Turnkey Duplex With Off-Street
For Sale
Under Contract
$229,900
5230 E ROOSEVELT Boulevard, Philadelphia, PA 19124
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,379 SF
Lot Size0.04 Acres
Price / SF$166.72
Days on Market52
Property Features for 5230 E ROOSEVELT Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
1
Parking features
Driveway
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active Under Contract
Size
1,379 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
2360
Utilities
Heating system
Hot Water(Heating)
Amenities
basement access
rear alley access
private off-street parking
attached garage
Building Details
Year built
1925
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
OCF Realty LLC - Philadelphia
(215) 735-7368
Listed By:
Darwin Laureano · License #RS356195
(610) 973-9441
Added: Jun 22
Changed: Aug 3
Last Checked: Aug 12 at 10:06AM
MLS# PAPH2631034
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey duplex at 5230 E Roosevelt Boulevard is fully occupied and configured as a two-unit property. The first-floor unit includes 2 bedrooms and 1 bathroom, with an updated kitchen featuring granite countertops, white shaker-style cabinetry, and stainless steel appliances, plus access to the basement. The second-floor unit provides 1 bedroom and 1 bathroom, with a well-maintained kitchen and stainless steel appliances, and it is supported by a long-term tenant. The second-floor unit is PHA approved, adding an additional layer of tenant eligibility for qualified occupants.
The property includes a private off-street parking space and rear alley access, supporting practical day-to-day entry and servicing. An attached garage was previously rented separately for an additional $200 per month, which may support future revenue opportunities depending on how the space is managed.
For investors or buyers seeking a low-maintenance residential income asset, the current setup includes established tenants and an already-producing rental stream. Reported monthly rental income is $2,330, and the duplex is described as fully leased. With clear unit separation and on-site parking plus alley access, the property’s layout is straightforward to operate as a rental duplex while providing tenants with functional, everyday conveniences.
The property includes a private off-street parking space and rear alley access, supporting practical day-to-day entry and servicing. An attached garage was previously rented separately for an additional $200 per month, which may support future revenue opportunities depending on how the space is managed.
For investors or buyers seeking a low-maintenance residential income asset, the current setup includes established tenants and an already-producing rental stream. Reported monthly rental income is $2,330, and the duplex is described as fully leased. With clear unit separation and on-site parking plus alley access, the property’s layout is straightforward to operate as a rental duplex while providing tenants with functional, everyday conveniences.
Key Highlights
- Fully occupied duplex at 5230 E Roosevelt Blvd with established tenants and current $2,330/month rental income
- Unit mix: 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 = 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
$17,769
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
7.73%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
910
Businesses Nearby
Explore this area
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
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 - Fully leased duplex with two distinct units, updated kitchen amenities, and off-street parking for tenant convenience.
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 at 5230 E Roosevelt Blvd with established tenants and current $2,330/month rental income; Unit mix: first‑floor 2 bed/1 bath and second‑floor 1 bed/1 bath; Second‑floor unit is PHA approved
