Updated Duplex with
For Sale
$299,500
4832 E ROOSEVELT BLVD., Philadelphia, PA 19124
Multi-Family, PHILADELPHIA, PA
Property Size1,848 SF
Price / SF$162.07
Days on Market96
Property Features for 4832 E ROOSEVELT BLVD.
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
2
Parking features
Garage - Attached
Subdivision
SUMMERDALE
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
1,848 SF
Taxes and HOA fees
Tax Annual Amount
3626
Utilities
Heating system
Central
Amenities
private entrances
yard
Building Details
Year built
1925
Number of units
2
Building materials
Brick, Stucco
Architectural style
Other
Listing Agency:
Wynn Real Estate LLC
(215) 938-1777
Listed By:
Michael Baron · License #RS303507
(267) 784-8480
Added: Jun 19
Changed: Sep 3
Last Checked: Sep 22 at 3:06PM
MLS# PAPH2639304
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 1,848-square-foot duplex, built in 1925, offers two residential units with private entrances and separate utilities. Recent property improvements include a new roof, updated kitchens and bathrooms, new windows, and new floors. The building combines brick and stucco construction with central heating, while attached garage parking and a yard add practical site features.
The property is in Philadelphia, PA 19124, near shopping, restaurants, schools, public transportation, and major highways. Its two-unit configuration supports both rental use and an owner-occupant arrangement, with each unit separately accessed. The existing garages, off-street parking, and yard provide additional functionality beyond the interior living spaces.
The property is in Philadelphia, PA 19124, near shopping, restaurants, schools, public transportation, and major highways. Its two-unit configuration supports both rental use and an owner-occupant arrangement, with each unit separately accessed. The existing garages, off-street parking, and yard provide additional functionality beyond the interior living spaces.
Key Highlights
- 1,848‑square‑foot duplex with two residential units
- Separate utilities and private entrances for both units
- New roof, kitchens, bathrooms, windows, and floors
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
$23,813
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
7.95%
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%
$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
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
$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 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%
$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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
914
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
View Realmo Analytics
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 spacious units feature private entrances, separate utilities, and off-street parking.
Where is this duplex located?
The property is located at 4832 E ROOSEVELT BLVD. 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: 1,848‑square‑foot duplex with two residential units; Separate utilities and private entrances for both units; New roof, kitchens, bathrooms, windows, and floors
