Duplex with CMX2
For Sale
$185,000
4904 North Front Street, Philadelphia, PA 19120
Two-unit property near public transportation and neighborhood shopping, with one unit occupied by two paying tenants.
Property Size1,332 SF
Price / SF$138.89
Days on Market214
Property Features for 4904 North Front Street
General Information
Standard status
Active
Size
1,332 SF
Property subtype
Multi-Family / Fee Simple
Zoning
CMX2
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,947
Amenities
Doors - Lever Handle(s)
No Pool
Above Grade
Building Details
Year Built
1930
Listing Agency:
EXP Realty, LLC
Listed By:
Maurice W Rollins · License #RS307297
(267) 650-7015
Source:
Compass
Added: Feb 5
Changed: Aug 31
Last Checked: Aug 29 at 7:02PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This 1930-built duplex contains 1,332 square feet and is zoned CMX2. The property includes two residential units, with one unit under professional management and occupied by two paying tenants. Above-grade construction and lever-handle doors are among the recorded property features.
Located at 4904 North Front Street in Philadelphia’s 19120 area, the property sits near public transportation and neighborhood shopping. Its two-unit configuration provides a residential income profile with an existing occupancy arrangement in one unit.
Located at 4904 North Front Street in Philadelphia’s 19120 area, the property sits near public transportation and neighborhood shopping. Its two-unit configuration provides a residential income profile with an existing occupancy arrangement in one unit.
Key Highlights
- Duplex with 2 residential units
- 1,332 square feet of property size
- CMX2 zoning
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
$14,430
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
7.80%
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%
$288,600
$288.6K
Cap Rate 7%
$206,143
$206.1K
Cap Rate 9%
$160,333
$160.3K
Market Conditions
NOI Build-Up for 1,332 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
$22.2K $16.68/SF
− Vacancy
−$1.6K −$1.20/SF
EGI
$20.6K $15.48/SF
− OpEx
−$6.2K −$4.64/SF
NOI
$14.4K $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%
$288,600
Cap Rate 7%
$206,143
Cap Rate 9%
$160,333
Alternative Uses
Best Use
Multifamily LT 5
$206.1K
$180.4K – $240.5K
NOI $14,430 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$183.3K
$160.4K – $213.9K
NOI $12,834 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$318.2K
$278.4K – $371.2K
NOI $22,273 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,574
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 - Two-unit property near public transportation and neighborhood shopping, with one unit occupied by two paying tenants.
Where is this duplex located?
The property is located at 4904 North Front Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Duplex with 2 residential units; 1,332 square feet of property size; CMX2 zoning
