Renovated Duplex with Separate
For Sale
$395,000
Pending
3654-56 Calumet Street, Philadelphia, PA 19129
Two residential units feature individual laundry, separate utility metering, and dedicated access from the exterior.
Property Size1,485 SF
Days on Market150
Property Features for 3654-56 Calumet Street
General Information
Standard status
Pending
Size
1,485 SF
Total Parking Spaces
3
Property subtype
Contingent
Zoning
RSA5
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,849
Amenities
in-unit laundry
storage
Natural Gas
Yes
No
Assessor
No Pool
2 washers and dryers,2 refrigerators
Public
U50
30.00 x 72.00
0.05
Driveway
Stone
40700.00
3
Building Details
Building Size
1,485 SF
Year Built
1939
Buildings
1
Listing Agency:
OCF Realty LLC - Philadelphia
(856) 222-0077
Listed By:
Brittany Moody
(609) 744-6614
Source:
Thetristaterealestategroup
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 2:45PM
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 OCF Realty LLC - Philadelphia
Investment Insights
Based on property information with market context.
This two-unit residential property contains 1,485 square feet across a two-story duplex built in 1939. The lower residence includes a living and dining area, kitchen, full bathroom, one bedroom, and a substantial basement for storage. The upper residence provides a kitchen, living room, full bathroom, and two bedrooms. Each unit has its own entrance and laundry equipment, while separate utility metering supports independent operation. The property has undergone recent renovation, with an updated kitchen in the upper unit.
A driveway provides three, possibly four parking spots. Additional storage is located beside the rear of the property. The parcel measures 30.00 x 72.00 and covers 0.05 acres. RSA5 zoning applies, and the property is located at 3654-56 Calumet Street in Philadelphia, Pennsylvania 19129.
A driveway provides three, possibly four parking spots. Additional storage is located beside the rear of the property. The parcel measures 30.00 x 72.00 and covers 0.05 acres. RSA5 zoning applies, and the property is located at 3654-56 Calumet Street in Philadelphia, Pennsylvania 19129.
Key Highlights
- Two‑unit duplex with 1,485 square feet and RSA5 zoning
- Lower unit includes one bedroom and a basement for storage
- Upper unit offers two bedrooms and an updated kitchen
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
$25,341
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
6.42%
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%
$506,820
$506.8K
Cap Rate 7%
$362,014
$362.0K
Cap Rate 9%
$281,567
$281.6K
Market Conditions
NOI Build-Up for 1,485 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
$38.3K $25.80/SF
− Vacancy
−$2.1K −$1.42/SF
EGI
$36.2K $24.38/SF
− OpEx
−$10.9K −$7.31/SF
NOI
$25.3K $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%
$506,820
Cap Rate 7%
$362,014
Cap Rate 9%
$281,567
Alternative Uses
Best Use
Multifamily LT 5
$362.0K
$316.8K – $422.4K
NOI $25,341 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$333.7K
$292.0K – $389.3K
NOI $23,358 @ 7.0% cap · market cap 5.91%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
796
Businesses Nearby
Explore this area
Business Placement
Demographics for 19129, PA
11,437
Population
6,228
Households
1.8
Avg Household Size
35
Median Age
60%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
5,446
Density / Sq Mi
$77,225
Median Household Income
$58,576
Median Earnings
$1,471
Median Rent
$297,400
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 residential units feature individual laundry, separate utility metering, and dedicated access from the exterior.
Where is this duplex located?
The property is located at 3654-56 Calumet Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,485 square feet and RSA5 zoning; Lower unit includes one bedroom and a basement for storage; Upper unit offers two bedrooms and an updated kitchen
