Duplex with Finished
New
For Sale
$299,900
4609 VAN KIRK Street, Philadelphia, PA 19135
Multi-Family, PHILADELPHIA, PA
Property Size1,280 SF
Lot Size0.06 Acres
Price / SF$234.30
Days on Market4
Property Features for 4609 VAN KIRK Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
Driveway
Appliances
Oven/Range - Electric, Stainless Steel Appliances, Refrigerator, Washer, Dryer - Electric, Dishwasher
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,280 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
3328
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1920
Number of units
2
Building materials
Masonry
Architectural style
Colonial
Listing Agency:
Keller Williams Realty Devon-Wayne
(610) 647-8300
Listed By:
Blerina Kotarja · License #RS377586
(215) 900-1693
Added: Sep 24
Last Checked: Sep 27 at 2:06PM
MLS# PAPH2672634
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 masonry duplex contains 1,280 square feet across two two-bedroom residences. The first-floor apartment includes a living room, kitchen, full bathroom, and finished basement, with access to the backyard. The upper-floor unit has a separate entrance and also includes a living room, kitchen, and full bathroom. Electric baseboard heat and window-unit cooling serve the property; appliances include an electric range, refrigerator, dishwasher, washer, and electric dryer. Built in 1920, the Colonial-style building sits on a 0.0597-acre lot and has driveway parking.
The property is near I-95 northbound and southbound, other major roads, shopping, and public transportation.
The property is near I-95 northbound and southbound, other major roads, shopping, and public transportation.
Key Highlights
- Two‑unit duplex with 1,280 square feet
- Both apartments have two bedrooms, a living room, kitchen, and full bathroom
- Finished basement in the first‑floor apartment, with 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
$21,843
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
7.28%
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%
$436,860
$436.9K
Cap Rate 7%
$312,043
$312.0K
Cap Rate 9%
$242,700
$242.7K
Market Conditions
NOI Build-Up for 1,280 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
$33.0K $25.80/SF
− Vacancy
−$1.8K −$1.42/SF
EGI
$31.2K $24.38/SF
− OpEx
−$9.4K −$7.31/SF
NOI
$21.8K $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%
$436,860
Cap Rate 7%
$312,043
Cap Rate 9%
$242,700
Alternative Uses
Best Use
Multifamily LT 5
$312.0K
$273.0K – $364.1K
NOI $21,843 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$287.6K
$251.7K – $335.6K
NOI $20,134 @ 7.0% cap · market cap 6.71%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
888
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom apartments share driveway parking, while the upper-floor residence has its own entrance.
Where is this duplex located?
The property is located at 4609 VAN KIRK Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,280 square feet; Both apartments have two bedrooms, a living room, kitchen, and full bathroom; Finished basement in the first‑floor apartment, with backyard access
