Corner Two-Unit
For Sale
$254,900
432 S 57TH STREET, Philadelphia, PA 19143
Two-story residential property with two-bedroom living areas and RSA-5 zoning.
Property Size1,696 SF
Price / SF$150.29
Days on Market17
Property Features for 432 S 57TH STREET
General Information
Standard status
Active
Size
1,696 SF
Elevators
No
Property subtype
Duplex
Zoning
RSA-5
Site & Location
Highway Access
No
Road Access
No
Public Transit
Yes
Utilities to Site
No
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Furnished
No
Opportunity Zone
No
Sprinkler System
No
Building Details
Year Built
1920
Buildings
1
Stories
2
Tenancy
Multi
Abandoned
No
Listing Agency:
Keller Williams Main Line
(215) 768-8065
Listed By:
Lisa Yvette Risco · License #RM426248
(215) 768-8065
Source:
Cummingsrealtors
Added: Jul 26
Changed: Aug 11
Last Checked: Aug 11 at 5:57AM
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 Main Line
Investment Insights
Based on property information with market context.
Built in 1920, this 1,696-square-foot corner duplex in Philadelphia is arranged across two floors with a two-bedroom residential unit on each level. The first floor includes a living room, eat-in kitchen, three-piece bathroom, and two bedrooms. Upstairs, a freshly painted unit offers a front room, an open kitchen and dining area, two bedrooms, and a full bathroom.
The property is located near public transportation, shopping, dining, and neighborhood amenities. It carries an RSA-5 zoning designation, while the existing layout has historically supported multi-unit living. Buyers should independently verify zoning, use, and permitting requirements.
The property is located near public transportation, shopping, dining, and neighborhood amenities. It carries an RSA-5 zoning designation, while the existing layout has historically supported multi-unit living. Buyers should independently verify zoning, use, and permitting requirements.
Key Highlights
- 1,696‑square‑foot two‑story duplex
- Two residential levels, each with two bedrooms and a full bathroom
- Corner property at 432 S 57TH STREET, PHILADELPHIA, PA 19143
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
$18,373
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
7.21%
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%
$367,460
$367.5K
Cap Rate 7%
$262,471
$262.5K
Cap Rate 9%
$204,144
$204.1K
Market Conditions
NOI Build-Up for 1,696 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
$28.3K $16.68/SF
− Vacancy
−$2.0K −$1.20/SF
EGI
$26.2K $15.48/SF
− OpEx
−$7.9K −$4.64/SF
NOI
$18.4K $10.83/SF
Area
ZIP 19143
Vacancy
7.22%
Lease Rate
$16.68 /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%
$367,460
Cap Rate 7%
$262,471
Cap Rate 9%
$204,144
Alternative Uses
Best Use
Multifamily LT 5
$262.5K
$229.7K – $306.2K
NOI $18,373 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$233.5K
$204.3K – $272.4K
NOI $16,342 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$581.3K
$508.6K – $678.2K
NOI $40,691 @ 7.0% cap · market cap 15.96%
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
1,874
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value
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 - Two-story residential property with two-bedroom living areas and RSA-5 zoning.
Where is this duplex located?
The property is located at 432 S 57TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: 1,696‑square‑foot two‑story duplex; Two residential levels, each with two bedrooms and a full bathroom; Corner property at 432 S 57TH STREET, PHILADELPHIA, PA 19143
