Updated Two-Unit
For Sale
$190,000
4952 HAWTHORNE STREET, Philadelphia, PA 19124
Two occupied one-bedroom units share a full unfinished basement and enclosed front porch.
Property Size1,472 SF
Price / SF$129.08
Days on Market15
Property Features for 4952 HAWTHORNE STREET
General Information
Standard status
Active
Size
1,472 SF
Property subtype
Duplex
Building Details
Year Built
1965
Listing Agency:
Compass Pennsylvania, LLC
(610) 931-5027
Listed By:
Jaimee L Smith · License #AB069165
(610) 931-5027
Source:
Cummingsrealtors
Added: Jul 28
Changed: Aug 11
Last Checked: Aug 11 at 6:37AM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
This 1965 duplex contains two one-bedroom residences, providing a straightforward two-unit configuration. Both apartments are occupied, and residents pay gas and electric; water service is owner-paid with a flat tenant charge. The property includes a full unfinished basement with first-floor access and a shared enclosed front porch.
Major building systems have been updated, including an 80,000 BTU boiler installed in 2026, mini-split heating and air-conditioning units throughout from 2024, and a tar roof completed in 2024. Plumbing work in 2024 and 2026 addressed the interior cast-iron sewer lines, P-trap, and main lateral line. Additional improvements include new main gas and water shutoff valves in 2026, refreshed downstairs bathroom fixtures, an upstairs refrigerator from 2023, and a 2022 electric range with built-in air frying. The property is located near I-95, Roosevelt Boulevard, and SEPTA train and bus routes.
Major building systems have been updated, including an 80,000 BTU boiler installed in 2026, mini-split heating and air-conditioning units throughout from 2024, and a tar roof completed in 2024. Plumbing work in 2024 and 2026 addressed the interior cast-iron sewer lines, P-trap, and main lateral line. Additional improvements include new main gas and water shutoff valves in 2026, refreshed downstairs bathroom fixtures, an upstairs refrigerator from 2023, and a 2022 electric range with built-in air frying. The property is located near I-95, Roosevelt Boulevard, and SEPTA train and bus routes.
Key Highlights
- Two one‑bedroom units, both occupied
- 80,000 BTU boiler installed in 2026
- Mini‑split heat and A/C units throughout added in 2024
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
$17,453
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
9.19%
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%
$349,060
$349.1K
Cap Rate 7%
$249,329
$249.3K
Cap Rate 9%
$193,922
$193.9K
Market Conditions
NOI Build-Up for 1,472 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
$34.3K $23.28/SF
− Vacancy
−$2.5K −$1.72/SF
EGI
$31.7K $21.56/SF
− OpEx
−$14.3K −$9.70/SF
NOI
$17.5K $11.86/SF
Area
ZIP 19124
Vacancy
7.40%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$349,060
Cap Rate 7%
$249,329
Cap Rate 9%
$193,922
Alternative Uses
Best Use
Multifamily LT 5
$271.0K
$237.1K – $316.1K
NOI $18,968 @ 7.0% cap · market cap 9.98%
Second Best
Apartment 5plus
$249.3K
$218.2K – $290.9K
NOI $17,453 @ 7.0% cap · market cap 9.19%
Theoretical Best
Specialty Retail
$846.7K
$740.9K – $987.8K
NOI $59,270 @ 7.0% cap · market cap 31.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,586
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
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 occupied one-bedroom units share a full unfinished basement and enclosed front porch.
Where is this duplex located?
The property is located at 4952 HAWTHORNE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Two one‑bedroom units, both occupied; 80,000 BTU boiler installed in 2026; Mini‑split heat and A/C units throughout added in 2024
