Turnkey Duplex with Off-Street
For Sale
$229,900
5230 E Roosevelt Boulevard, Philadelphia, PA 19124
Fully occupied duplex with two separate units, off-street parking, and rear alley access.
Property Size1,379 SF
Price / SF$166.72
Days on Market112
Property Features for 5230 E Roosevelt Boulevard
General Information
Standard status
Active
Size
1,379 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Crescentville
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1925
Listing Agency:
OCF Realty LLC - Philadelphia
Listed By:
Darwin Laureano · License #RS356195
(484) 955-4811
Source:
Bethsamberg
Added: Jul 12
Changed: Oct 25
Last Checked: Oct 7 at 2:51PM
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 OCF Realty LLC - Philadelphia
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Investment Insights
Based on property information with market context.
This turnkey duplex is fully occupied and designed for low-maintenance rental operations. The first-floor unit includes two bedrooms and one bathroom, with an updated kitchen featuring granite countertops, white shaker-style cabinetry, stainless steel appliances, and access to the basement. The second-floor unit offers one bedroom and one bathroom, a well-maintained kitchen, stainless steel appliances, and is currently leased with a long-term tenant in place.
Additional practical amenities include rear alley access and a private off-street parking space. An attached garage previously rented separately for additional income, and the second-floor unit is PHA approved, supporting housing program compatibility.
The property is listed in Philadelphia County (MLS Area 19124) within the Philadelphia City School District.
Additional practical amenities include rear alley access and a private off-street parking space. An attached garage previously rented separately for additional income, and the second-floor unit is PHA approved, supporting housing program compatibility.
The property is listed in Philadelphia County (MLS Area 19124) within the Philadelphia City School District.
Key Highlights
- Fully occupied duplex with established tenants and current rental income of $2,330 per month
- Two‑unit layout: first‑floor 2 bed/1 bath and second‑floor 1 bed/1 bath
- Second‑floor unit is PHA approved
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,769
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,380
$355.4K
Cap Rate 7%
$253,843
$253.8K
Cap Rate 9%
$197,433
$197.4K
Market Conditions
NOI Build-Up for 1,379 SF
Gross rent
$27.3K $19.80/SF
− Vacancy
−$1.9K −$1.39/SF
EGI
$25.4K $18.41/SF
− OpEx
−$7.6K −$5.52/SF
NOI
$17.8K $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%
$355,380
Cap Rate 7%
$253,843
Cap Rate 9%
$197,433
Alternative Uses
Best Use
Multifamily LT 5
$253.8K
$222.1K – $296.2K
NOI $17,769 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$233.6K
$204.4K – $272.5K
NOI $16,350 @ 7.0% cap · market cap 7.11%
Theoretical Best
Specialty Retail
$793.2K
$694.1K – $925.4K
NOI $55,525 @ 7.0% cap · market cap 24.15%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
910
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with two separate units, off-street parking, and rear alley access.
Where is this duplex located?
The property is located at 5230 E Roosevelt Boulevard Philadelphia, PA.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Fully occupied duplex with established tenants and current rental income of $2,330 per month; Two‑unit layout: first‑floor 2 bed/1 bath and second‑floor 1 bed/1 bath; Second‑floor unit is PHA approved
