Duplex with Full
New
For Sale
$319,000
4817 N 11TH Street, Philadelphia, PA 19141
Multi-Family, PHILADELPHIA, PA
Property Size1,140 SF
Lot Size0.04 Acres
Price / SF$279.82
Days on Market3
Property Features for 4817 N 11TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
On Street
Subdivision
LOGAN
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,140 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
1293
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1935
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Keller Williams Main Line · Keller Williams Realty
(610) 520-0100
Listed By:
Edgardo Arquitola · License #RS331318
(267) 939-4705
Added: Aug 27
Last Checked: Aug 29 at 6:06AM
MLS# PAPH2664306
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 two vacant residences: one two-bedroom unit and one three-bedroom unit. The layouts include living areas and kitchens, while a full basement adds bedrooms, storage, and utility space. The property was built in 1935 and measures 1,140 square feet on a 0.0351-acre lot. On-street parking serves the property.
The home is located in Philadelphia’s Logan section, near public transportation, shopping, schools, parks, restaurants, hospitals, and major highways. La Salle University, Einstein Medical Center, and Olney Transportation Center are also identified as nearby destinations, supporting access to education, healthcare, and regional transit.
The home is located in Philadelphia’s Logan section, near public transportation, shopping, schools, parks, restaurants, hospitals, and major highways. La Salle University, Einstein Medical Center, and Olney Transportation Center are also identified as nearby destinations, supporting access to education, healthcare, and regional transit.
Key Highlights
- Two vacant units: one 2‑bedroom and one 3‑bedroom residence
- 1,140 square feet on a 0.0351‑acre lot
- Full basement with additional bedrooms, storage, and utility space
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
$19,454
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
6.10%
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%
$389,080
$389.1K
Cap Rate 7%
$277,914
$277.9K
Cap Rate 9%
$216,156
$216.2K
Market Conditions
NOI Build-Up for 1,140 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
$29.4K $25.80/SF
− Vacancy
−$1.6K −$1.42/SF
EGI
$27.8K $24.38/SF
− OpEx
−$8.3K −$7.31/SF
NOI
$19.5K $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%
$389,080
Cap Rate 7%
$277,914
Cap Rate 9%
$216,156
Alternative Uses
Best Use
Multifamily LT 5
$277.9K
$243.2K – $324.2K
NOI $19,454 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$256.2K
$224.2K – $298.9K
NOI $17,932 @ 7.0% cap · market cap 5.62%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,522
Businesses Nearby
Explore this area
Business Placement
Demographics for 19141, PA
31,047
Population
16,290
Households
1.9
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
1.7 sq mi
ZIP Area
18,263
Density / Sq Mi
$42,461
Median Household Income
$34,464
Median Earnings
$1,009
Median Rent
$143,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant units provide separate living areas and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 4817 N 11TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Two vacant units: one 2‑bedroom and one 3‑bedroom residence; 1,140 square feet on a 0.0351‑acre lot; Full basement with additional bedrooms, storage, and utility space
