Two-Unit Duplex with
New
For Sale
$280,000
3337 OAKMONT STREET, Philadelphia, PA 19136
Two one-bedroom residences include basement storage, driveway parking, and established tenants.
Property Size1,190 SF
Price / SF$235.29
Days on Market7
Property Features for 3337 OAKMONT STREET
General Information
Standard status
Active
Size
1,190 SF
Property subtype
Duplex
Financials
Asking Price
$280,000
Gross Income
$22,800
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Amenities
garage
driveway parking
basement storage
Building Details
Year Built
1950
Listing Agency:
BHHS Fox & Roach-Blue Bell
(215) 806-0988
Listed By:
Benjamin Wong · License #RS323778
(215) 806-0988
Source:
Cummingsrealtors
Added: Aug 5
Changed: Aug 11
Last Checked: Aug 11 at 4:44AM
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 BHHS Fox & Roach-Blue Bell
Investment Insights
Based on property information with market context.
This 1,190-square-foot duplex, built in 1950, is arranged as two one-bedroom residences. The property is being offered as-is and currently has established tenants in place. The first-floor unit includes basement storage, while the property also provides a one-car garage and driveway parking for off-street vehicle storage.
Located on a wide residential street in Philadelphia, the duplex offers access to major highways, Northeast Philadelphia, Center City, and nearby New Jersey. Regional Rail service is located just over a mile away, adding another transportation option. The existing two-unit layout, tenant occupancy, garage, driveway, and basement storage create a straightforward residential income property configuration.
Located on a wide residential street in Philadelphia, the duplex offers access to major highways, Northeast Philadelphia, Center City, and nearby New Jersey. Regional Rail service is located just over a mile away, adding another transportation option. The existing two-unit layout, tenant occupancy, garage, driveway, and basement storage create a straightforward residential income property configuration.
Key Highlights
- Two one‑bedroom units within a 1,190‑square‑foot duplex
- Built in 1950 and offered as‑is
- Established tenants currently occupy both units
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
$20,307
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
7.25%
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%
$406,140
$406.1K
Cap Rate 7%
$290,100
$290.1K
Cap Rate 9%
$225,633
$225.6K
Market Conditions
NOI Build-Up for 1,190 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
$30.7K $25.80/SF
− Vacancy
−$1.7K −$1.42/SF
EGI
$29.0K $24.38/SF
− OpEx
−$8.7K −$7.31/SF
NOI
$20.3K $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%
$406,140
Cap Rate 7%
$290,100
Cap Rate 9%
$225,633
Alternative Uses
Best Use
Multifamily LT 5
$290.1K
$253.8K – $338.5K
NOI $20,307 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$267.4K
$234.0K – $312.0K
NOI $18,718 @ 7.0% cap · market cap 6.69%
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
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,236
Businesses Nearby
Explore this area
Business Placement
Demographics for 19136, PA
39,151
Population
13,841
Households
2.8
Avg Household Size
36
Median Age
24%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,156
Density / Sq Mi
$65,499
Median Household Income
$40,495
Median Earnings
$1,200
Median Rent
$215,000
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 one-bedroom residences include basement storage, driveway parking, and established tenants.
Where is this duplex located?
The property is located at 3337 OAKMONT STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two one‑bedroom units within a 1,190‑square‑foot duplex; Built in 1950 and offered as‑is; Established tenants currently occupy both units
