Well-Maintained Duplex
For Sale
$560,000
426 Parlin Street, Philadelphia, PA 19116
Two-unit duplex with separate utilities and a covered rear patio, currently tenant-occupied.
Property Size1,640 SF
Price / SF$341.46
Days on Market207
Property Features for 426 Parlin Street
General Information
Standard status
Active
Size
1,640 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Fee Simple
Zoning
RTA1
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,951
Amenities
No
Range Hood, Refrigerator, Washer, Dryer, Microwave
Kitchen - Eat-In
No Pool
Above Grade, Below Grade
Building Details
Year Built
1970
Tenancy
Multi
Listing Agency:
Skyline Realtors, LLC
(347) 634-5335
Listed By:
Akobir Jabborov · License #RS379047
(347) 634-5335
Source:
Compass
Added: Jan 17
Changed: Aug 8
Last Checked: Jul 20 at 8:52PM
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 Skyline Realtors, LLC
Investment Insights
Based on property information with market context.
This well-maintained duplex includes two separate units, each with its own functional layout and separate utilities. The property also features a covered rear patio and a solid concrete rear yard, providing outdoor space tied directly to the residence.
Located in Philadelphia near public transportation, major roadways, shopping, and local amenities. The property is currently tenant-occupied, and tenants will remain after sale if the new owner chooses; otherwise, they will vacate by settlement.
Offered for sale as a residential income property suitable for an owner-occupant or investor seeking a duplex configuration with separate utilities and dedicated outdoor areas.
Located in Philadelphia near public transportation, major roadways, shopping, and local amenities. The property is currently tenant-occupied, and tenants will remain after sale if the new owner chooses; otherwise, they will vacate by settlement.
Offered for sale as a residential income property suitable for an owner-occupant or investor seeking a duplex configuration with separate utilities and dedicated outdoor areas.
Key Highlights
- Two‑unit duplex in Philadelphia, currently tenant‑occupied with tenants staying if desired by the new owner
- Separate utilities for each unit
- Covered rear patio plus a solid concrete rear yard
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
$27,986
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
5.00%
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%
$559,720
$559.7K
Cap Rate 7%
$399,800
$399.8K
Cap Rate 9%
$310,956
$311.0K
Market Conditions
NOI Build-Up for 1,640 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
$42.3K $25.80/SF
− Vacancy
−$2.3K −$1.42/SF
EGI
$40.0K $24.38/SF
− OpEx
−$12.0K −$7.31/SF
NOI
$28.0K $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%
$559,720
Cap Rate 7%
$399,800
Cap Rate 9%
$310,956
Alternative Uses
Best Use
Multifamily LT 5
$399.8K
$349.8K – $466.4K
NOI $27,986 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$368.5K
$322.5K – $429.9K
NOI $25,796 @ 7.0% cap · market cap 4.61%
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
817
Businesses Nearby
Explore this area
Business Placement
Demographics for 19116, PA
35,610
Population
14,166
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,848
Density / Sq Mi
$67,558
Median Household Income
$43,817
Median Earnings
$1,214
Median Rent
$321,400
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 - Two-unit duplex with separate utilities and a covered rear patio, currently tenant-occupied.
Where is this duplex located?
The property is located at 426 Parlin Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Two‑unit duplex in Philadelphia, currently tenant‑occupied with tenants staying if desired by the new owner; Separate utilities for each unit; Covered rear patio plus a solid concrete rear yard
