Duplex with Original Hardwood
For Sale
$579,500
4949 HAZEL Avenue, Philadelphia, PA 19143
Multi-Family, PHILADELPHIA, PA
Property Size2,304 SF
Lot Size0.05 Acres
Price / SF$251.52
Days on Market51
Property Features for 4949 HAZEL Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Subdivision
UNIVERSITY CITY
Elementary school
LEA HENRY
Middle school
LEA HENRY
High school
SAYRE
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
2,304 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5659
Utilities
Heating system
Hot Water(Heating)
Cooling system
Wall Unit(s)
Amenities
covered front porch
shared outdoor area
deck/yard
in-unit laundry
dishwashers
Building Details
Year built
1925
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Houwzer, LLC
(267) 765-2080
Listed By:
Frederick A. Altieri · License #RS346080
(610) 550-9271
Added: Aug 13
Changed: Sep 15
Last Checked: Oct 2 at 5:06AM
MLS# PAPH2658000
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 2,304-square-foot duplex is a masonry twin built in 1925, with two multi-bedroom, multi-bathroom units. Original hardwood floors, 9-foot ceilings, in-unit laundry, and dishwashers combine period character with practical household features. A covered front porch and shared deck and yard extend the usable living area outdoors. Wall unit cooling and hot water heating serve the property, while parking is available on the street.
The property is located at 4949 Hazel Avenue in Philadelphia’s Cedar Park area, two blocks from Baltimore Avenue. Nearby destinations identified for the property include Mariposa Food Co-op, Dock Street Brewery, Fu-Wah Deli, Clark Park, and a local farmers’ market. The University of Pennsylvania is approximately a 7-minute bike ride or 10-minute trolley ride away, with 30th Street Station and Center City farther along the route. The tenant in Unit B is scheduled to move out in December 2026.
The property is located at 4949 Hazel Avenue in Philadelphia’s Cedar Park area, two blocks from Baltimore Avenue. Nearby destinations identified for the property include Mariposa Food Co-op, Dock Street Brewery, Fu-Wah Deli, Clark Park, and a local farmers’ market. The University of Pennsylvania is approximately a 7-minute bike ride or 10-minute trolley ride away, with 30th Street Station and Center City farther along the route. The tenant in Unit B is scheduled to move out in December 2026.
Key Highlights
- 2,304‑square‑foot duplex on a 0.0518‑acre lot
- Built in 1925 with masonry construction and original hardwood floors
- Two multi‑bedroom, multi‑bathroom units with 9‑foot ceilings
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
$24,959
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
4.31%
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%
$499,180
$499.2K
Cap Rate 7%
$356,557
$356.6K
Cap Rate 9%
$277,322
$277.3K
Market Conditions
NOI Build-Up for 2,304 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
$38.4K $16.68/SF
− Vacancy
−$2.8K −$1.20/SF
EGI
$35.7K $15.48/SF
− OpEx
−$10.7K −$4.64/SF
NOI
$25.0K $10.83/SF
Area
ZIP 19143
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%
$499,180
Cap Rate 7%
$356,557
Cap Rate 9%
$277,322
Alternative Uses
Best Use
Multifamily LT 5
$356.6K
$312.0K – $416.0K
NOI $24,959 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$317.1K
$277.5K – $370.0K
NOI $22,200 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$789.7K
$691.0K – $921.3K
NOI $55,278 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,335
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Masonry two-unit property with in-unit laundry, dishwashers, and shared outdoor space.
Where is this duplex located?
The property is located at 4949 HAZEL Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $579,500.
What are key features of this property?
This property features: 2,304‑square‑foot duplex on a 0.0518‑acre lot; Built in 1925 with masonry construction and original hardwood floors; Two multi‑bedroom, multi‑bathroom units with 9‑foot ceilings
