Well-Maintained Duplex with Two
For Sale
$185,465
4811 DARRAH STREET, Philadelphia, PA 19124
Duplex includes two one-bedroom, one-bath units, with one vacant and the other on a month-to-month lease.
Property Size908 SF
Days on Market69
Property Features for 4811 DARRAH STREET
General Information
Standard status
Active
Size
908 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,954
Building Details
Building Size
908 SF
Year Built
1925
Listing Agency:
KW Empower
Listed By:
Jose Correa · License #RS328173
(267) 225-4432
Source:
Lizclarkrealestate
Added: Jul 2
Changed: Sep 8
Last Checked: Sep 8 at 10:53AM
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 well-maintained duplex offers two separate 1-bedroom, 1-bath units. One unit is currently vacant, providing flexibility for an owner-occupant or for immediate leasing. The second unit is occupied on a month-to-month timeframe.
The property is located in Philadelphia within MLS Area 19124, served by the Philadelphia City School District.
As presented, the duplex’s current configuration supports both owner-occupancy and rental income, with transition flexibility tied to the month-to-month occupancy of the second unit.
The property is located in Philadelphia within MLS Area 19124, served by the Philadelphia City School District.
As presented, the duplex’s current configuration supports both owner-occupancy and rental income, with transition flexibility tied to the month-to-month occupancy of the second unit.
Key Highlights
- Duplex with two 1‑bedroom, 1‑bath units
- One unit is vacant for an owner‑occupant or immediate lease
- Second unit is occupied on a month‑to‑month timeframe
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
$11,700
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
6.31%
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%
$234,000
$234.0K
Cap Rate 7%
$167,143
$167.1K
Cap Rate 9%
$130,000
$130.0K
Market Conditions
NOI Build-Up for 908 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
$18.0K $19.80/SF
− Vacancy
−$1.3K −$1.39/SF
EGI
$16.7K $18.41/SF
− OpEx
−$5.0K −$5.52/SF
NOI
$11.7K $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%
$234,000
Cap Rate 7%
$167,143
Cap Rate 9%
$130,000
Alternative Uses
Best Use
Multifamily LT 5
$167.1K
$146.3K – $195.0K
NOI $11,700 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$153.8K
$134.6K – $179.4K
NOI $10,766 @ 7.0% cap · market cap 5.80%
Theoretical Best
Specialty Retail
$522.3K
$457.0K – $609.3K
NOI $36,560 @ 7.0% cap · market cap 19.71%
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
1,604
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 - Duplex includes two one-bedroom, one-bath units, with one vacant and the other on a month-to-month lease.
Where is this duplex located?
The property is located at 4811 DARRAH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $185,465.
What are key features of this property?
This property features: Duplex with two 1‑bedroom, 1‑bath units; One unit is vacant for an owner‑occupant or immediate lease; Second unit is occupied on a month‑to‑month timeframe
