Brick Duplex with Two
New
For Sale
$209,900
4123 ORCHARD Street, Philadelphia, PA 19124
Multi-Family, PHILADELPHIA, PA
Property Size1,104 SF
Lot Size0.02 Acres
Price / SF$190.13
Days on Market6
Property Features for 4123 ORCHARD Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Subdivision
FRANKFORD
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,104 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
1979
Utilities
Heating system
Radiant
Cooling system
Window Unit(s)
Building Details
Year built
1940
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
Giraldo Real Estate Group
Listed By:
Jackeline Estrada · License #RS377975
(215) 745-0101
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 27 at 12:06PM
MLS# PAPH2673056
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 legal duplex contains 1,104 square feet across two residential units. The first unit has 1 bedroom and 1 full bathroom, while the second provides 2 bedrooms and 1 full bathroom. Both units include living areas and kitchens equipped with newer appliances. The brick building was constructed in 1940 and includes a basement, radiant heating, and window-unit cooling.
Located near Aramingo Avenue and Frankford Avenue in Philadelphia, the property is close to shopping, transportation, schools, restaurants, and daily services. On-street parking serves the property, and the 0.0241-acre parcel is positioned within the 19124 postal area.
Located near Aramingo Avenue and Frankford Avenue in Philadelphia, the property is close to shopping, transportation, schools, restaurants, and daily services. On-street parking serves the property, and the 0.0241-acre parcel is positioned within the 19124 postal area.
Key Highlights
- Two‑unit duplex with 1,104 square feet of property size
- Unit 1 offers 1 bedroom and 1 full bathroom
- Unit 2 includes 2 bedrooms and 1 full bathroom
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
$14,226
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
6.78%
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%
$284,520
$284.5K
Cap Rate 7%
$203,229
$203.2K
Cap Rate 9%
$158,067
$158.1K
Market Conditions
NOI Build-Up for 1,104 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
$21.9K $19.80/SF
− Vacancy
−$1.5K −$1.39/SF
EGI
$20.3K $18.41/SF
− OpEx
−$6.1K −$5.52/SF
NOI
$14.2K $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 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%
$284,520
Cap Rate 7%
$203,229
Cap Rate 9%
$158,067
Alternative Uses
Best Use
Multifamily LT 5
$203.2K
$177.8K – $237.1K
NOI $14,226 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$187.0K
$163.6K – $218.2K
NOI $13,090 @ 7.0% cap · market cap 6.24%
Theoretical Best
Specialty Retail
$635.0K
$555.7K – $740.9K
NOI $44,452 @ 7.0% cap · market cap 21.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,339
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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-unit residential property with separate bedroom layouts, updated appliances, radiant heat, and window cooling.
Where is this duplex located?
The property is located at 4123 ORCHARD Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,104 square feet of property size; Unit 1 offers 1 bedroom and 1 full bathroom; Unit 2 includes 2 bedrooms and 1 full bathroom
