Updated Duplex with Rental
For Sale
$280,000
4684 Hawthorne St, Philadelphia, PA 19124
Two-unit residential property with recent exterior and mechanical improvements, plus an occupied unit under a remaining lease term.
Property Size1,582 SF
Price / SF$176.99
Days on Market10
Property Features for 4684 Hawthorne St
General Information
Standard status
Active
Size
1,582 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 4BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1925
Year Renovated
2022
Listing Agency:
Realty Mark Associates
Listed By:
Valeriya Moroz · License #RS365495
(267) 269-3899
Source:
Bethsamberg
Added: Aug 26
Changed: Aug 29
Last Checked: Sep 4 at 8:30AM
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 Realty Mark Associates
Investment Insights
Based on property information with market context.
This duplex, built in 1925, contains two residential units with distinct bedroom and bathroom configurations. The larger unit has 4 bedrooms and 1 full bath, while the second includes 2 bedrooms and 1 full bath. Recent work includes a roof replacement, new siding, and installation of new central air conditioning, all completed in 2022.
The smaller unit is tenant-occupied and has two years remaining on its lease. The property is near shopping, dining, schools, parks, and major commuter routes, providing access to everyday services and transportation connections. The two-unit layout supports either continued rental use or an owner-occupant arrangement with a separate leased residence.
The smaller unit is tenant-occupied and has two years remaining on its lease. The property is near shopping, dining, schools, parks, and major commuter routes, providing access to everyday services and transportation connections. The two-unit layout supports either continued rental use or an owner-occupant arrangement with a separate leased residence.
Key Highlights
- Two‑unit duplex with 4‑bedroom and 2‑bedroom residences
- Larger unit includes 4 bedrooms and 1 full bath
- Second unit offers 2 bedrooms and 1 full bath
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
$20,385
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%
$407,700
$407.7K
Cap Rate 7%
$291,214
$291.2K
Cap Rate 9%
$226,500
$226.5K
Market Conditions
NOI Build-Up for 1,582 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
$31.3K $19.80/SF
− Vacancy
−$2.2K −$1.39/SF
EGI
$29.1K $18.41/SF
− OpEx
−$8.7K −$5.52/SF
NOI
$20.4K $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%
$407,700
Cap Rate 7%
$291,214
Cap Rate 9%
$226,500
Alternative Uses
Best Use
Multifamily LT 5
$291.2K
$254.8K – $339.8K
NOI $20,385 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$268.0K
$234.5K – $312.6K
NOI $18,757 @ 7.0% cap · market cap 6.70%
Theoretical Best
Specialty Retail
$910.0K
$796.2K – $1.06M
NOI $63,699 @ 7.0% cap · market cap 22.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,785
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
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 recent exterior and mechanical improvements, plus an occupied unit under a remaining lease term.
Where is this duplex located?
The property is located at 4684 Hawthorne St Philadelphia, PA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two‑unit duplex with 4‑bedroom and 2‑bedroom residences; Larger unit includes 4 bedrooms and 1 full bath; Second unit offers 2 bedrooms and 1 full bath
