Two-Unit Duplex
For Sale
$159,000
Pending
4721 C Street, Philadelphia, PA 19120
Duplex with two independently configured units: a two-bedroom upstairs and a one-bedroom downstairs.
Property Size1,278 SF
Days on Market182
Property Features for 4721 C Street
General Information
Standard status
Pending
Size
1,278 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RSA5
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,090
Amenities
No
2nd Kitchen, Bathroom - Soaking Tub, Bathroom - Walk-In Shower, Breakfast Area, Dining Area, Wood Floors
2+ Access Exits
No Pool
Above Grade, Below Grade
Building Details
Year Built
1942
Stories
2
Listing Agency:
KW Empower
(267) 934-0905
Listed By:
David Zaks · License #RS347456
(267) 934-0905
Source:
Compass
Added: Feb 11
Changed: Aug 8
Last Checked: Jul 22 at 3:27AM
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 KW Empower
Investment Insights
Based on property information with market context.
This duplex property offers two residential units with separate layouts. The top floor apartment includes two bedrooms and one full bathroom, with both a walk-in shower and a tub. The bottom floor unit includes one bedroom and one full bathroom, also featuring a walk-in shower and a tub.
The property is located in Philadelphia in the 19102 MLS area, within the Philadelphia City School District.
Overall, the building is configured as a two-unit duplex with full bathrooms in each unit and bedroom counts split between the upper and lower levels.
The property is located in Philadelphia in the 19102 MLS area, within the Philadelphia City School District.
Overall, the building is configured as a two-unit duplex with full bathrooms in each unit and bedroom counts split between the upper and lower levels.
Key Highlights
- Duplex with two independently configured units: 2‑bedroom upstairs and 1‑bedroom downstairs
- Upstairs unit includes 1 full bathroom with walk‑in shower and soaking tub
- Downstairs unit includes 1 full bathroom with walk‑in shower and soaking tub
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
$13,845
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
8.71%
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%
$276,900
$276.9K
Cap Rate 7%
$197,786
$197.8K
Cap Rate 9%
$153,833
$153.8K
Market Conditions
NOI Build-Up for 1,278 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
$21.3K $16.68/SF
− Vacancy
−$1.5K −$1.20/SF
EGI
$19.8K $15.48/SF
− OpEx
−$5.9K −$4.64/SF
NOI
$13.8K $10.83/SF
Area
ZIP 19120
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%
$276,900
Cap Rate 7%
$197,786
Cap Rate 9%
$153,833
Alternative Uses
Best Use
Multifamily LT 5
$197.8K
$173.1K – $230.8K
NOI $13,845 @ 7.0% cap · market cap 8.71%
Second Best
Apartment 5plus
$175.9K
$153.9K – $205.2K
NOI $12,314 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$305.3K
$267.1K – $356.2K
NOI $21,370 @ 7.0% cap · market cap 13.44%
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
1,029
Businesses Nearby
Explore this area
Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
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 - Duplex with two independently configured units: a two-bedroom upstairs and a one-bedroom downstairs.
Where is this duplex located?
The property is located at 4721 C Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Duplex with two independently configured units: 2‑bedroom upstairs and 1‑bedroom downstairs; Upstairs unit includes 1 full bathroom with walk‑in shower and soaking tub; Downstairs unit includes 1 full bathroom with walk‑in shower and soaking tub
