Duplex with Separate
For Sale
$165,000
524 W Tabor Rd, Philadelphia, PA 19120
Two residential units offer one- and two-bedroom layouts, with a rear yard serving the first-floor unit.
Property Size1,510 SF
Price / SF$109.27
Days on Market54
Property Features for 524 W Tabor Rd
General Information
Standard status
Active
Size
1,510 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Northwest Philadelphia
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
small rear yard
Building Details
Year Built
1919
Listing Agency:
Joseph F X Fasy Realtors
Listed By:
Joseph F.X. Fasy Jr · License #RB-0031314
(215) 424-8500
Source:
Upgradebymichaud
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 30 at 5:14PM
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 Joseph F X Fasy Realtors
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Investment Insights
Based on property information with market context.
Built in 1919, this 1,510-square-foot duplex includes two separate residential units. The lower apartment has one bedroom and one bathroom, along with access to a small rear yard. The upper apartment provides two bedrooms and one bathroom. Separate utilities and newer boilers serve the property.
Both units are currently rented, including a first-floor tenancy through Section 8. The property is located at 524 W Tabor Rd in Philadelphia, PA 19120 and is being sold as is.
Both units are currently rented, including a first-floor tenancy through Section 8. The property is located at 524 W Tabor Rd in Philadelphia, PA 19120 and is being sold as is.
Key Highlights
- 1,510 SF duplex built in 1919
- Separate utilities for the two‑unit property
- Newer boilers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,550
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,000
$291.0K
Cap Rate 7%
$207,857
$207.9K
Cap Rate 9%
$161,667
$161.7K
Market Conditions
NOI Build-Up for 1,510 SF
Gross rent
$28.6K $18.96/SF
− Vacancy
−$2.2K −$1.44/SF
EGI
$26.5K $17.52/SF
− OpEx
−$11.9K −$7.88/SF
NOI
$14.5K $9.64/SF
Area
ZIP 19120
Vacancy
7.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,000
Cap Rate 7%
$207,857
Cap Rate 9%
$161,667
Alternative Uses
Best Use
Multifamily LT 5
$233.7K
$204.5K – $272.6K
NOI $16,358 @ 7.0% cap · market cap 9.91%
Second Best
Apartment 5plus
$207.9K
$181.9K – $242.5K
NOI $14,550 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$360.7K
$315.6K – $420.8K
NOI $25,249 @ 7.0% cap · market cap 15.30%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,897
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer one- and two-bedroom layouts, with a rear yard serving the first-floor unit.
Where is this duplex located?
The property is located at 524 W Tabor Rd Philadelphia, PA.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: 1,510 SF duplex built in 1919; Separate utilities for the two‑unit property; Newer boilers
