Renovated Duplex with Two
For Sale
$290,000
3957 N PERCY STREET, Philadelphia, PA 19140
Two one-bedroom residences feature updated interiors, appliances, and in-unit laundry, with one unit occupied and the other vacant.
Property Size960 SF
Price / SF$302.08
Days on Market49
Property Features for 3957 N PERCY STREET
General Information
Standard status
Active
Size
960 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
in-unit washer/dryer
Building Details
Year Built
1920
Tenancy
Single
Listing Agency:
Keller Williams Main Line
(610) 520-0100
Listed By:
Starr Smith · License #1859517111111
(267) 252-1455
Source:
Cummingsrealtors
Added: Jul 19
Changed: Sep 4
Last Checked: Sep 5 at 6:59AM
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 Main Line
Investment Insights
Based on property information with market context.
This renovated duplex contains 960 square feet arranged as two 1-bedroom, 1-bath units. Improvements include new appliances, refreshed cabinetry, recessed lighting, and a washer and dryer within each residence. The property was built in 1920 and offers a two-unit configuration suited to an owner occupant or residential rental use.
One unit is currently occupied and Section 8 approved, while the second unit is vacant. The property is located near Einstein Medical Center, Children's Hospital, and Roosevelt Boulevard, with access to transit, major highways, and local amenities. Its Philadelphia location and updated unit interiors provide a straightforward multifamily setup with one occupied residence and one available for use or leasing.
One unit is currently occupied and Section 8 approved, while the second unit is vacant. The property is located near Einstein Medical Center, Children's Hospital, and Roosevelt Boulevard, with access to transit, major highways, and local amenities. Its Philadelphia location and updated unit interiors provide a straightforward multifamily setup with one occupied residence and one available for use or leasing.
Key Highlights
- Two‑unit duplex totaling 960 square feet
- Two 1‑bedroom, 1‑bath units
- Renovated interiors with new appliances, updated cabinetry, and recessed lighting
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
$16,382
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
5.65%
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%
$327,640
$327.6K
Cap Rate 7%
$234,029
$234.0K
Cap Rate 9%
$182,022
$182.0K
Market Conditions
NOI Build-Up for 960 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
$24.8K $25.80/SF
− Vacancy
−$1.4K −$1.42/SF
EGI
$23.4K $24.38/SF
− OpEx
−$7.0K −$7.31/SF
NOI
$16.4K $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%
$327,640
Cap Rate 7%
$234,029
Cap Rate 9%
$182,022
Alternative Uses
Best Use
Multifamily LT 5
$234.0K
$204.8K – $273.0K
NOI $16,382 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$215.7K
$188.8K – $251.7K
NOI $15,100 @ 7.0% cap · market cap 5.21%
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
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,117
Businesses Nearby
Explore this area
Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
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 one-bedroom residences feature updated interiors, appliances, and in-unit laundry, with one unit occupied and the other vacant.
Where is this duplex located?
The property is located at 3957 N PERCY STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 960 square feet; Two 1‑bedroom, 1‑bath units; Renovated interiors with new appliances, updated cabinetry, and recessed lighting
