Duplex with Natural
For Sale
$199,900
5106 PENN ST, Philadelphia, PA 19124
Two-unit property with RSA5 zoning, on-street parking, and access to shops and transportation along Frankford Avenue.
Property Size1,416 SF
Price / SF$141.17
Days on Market94
Property Features for 5106 PENN ST
General Information
Standard status
Active
Size
1,416 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Kensington
Listing Agency:
RE/MAX Select Group
(215) 335-6900
Listed By:
Marco A Troche · License #RS309601
(267) 255-8132
Source:
Cathyshometeam
Added: Aug 2
Changed: Oct 26
Last Checked: Nov 1 at 5:11AM
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 RE/MAX Select Group
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Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains 1,416 square feet and is configured as a two-unit residential income property. The building features natural gas service, a concrete perimeter foundation, and no pool. The parcel measures 15.00 x 87.00 feet, or 0.03 acres, and includes on-street parking.
Located at 5106 Penn Street in Philadelphia, the property is near shops along Frankford Avenue and major transportation. The surrounding area is also experiencing ongoing community improvements. RSA5 zoning supports the property’s identified duplex classification.
Located at 5106 Penn Street in Philadelphia, the property is near shops along Frankford Avenue and major transportation. The surrounding area is also experiencing ongoing community improvements. RSA5 zoning supports the property’s identified duplex classification.
Key Highlights
- Two‑unit duplex with 1,416 square feet
- RSA5 zoning
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,246
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,920
$364.9K
Cap Rate 7%
$260,657
$260.7K
Cap Rate 9%
$202,733
$202.7K
Market Conditions
NOI Build-Up for 1,416 SF
Gross rent
$28.0K $19.80/SF
− Vacancy
−$2.0K −$1.39/SF
EGI
$26.1K $18.41/SF
− OpEx
−$7.8K −$5.52/SF
NOI
$18.2K $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%
$364,920
Cap Rate 7%
$260,657
Cap Rate 9%
$202,733
Alternative Uses
Best Use
Multifamily LT 5
$260.7K
$228.1K – $304.1K
NOI $18,246 @ 7.0% cap · market cap 9.13%
Second Best
Apartment 5plus
$239.8K
$209.9K – $279.8K
NOI $16,789 @ 7.0% cap · market cap 8.40%
Theoretical Best
Specialty Retail
$814.5K
$712.7K – $950.3K
NOI $57,015 @ 7.0% cap · market cap 28.52%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,304
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with RSA5 zoning, on-street parking, and access to shops and transportation along Frankford Avenue.
Where is this duplex located?
The property is located at 5106 PENN ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,416 square feet; RSA5 zoning; Built in 1920
