Renovated Duplex with Fenced
For Sale
Under Contract
$235,000
3011 N 10TH Street, Philadelphia, PA 19133
Multi-Family, PHILADELPHIA, PA
Property Size1,218 SF
Lot Size0.02 Acres
Price / SF$192.94
Days on Market61
Property Features for 3011 N 10TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement, Dining Room
Parking features
On Street
Interior features
Bathroom - Tub Shower, Ceiling Fan(s), Combination Kitchen/Dining, Combination Dining/Living, Flat, Floor Plan - Traditional, Recessed Lighting
Appliances
Built-In Microwave, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer/Dryer Hookups Only
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 Under Contract
Size
1,218 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
775
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Ceiling Fan(s)
Amenities
basement
fenced backyard
washer/dryer hookups
Building Details
Year built
1920
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
Keller Williams Real Estate-Blue Bell · Keller Williams Realty
(215) 646-2900
Listed By:
Charlene A Houston · License #RS348858
(267) 304-4916
Added: Jul 9
Changed: Sep 3
Last Checked: Sep 7 at 6:06AM
MLS# PAPH2645900
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 renovated duplex contains 1,218 square feet across two residential units, with each offering two bedrooms, one full bathroom, and updated interior finishes. Open living and dining areas include recessed lighting, ceiling fans, and oak-tone luxury vinyl plank flooring. Kitchens feature white shaker cabinets, stainless steel appliances, designer backsplash, and black hardware, while the bathrooms combine porcelain tile, black hexagon flooring, matte black fixtures, and tub-mounted rain shower heads. Both units use electric baseboard heat.
The first-floor residence connects to a basement with approximately 9-foot ceilings for storage. The second bedroom opens to a fenced backyard with a newly poured concrete walkway, grassy area, and room for outdoor use. The upper unit includes washer and dryer hookups. Located at 3011 N 10TH Street in Philadelphia, the property is less than 2 miles from Temple University and Temple University Hospital, with access to Broad Street, public transportation, shopping, and dining. The building was constructed in 1920 and has on-street parking.
The first-floor residence connects to a basement with approximately 9-foot ceilings for storage. The second bedroom opens to a fenced backyard with a newly poured concrete walkway, grassy area, and room for outdoor use. The upper unit includes washer and dryer hookups. Located at 3011 N 10TH Street in Philadelphia, the property is less than 2 miles from Temple University and Temple University Hospital, with access to Broad Street, public transportation, shopping, and dining. The building was constructed in 1920 and has on-street parking.
Key Highlights
- Two‑unit duplex with 1,218 square feet of total property size
- Each unit includes 2 bedrooms and 1 full bath
- Renovated kitchens with stainless steel appliances and white shaker cabinetry
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
2
Residential units
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 - Two updated residential units with modern kitchens, private outdoor space, and basement storage.
Where is this duplex located?
The property is located at 3011 N 10TH Street 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: Two‑unit duplex with 1,218 square feet of total property size; Each unit includes 2 bedrooms and 1 full bath; Renovated kitchens with stainless steel appliances and white shaker cabinetry
