2-Unit Duplex with Independent
For Sale
$370,000
Pending
3123 Comly Road, Philadelphia, PA 19154
Two separate residential units each have independent entrances, with fenced yard space and driveway parking.
Property Size1,920 SF
Days on Market131
Property Features for 3123 Comly Road
General Information
Standard status
Pending
Size
1,920 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Fee Simple
Zoning
RSA4
Taxes and HOA fees
Annual Taxes
$4,818
Amenities
No
No Pool
Building Details
Year Built
1983
Listing Agency:
Keller Williams Real Estate Tri-County
Listed By:
Steven Masterson · License #rs335293
(267) 974-4713
Source:
Compass
Added: Apr 30
Changed: Aug 8
Last Checked: Jul 24 at 3:23PM
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 Tri-County
Investment Insights
Based on property information with market context.
This 2-and-1 duplex offers two residential units with independent entrances. The upper level features a 2-bedroom unit, while the first floor provides a 1-bedroom unit. The property also includes a fenced-in yard and a 2-car driveway, with 1 parking space allocated for each unit.
Located in Philadelphia County (MLS Area 19154), the home is described as being near major arteries including I-95 and Roosevelt Blvd, providing convenient access to transit and shopping.
The layout supports straightforward tenant separation with separate entry points for both units, along with dedicated off-street parking.
Located in Philadelphia County (MLS Area 19154), the home is described as being near major arteries including I-95 and Roosevelt Blvd, providing convenient access to transit and shopping.
The layout supports straightforward tenant separation with separate entry points for both units, along with dedicated off-street parking.
Key Highlights
- 2‑and‑1 duplex with a 2‑bedroom unit on the upper level and a 1‑bedroom unit on the first floor
- Both units have independent entrances
- Fenced‑in yard plus a 2‑car driveway
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
$32,765
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
8.86%
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%
$655,300
$655.3K
Cap Rate 7%
$468,071
$468.1K
Cap Rate 9%
$364,056
$364.1K
Market Conditions
NOI Build-Up for 1,920 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
$49.5K $25.80/SF
− Vacancy
−$2.7K −$1.42/SF
EGI
$46.8K $24.38/SF
− OpEx
−$14.0K −$7.31/SF
NOI
$32.8K $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%
$655,300
Cap Rate 7%
$468,071
Cap Rate 9%
$364,056
Alternative Uses
Best Use
Multifamily LT 5
$468.1K
$409.6K – $546.1K
NOI $32,765 @ 7.0% cap · market cap 8.86%
Second Best
Apartment 5plus
$431.4K
$377.5K – $503.4K
NOI $30,201 @ 7.0% cap · market cap 8.16%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
Explore this area
Business Placement
Demographics for 19154, PA
34,681
Population
13,296
Households
2.6
Avg Household Size
39
Median Age
27%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
5,419
Density / Sq Mi
$93,479
Median Household Income
$50,969
Median Earnings
$1,396
Median Rent
$274,400
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 separate residential units each have independent entrances, with fenced yard space and driveway parking.
Where is this duplex located?
The property is located at 3123 Comly Road Philadelphia, PA.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 2‑and‑1 duplex with a 2‑bedroom unit on the upper level and a 1‑bedroom unit on the first floor; Both units have independent entrances; Fenced‑in yard plus a 2‑car driveway
