Two-Unit Duplex with
New
For Sale
$150,000
522 W SOMERVILLE AVENUE, Philadelphia, PA 19120
Renovation-ready duplex with separate gas and electric utilities, a porch, and rear yard.
Property Size1,260 SF
Price / SF$119.05
Days on Market4
Property Features for 522 W SOMERVILLE AVENUE
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
ready for renovation
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Amenities
basement
front porch
rear yard
Building Details
Year Built
1940
Buildings
1
Listing Agency:
Tesla Realty Group, LLC
(844) 837-5274
Listed By:
Steve Burke Jr. · License #RS337988
(267) 471-0443
Source:
Cummingsrealtors
Added: Sep 16
Changed: Sep 18
Last Checked: Sep 18 at 2:37PM
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 Tesla Realty Group, LLC
Investment Insights
Based on property information with market context.
This 1,260-square-foot duplex, built in 1940, is configured with a one-bedroom first-floor unit and a two-bedroom upper unit. The property is being sold in its current condition and offers a basement with very high ceilings, a front porch, and a rear yard. Separate gas and electric utilities serve the two-unit property.
Located at 522 W Somerville Avenue in Philadelphia, the property is near shopping, stores, public transportation, and other neighborhood amenities. The layout and existing features provide a defined starting point for renovation.
Located at 522 W Somerville Avenue in Philadelphia, the property is near shopping, stores, public transportation, and other neighborhood amenities. The layout and existing features provide a defined starting point for renovation.
Key Highlights
- 1,260‑square‑foot duplex built in 1940
- First‑floor unit has 1 bedroom and a kitchen
- Second‑floor unit includes 2 bedrooms
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
$13,650
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
9.10%
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%
$273,000
$273.0K
Cap Rate 7%
$195,000
$195.0K
Cap Rate 9%
$151,667
$151.7K
Market Conditions
NOI Build-Up for 1,260 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
$21.0K $16.68/SF
− Vacancy
−$1.5K −$1.20/SF
EGI
$19.5K $15.48/SF
− OpEx
−$5.8K −$4.64/SF
NOI
$13.6K $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%
$273,000
Cap Rate 7%
$195,000
Cap Rate 9%
$151,667
Alternative Uses
Best Use
Multifamily LT 5
$195.0K
$170.6K – $227.5K
NOI $13,650 @ 7.0% cap · market cap 9.10%
Second Best
Apartment 5plus
$173.4K
$151.8K – $202.4K
NOI $12,141 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$301.0K
$263.4K – $351.2K
NOI $21,069 @ 7.0% cap · market cap 14.05%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,686
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Renovation-ready duplex with separate gas and electric utilities, a porch, and rear yard.
Where is this duplex located?
The property is located at 522 W SOMERVILLE AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1,260‑square‑foot duplex built in 1940; First‑floor unit has 1 bedroom and a kitchen; Second‑floor unit includes 2 bedrooms
