Renovated Two-Unit
New
For Sale
$290,000
3957 N PERCY Street, Philadelphia, PA 19140
MULTI_FAMILY - PHILADELPHIA, PA
Property Size960 SF
Lot Size0.02 Acres
Price / SF$302.08
Days on Market1
Property Features for 3957 N PERCY Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
960 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
1223
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Amenities
in-unit washer/dryer
Building Details
Year built
1920
Number of units
2
Building materials
Brick
Listing Agency:
Keller Williams Main Line · Keller Williams Realty
(610) 520-0100
Listed By:
Starr Smith · License #1859517111111
(267) 252-1455
Added: Aug 11
Last Checked: Aug 11 at 7:06PM
MLS# PAPH2658500
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 960-square-foot brick duplex, built in 1920, contains two one-bedroom, one-bath units. Both residences have been renovated with new appliances, refreshed cabinetry, recessed lighting, and in-unit washers and dryers. Central air and electric heat pump systems serve the property, while a basement adds storage or functional support space. One unit is occupied and Section 8 approved; the second is vacant and was previously leased.
The property is located at 3957 N Percy Street in Philadelphia, PA 19140. On-street parking is available, and the asset sits near Einstein Medical Center, Children's Hospital, and Roosevelt Boulevard. The surrounding location also provides access to transit, major highways, and local amenities.
The property is located at 3957 N Percy Street in Philadelphia, PA 19140. On-street parking is available, and the asset sits near Einstein Medical Center, Children's Hospital, and Roosevelt Boulevard. The surrounding location also provides access to transit, major highways, and local amenities.
Key Highlights
- 960 square feet with two 1‑bedroom, 1‑bath units
- Fully renovated interiors with new appliances and updated cabinetry
- In‑unit washers and dryers in both residences
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
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
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Frequently Asked Questions
What type of property is this?
Duplex - Brick duplex with two one-bedroom units, central air, updated interiors, and a basement.
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: 960 square feet with two 1‑bedroom, 1‑bath units; Fully renovated interiors with new appliances and updated cabinetry; In‑unit washers and dryers in both residences
