Two-Unit Residential
For Sale
$225,000
3129 N 9TH STREET, Philadelphia, PA 19133
Two apartments offer two-bedroom layouts, with one unit featuring two bathrooms.
Property Size1,050 SF
Days on Market118
Property Features for 3129 N 9TH STREET
General Information
Standard status
Active
Size
1,050 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR, 1 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,079
Building Details
Building Size
1,050 SF
Year Built
1925
Listing Agency:
Lime House
Listed By:
Jack Talhelm · License #RS368054
(717) 961-1393
Source:
Lizclarkrealestate
Added: May 11
Changed: Aug 27
Last Checked: Sep 5 at 6:11AM
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 Lime House
Investment Insights
Based on property information with market context.
Built in 1925, this residential duplex contains two tenant-occupied apartments, each with a two-bedroom layout. One apartment includes two bathrooms, creating a distinct unit mix within the property.
The property is located at 3129 N 9th Street in Philadelphia, Pennsylvania 19133. It is available for individual acquisition and may also be considered with additional portfolio assets. Financial information is available for review.
The property is located at 3129 N 9th Street in Philadelphia, Pennsylvania 19133. It is available for individual acquisition and may also be considered with additional portfolio assets. Financial information is available for review.
Key Highlights
- Two‑unit duplex with two 2‑bedroom apartments
- One apartment includes 2 bathrooms
- Currently occupied by tenants
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
$17,918
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
7.96%
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%
$358,360
$358.4K
Cap Rate 7%
$255,971
$256.0K
Cap Rate 9%
$199,089
$199.1K
Market Conditions
NOI Build-Up for 1,050 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
$27.1K $25.80/SF
− Vacancy
−$1.5K −$1.42/SF
EGI
$25.6K $24.38/SF
− OpEx
−$7.7K −$7.31/SF
NOI
$17.9K $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%
$358,360
Cap Rate 7%
$255,971
Cap Rate 9%
$199,089
Alternative Uses
Best Use
Multifamily LT 5
$256.0K
$224.0K – $298.6K
NOI $17,918 @ 7.0% cap · market cap 7.96%
Second Best
Apartment 5plus
$235.9K
$206.5K – $275.3K
NOI $16,516 @ 7.0% cap · market cap 7.34%
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
3,725
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer two-bedroom layouts, with one unit featuring two bathrooms.
Where is this duplex located?
The property is located at 3129 N 9TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex with two 2‑bedroom apartments; One apartment includes 2 bathrooms; Currently occupied by tenants
