Duplex with Private
For Sale
$349,900
Pending
5121 Willows Avenue, Philadelphia, PA 19143
Two-bedroom, one-bath units with a private rear deck and flexible interior space, offering options for living or renting.
Property Size2,080 SF
Days on Market62
Property Features for 5121 Willows Avenue
General Information
Standard status
Pending
Size
2,080 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RM-1
Additional Details
Multifamily Units
2
Building Details
Year Built
1925
Listing Agency:
Re/Max One Realty
(215) 694-9728
Listed By:
Robert J Wolf · License #AB065938
(215) 694-9728
Source:
Compass
Added: Jun 1
Changed: Jul 10
Last Checked: Jul 24 at 2:27PM
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 One Realty
Investment Insights
Based on property information with market context.
Located at 5121 Willows Avenue in Philadelphia’s Cedar Park section, this duplex offers two separate 2-bedroom, 1-bath units with generous living and dining areas, kitchens, and established floor plans. The second-floor unit is vacant, supporting immediate move-in for an owner-occupant or use as a rental. Interior features include high ceilings, a first-floor sunroom that can function as a home office, den, or third bedroom, and a rear kitchen with access to a private deck overlooking the backyard. The property also includes a full-length basement with abundant storage and additional potential.
The home is positioned just minutes from the University of Pennsylvania and Drexel University and convenient to University City amenities, including Penn Medicine and CHOP. It’s also described as walkable to Clark Park and the Baltimore Avenue dining and shopping corridor, with public transportation access and connectivity toward City Avenue and I-76/I-95.
Zoned RM-1, the property may be of interest to buyers looking for a live-in layout with rental income flexibility, as well as those who want to review potential future expansion or development possibilities as allowed by local requirements, subject to buyer due diligence. This combination of configuration, vacancy timing, and neighborhood access supports a practical range of owner and investor use cases.
The home is positioned just minutes from the University of Pennsylvania and Drexel University and convenient to University City amenities, including Penn Medicine and CHOP. It’s also described as walkable to Clark Park and the Baltimore Avenue dining and shopping corridor, with public transportation access and connectivity toward City Avenue and I-76/I-95.
Zoned RM-1, the property may be of interest to buyers looking for a live-in layout with rental income flexibility, as well as those who want to review potential future expansion or development possibilities as allowed by local requirements, subject to buyer due diligence. This combination of configuration, vacancy timing, and neighborhood access supports a practical range of owner and investor use cases.
Key Highlights
- 2,080 SF duplex built in 1925 with two 2‑bedroom, 1‑bath units
- Second‑floor unit is vacant, offering flexibility for owner‑occupancy or rental income
- Rear kitchen opens to a private deck overlooking the backyard
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.7k | $16.68 |
| − Vacancy | −$2.5k | −$1.20 |
| EGI | $32.2k | $15.48 |
| − OpEx | −$9.7k | −$4.64 |
| NOI | $22.5k | $10.83 |
2,080 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$321.9K
$281.7K – $375.6K
NOI $22,533 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$286.3K
$250.5K – $334.0K
NOI $20,042 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$712.9K
$623.8K – $831.7K
NOI $49,904 @ 7.0% cap · market cap 14.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,914
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
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-bedroom, one-bath units with a private rear deck and flexible interior space, offering options for living or renting.
Where is this duplex located?
The property is located at 5121 Willows Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2,080 SF duplex built in 1925 with two 2‑bedroom, 1‑bath units; Second‑floor unit is vacant, offering flexibility for owner‑occupancy or rental income; Rear kitchen opens to a private deck overlooking the backyard
