Two-Unit Stone
New
For Sale
$560,000
4541 MANAYUNK AVENUE, Philadelphia, PA 19128
Separate entrances serve a first-floor apartment and a three-bedroom residence on the upper two levels.
Property Size2,467 SF
Price / SF$226
Days on Market4
Property Features for 4541 MANAYUNK AVENUE
General Information
Standard status
Active
Size
2,467 SF
Property subtype
Duplex
Building Details
Year Built
1930
Listing Agency:
BHHS Fox & Roach-Blue Bell
(215) 542-2200
Listed By:
Nicholas Solomon · License #RS360856
(610) 393-8814
Source:
Cummingsrealtors
Added: Sep 29
Changed: Oct 1
Last Checked: Oct 1 at 11:25AM
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 BHHS Fox & Roach-Blue Bell
Investment Insights
Based on property information with market context.
Built in 1930, this 2,467-square-foot stone duplex contains two apartments with separate entrances. The first-floor unit has two bedrooms, one full bath, living and dining rooms, a kitchen, and access to the backyard; it also includes basement laundry and storage. The upper residence spans the second and third floors, with three bedrooms, one full bath, a powder room, living and dining rooms, a kitchen, and in-unit laundry. Both kitchens and the electrical systems were updated in 2018. The property also has replacement roofs, separate 100-amp panels for each apartment, and a chimney liner installed in 2025.
At 4541 Manayunk Avenue in Philadelphia, the property is a short walk from Main Street and the Manayunk/Norristown Regional Rail station. I-76 is accessible via Green Lane, and the Schuylkill River Trail, Manayunk Bridge Trail, and Gorgas Park are nearby.
At 4541 Manayunk Avenue in Philadelphia, the property is a short walk from Main Street and the Manayunk/Norristown Regional Rail station. I-76 is accessible via Green Lane, and the Schuylkill River Trail, Manayunk Bridge Trail, and Gorgas Park are nearby.
Key Highlights
- Two apartments total: a two‑bedroom first‑floor unit and a three‑bedroom upper unit
- 2,467 square feet in a stone building constructed in 1930
- Separate entrances; first‑floor apartment has private backyard access
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
$42,099
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
7.52%
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%
$841,980
$842.0K
Cap Rate 7%
$601,414
$601.4K
Cap Rate 9%
$467,767
$467.8K
Market Conditions
NOI Build-Up for 2,467 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
$63.6K $25.80/SF
− Vacancy
−$3.5K −$1.42/SF
EGI
$60.1K $24.38/SF
− OpEx
−$18.0K −$7.31/SF
NOI
$42.1K $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%
$841,980
Cap Rate 7%
$601,414
Cap Rate 9%
$467,767
Alternative Uses
Best Use
Multifamily LT 5
$601.4K
$526.2K – $701.7K
NOI $42,099 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$554.4K
$485.1K – $646.8K
NOI $38,805 @ 7.0% cap · market cap 6.93%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,474
Businesses Nearby
Explore this area
Business Placement
Demographics for 19128, PA
36,808
Population
19,006
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
5,258
Density / Sq Mi
$89,639
Median Household Income
$64,861
Median Earnings
$1,563
Median Rent
$330,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances serve a first-floor apartment and a three-bedroom residence on the upper two levels.
Where is this duplex located?
The property is located at 4541 MANAYUNK AVENUE 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 apartments total: a two‑bedroom first‑floor unit and a three‑bedroom upper unit; 2,467 square feet in a stone building constructed in 1930; Separate entrances; first‑floor apartment has private backyard access
