Two-Unit Duplex With Finished
For Sale
$250,000
Pending
4022 K STREET, Philadelphia, PA 19124
Finished basement adds flexible space for recreation, storage, or a home office.
Property Size1,440 SF
Days on Market70
Property Features for 4022 K STREET
General Information
Standard status
Pending
Size
1,440 SF
Property subtype
Duplex
Site & Location
Neighborhood
Kensington
Public Transit
Yes
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Amenities
finished basement
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Elfant Wissahickon Realtors
Listed By:
Jeanne A Whipple · License #RS275042
(215) 866-0050
Source:
Cummingsrealtors
Added: Aug 15
Changed: Oct 21
Last Checked: Oct 23 at 8:29AM
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 Elfant Wissahickon Realtors
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Investment Insights
Based on property information with market context.
This duplex contains two 2-bedroom residences within a 1,440-square-foot property built in 1920. A finished basement expands the usable area with options for recreation, storage, or office space. The two-unit configuration supports an owner-occupant arrangement or separate rental use, as described in the property information.
Located at 4022 K Street in Philadelphia’s Juniata neighborhood, the property is near Juniata Park, Tacony Creek Park and Trail, Juniata Golf Club, and Piccoli Playground and Pool. Neighborhood retail and services are available along Castor Avenue, Hunting Park Avenue, and East Erie Avenue, with public transportation options nearby.
Located at 4022 K Street in Philadelphia’s Juniata neighborhood, the property is near Juniata Park, Tacony Creek Park and Trail, Juniata Golf Club, and Piccoli Playground and Pool. Neighborhood retail and services are available along Castor Avenue, Hunting Park Avenue, and East Erie Avenue, with public transportation options nearby.
Key Highlights
- Two 2‑bedroom units in a duplex configuration
- 1,440 SF property built in 1920
- Finished basement for recreation, storage, or office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,555
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,100
$371.1K
Cap Rate 7%
$265,071
$265.1K
Cap Rate 9%
$206,167
$206.2K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$28.5K $19.80/SF
− Vacancy
−$2.0K −$1.39/SF
EGI
$26.5K $18.41/SF
− OpEx
−$8.0K −$5.52/SF
NOI
$18.6K $12.89/SF
Area
ZIP 19124
Vacancy
7.03%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,100
Cap Rate 7%
$265,071
Cap Rate 9%
$206,167
Alternative Uses
Best Use
Multifamily LT 5
$265.1K
$231.9K – $309.3K
NOI $18,555 @ 7.0% cap · market cap 7.42%
Second Best
Apartment 5plus
$243.9K
$213.4K – $284.6K
NOI $17,073 @ 7.0% cap · market cap 6.83%
Theoretical Best
Specialty Retail
$828.3K
$724.8K – $966.4K
NOI $57,981 @ 7.0% cap · market cap 23.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,205
Businesses Nearby
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Business Placement
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Finished basement adds flexible space for recreation, storage, or a home office.
Where is this duplex located?
The property is located at 4022 K STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two 2‑bedroom units in a duplex configuration; 1,440 SF property built in 1920; Finished basement for recreation, storage, or office use
