Renovated Duplex With
For Sale
$299,500
4830 E Roosevelt Boulevard, Philadelphia, PA 19124
Two residential units feature separate utilities, private entrances, and rear off-street parking.
Property Size1,848 SF
Price / SF$162.07
Days on Market98
Property Features for 4830 E Roosevelt Boulevard
General Information
Standard status
Active
Size
1,848 SF
Property subtype
Multi-Family
Building Details
Year Built
1925
Listing Agency:
Wynn Real Estate LLC
Listed By:
Michael Baron · License #RS303507
(267) 784-8480
Source:
Bethsamberg
Added: Jul 17
Changed: Oct 3
Last Checked: Oct 21 at 12:50AM
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 Wynn Real Estate LLC
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Investment Insights
Based on property information with market context.
Built in 1925, this duplex includes two residential units with private entrances and separate utilities. The first unit contains two bedrooms and a basement, while the second spans the second and third floors with two bedrooms on the second floor and one bedroom above. Rear parking accommodates four cars. Improvements include a new roof and bathroom shower renovations completed six months ago.
The property is located at 4830 E Roosevelt Boulevard in Philadelphia, near Walmart, Home Depot, shopping, restaurants, schools, public transportation, and major highways. Its multi-level layout and separate utility setup provide a practical configuration for continued residential occupancy.
The property is located at 4830 E Roosevelt Boulevard in Philadelphia, near Walmart, Home Depot, shopping, restaurants, schools, public transportation, and major highways. Its multi-level layout and separate utility setup provide a practical configuration for continued residential occupancy.
Key Highlights
- Duplex with two residential units and private entrances
- Four‑car rear parking area
- Separate utilities for the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,813
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,260
$476.3K
Cap Rate 7%
$340,186
$340.2K
Cap Rate 9%
$264,589
$264.6K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$36.6K $19.80/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$34.0K $18.41/SF
− OpEx
−$10.2K −$5.52/SF
NOI
$23.8K $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 Rate 5%
$476,260
Cap Rate 7%
$340,186
Cap Rate 9%
$264,589
Alternative Uses
Best Use
Multifamily LT 5
$340.2K
$297.7K – $396.9K
NOI $23,813 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$313.0K
$273.9K – $365.2K
NOI $21,911 @ 7.0% cap · market cap 7.32%
Theoretical Best
Specialty Retail
$1.06M
$930.1K – $1.24M
NOI $74,409 @ 7.0% cap · market cap 24.84%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
914
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature separate utilities, private entrances, and rear off-street parking.
Where is this duplex located?
The property is located at 4830 E Roosevelt Boulevard Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,500.
What are key features of this property?
This property features: Duplex with two residential units and private entrances; Four‑car rear parking area; Separate utilities for the units
