Turnkey Duplex with Off-Street
For Sale
$229,900
Pending
5230 East Roosevelt Boulevard, Philadelphia, PA 19124
Fully occupied duplex with two separate units, off-street parking, and rear alley access.
Property Size1,379 SF
Days on Market69
Property Features for 5230 East Roosevelt Boulevard
General Information
Standard status
Pending
Size
1,379 SF
Total Parking Spaces
1
Property subtype
Multi-Family / Fee Simple
Zoning
RSA5
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,360
Amenities
No
No Pool
Building Details
Year Built
1925
Listing Agency:
OCF Realty LLC - Philadelphia
(610) 973-9441
Listed By:
Darwin Laureano · License #RS356195
(610) 973-9441
Source:
Compass
Added: Jun 21
Changed: Aug 8
Last Checked: Jul 24 at 2:24PM
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
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 = 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
Turnkey business
Opportunity
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 East 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
