Turn-Key Duplex with Separate
For Sale
$349,000
5227 CATHARINE STREET, Philadelphia, PA 19143
Two-unit duplex with central air, dedicated in-unit laundry, and separate metering for each unit.
Property Size2,010 SF
Price / SF$173.63
Days on Market91
Property Features for 5227 CATHARINE STREET
General Information
Standard status
Active
Size
2,010 SF
Property subtype
Duplex
Amenities
central air
in-unit laundry
full unfinished basement
Building Details
Year Built
1925
Buildings
1
Tenancy
Multi
Listing Agency:
Compass Pennsylvania, LLC
(610) 822-3356
Listed By:
Deidre G Hill · License #RS306138
(267) 603-1226
Source:
Cummingsrealtors
Added: Jun 17
Changed: Sep 14
Last Checked: Sep 14 at 7:42AM
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 turn-key duplex at 5227 Catharine Street offers a straightforward two-unit layout with separate amenities and utilities. Both units have central air and dedicated in-unit laundry. The full unfinished basement is accessed through the 1st floor unit, providing additional storage or potential for future finishing.
The 2nd floor unit is a spacious 2-bedroom, 1-bath apartment currently occupied under a lease that ends March 31, 2027. The 1st floor unit is a 1-bedroom, 1-bath apartment that is currently vacant and was refreshed, giving an owner flexibility to place a tenant or live in one unit while renting the other. Both units are separately metered.
Built in 1925, the property is positioned in West Philadelphia near the 52nd Street shopping and transit corridor, Malcolm X Park, and the Baltimore Avenue corridor.
The 2nd floor unit is a spacious 2-bedroom, 1-bath apartment currently occupied under a lease that ends March 31, 2027. The 1st floor unit is a 1-bedroom, 1-bath apartment that is currently vacant and was refreshed, giving an owner flexibility to place a tenant or live in one unit while renting the other. Both units are separately metered.
Built in 1925, the property is positioned in West Philadelphia near the 52nd Street shopping and transit corridor, Malcolm X Park, and the Baltimore Avenue corridor.
Key Highlights
- Duplex with separate metering for each unit
- Central air and dedicated in‑unit laundry in both units
- 2nd floor unit leased through March 31, 2027
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
$21,774
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
6.24%
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%
$435,480
$435.5K
Cap Rate 7%
$311,057
$311.1K
Cap Rate 9%
$241,933
$241.9K
Market Conditions
NOI Build-Up for 2,010 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
$33.5K $16.68/SF
− Vacancy
−$2.4K −$1.20/SF
EGI
$31.1K $15.48/SF
− OpEx
−$9.3K −$4.64/SF
NOI
$21.8K $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%
$435,480
Cap Rate 7%
$311,057
Cap Rate 9%
$241,933
Alternative Uses
Best Use
Multifamily LT 5
$311.1K
$272.2K – $362.9K
NOI $21,774 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$276.7K
$242.1K – $322.8K
NOI $19,367 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$688.9K
$602.8K – $803.8K
NOI $48,225 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,877
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with central air, dedicated in-unit laundry, and separate metering for each unit.
Where is this duplex located?
The property is located at 5227 CATHARINE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Duplex with separate metering for each unit; Central air and dedicated in‑unit laundry in both units; 2nd floor unit leased through March 31, 2027
