupant use.
Key Highlights
- Fully renovated duplex built in 1920 with 2 units, each offering 2 bedrooms and 1 full bath
- Modern open‑concept living and dining areas with recessed lighting, ceiling fans, and oak‑tone luxury vinyl plank flooring
- Each unit features an updated kitchen with white shaker cabinetry, designer backsplash, and stainless steel appliances
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
$20,785
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%
$415,700
$415.7K
Cap Rate 7%
$296,929
$296.9K
Cap Rate 9%
$230,944
$230.9K
Market Conditions
NOI Build-Up for 1,218 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
$31.4K $25.80/SF
− Vacancy
−$1.7K −$1.42/SF
EGI
$29.7K $24.38/SF
− OpEx
−$8.9K −$7.31/SF
NOI
$20.8K $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%
$415,700
Cap Rate 7%
$296,929
Cap Rate 9%
$230,944
Alternative Uses
Best Use
Multifamily LT 5
$296.9K
$259.8K – $346.4K
NOI $20,785 @ 7.0% cap · market cap 8.84%
Second Best
Apartment 5plus
$273.7K
$239.5K – $319.3K
NOI $19,159 @ 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
9 ft
Clear height
2
Residential units
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
3,726
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 - Turnkey duplex offers two renovated units, each with two bedrooms and one full bath, plus private outdoor space for the upper unit.
Where is this duplex located?
The property is located at 3011 N 10th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Fully renovated duplex built in 1920 with 2 units, each offering 2 bedrooms and 1 full bath; Modern open‑concept living and dining areas with recessed lighting, ceiling fans, and oak‑tone luxury vinyl plank flooring; Each unit features an updated kitchen with white shaker cabinetry, designer backsplash, and stainless steel appliances
