Updated Duplex with Rental
For Sale
$280,000
4684 HAWTHORNE Street, Philadelphia, PA 19124
Multi-Family, PHILADELPHIA, PA
Property Size1,582 SF
Lot Size0.05 Acres
Price / SF$176.99
Days on Market97
Property Features for 4684 HAWTHORNE Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Subdivision
FRANKFORD
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,582 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
2593
Utilities
Heating system
Other (Heating)
Building Details
Year built
1925
Number of units
2
Building materials
Masonry
Architectural style
Colonial
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Valeriya Moroz · License #RS365495
(267) 269-3899
Added: Jun 10
Changed: Aug 19
Last Checked: Sep 14 at 1:06PM
MLS# PAPH2631502
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 Philadelphia duplex contains 1,582 square feet on a 0.0505-acre lot. The larger unit offers four bedrooms and one full bath, while the second provides two bedrooms and one full bath. A basement is included, and the property has masonry construction with a Colonial architectural style.
Capital improvements completed in 2022 include the roof, siding, and central air conditioning. The second unit is tenant-occupied under a lease with two years remaining. On-street parking is available at the property, which was built in 1925 and is located at 4684 Hawthorne Street in Philadelphia, Pennsylvania.
Capital improvements completed in 2022 include the roof, siding, and central air conditioning. The second unit is tenant-occupied under a lease with two years remaining. On-street parking is available at the property, which was built in 1925 and is located at 4684 Hawthorne Street in Philadelphia, Pennsylvania.
Key Highlights
- Two‑unit duplex with 4‑bedroom and 2‑bedroom layouts
- 1,582 square feet on a 0.0505‑acre lot
- Roof, siding, and central air conditioning replaced in 2022
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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - One unit is leased with two years remaining, while both apartments include one full bath.
Where is this duplex located?
The property is located at 4684 HAWTHORNE Street 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 layouts; 1,582 square feet on a 0.0505‑acre lot; Roof, siding, and central air conditioning replaced in 2022
