2-Unit Duplex with Separate
For Sale
$360,000
4057 Comly Street, Philadelphia, PA 19135
Well-maintained 2+2 duplex with modern layout and separate utilities, currently rented on month-to-month leases.
Property Size1,404 SF
Price / SF$256.41
Days on Market230
Property Features for 4057 Comly Street
General Information
Standard status
Active
Size
1,404 SF
Property subtype
Multi-Family
Zoning
RSA3
Taxes and HOA fees
Annual Taxes
$3,668
Amenities
Natural Gas
Yes
No
All
Assessor
No Pool
Public
W30
29.00 x 100.00
0.07
Driveway,On Street
Brick/Mortar
52420.00
Building Details
Building Size
1,404 SF
Year Built
1940
Listing Agency:
Keller Williams Preferred Properties
(856) 222-0077
Listed By:
Julia Joyce-Hall
(856) 630-4482
Source:
Thetristaterealestategroup
Added: Jan 28
Changed: Sep 14
Last Checked: Sep 15 at 6:07AM
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 Preferred Properties
Investment Insights
Based on property information with market context.
This well-maintained 2+2 duplex offers a modern layout with separate utilities for each unit. The property is configured as two residential units and is currently occupied by long-term tenants on month-to-month leases, providing immediate rental income with flexibility for future plans.
Located at 4057 Comly Street in Philadelphia, the duplex is described as being conveniently near parks, schools, and neighborhood amenities.
As a residential income property, it is suited for investors looking to add a steady rental asset or for owner-occupants seeking rental income while maintaining flexibility due to the month-to-month lease terms.
Located at 4057 Comly Street in Philadelphia, the duplex is described as being conveniently near parks, schools, and neighborhood amenities.
As a residential income property, it is suited for investors looking to add a steady rental asset or for owner-occupants seeking rental income while maintaining flexibility due to the month-to-month lease terms.
Key Highlights
- 2+2 duplex built in 1940 with a living area recorded by the assessor
- Both units are furnished and currently rented on month‑to‑month leases (long‑term tenants in place)
- Separate utilities with natural gas heating and natural gas hot water
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
$23,959
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
6.66%
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%
$479,180
$479.2K
Cap Rate 7%
$342,271
$342.3K
Cap Rate 9%
$266,211
$266.2K
Market Conditions
NOI Build-Up for 1,404 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
$36.2K $25.80/SF
− Vacancy
−$2.0K −$1.42/SF
EGI
$34.2K $24.38/SF
− OpEx
−$10.3K −$7.31/SF
NOI
$24.0K $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%
$479,180
Cap Rate 7%
$342,271
Cap Rate 9%
$266,211
Alternative Uses
Best Use
Multifamily LT 5
$342.3K
$299.5K – $399.3K
NOI $23,959 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$315.5K
$276.1K – $368.1K
NOI $22,084 @ 7.0% cap · market cap 6.13%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Explore this area
Business Placement
Demographics for 19135, PA
35,422
Population
14,323
Households
2.5
Avg Household Size
34
Median Age
16%
College-Educated
82%
High-School Grad
2.3 sq mi
ZIP Area
15,401
Density / Sq Mi
$51,817
Median Household Income
$38,673
Median Earnings
$1,197
Median Rent
$182,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Well-maintained 2+2 duplex with modern layout and separate utilities, currently rented on month-to-month leases.
Where is this duplex located?
The property is located at 4057 Comly Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 2+2 duplex built in 1940 with a living area recorded by the assessor; Both units are furnished and currently rented on month‑to‑month leases (long‑term tenants in place); Separate utilities with natural gas heating and natural gas hot water
