Duplex with Separate
For Sale
$294,900
530 West Ritner Street, Philadelphia, PA 19148
Two one-bedroom residences offer individually metered utility service in an RSA5-zoned building.
Property Size1,440 SF
Price / SF$204.79
Days on Market237
Property Features for 530 West Ritner Street
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RSA5
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,482
Amenities
No
Security Gate, Smoke Detector, Resident Manager, Carbon Monoxide Detector(s)
No Pool
Above Grade, Below Grade
Building Details
Year Built
1920
Listing Agency:
DJCRE Inc.
Listed By:
Frederic D Musilli · License #RM421769
(215) 271-7070
Source:
Compass
Added: Jan 10
Changed: Aug 29
Last Checked: Aug 29 at 1:19PM
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 DJCRE Inc.
Investment Insights
Based on property information with market context.
Located at 530 West Ritner Street in Philadelphia, this 1,440 SF duplex contains two one-bedroom units with separate meters. Built in 1920, the property carries RSA5 zoning and provides a straightforward two-unit configuration for residential income ownership.
The building is in South Philadelphia across from a park, with views toward the open space and access to a major bus route. Shopping is located throughout the surrounding area. An airport is less than 10 miles away, a bus stop is less than 1 mile away, and a commuter rail station is 1 to 5 miles away. Showings require 48 hours’ notice.
The building is in South Philadelphia across from a park, with views toward the open space and access to a major bus route. Shopping is located throughout the surrounding area. An airport is less than 10 miles away, a bus stop is less than 1 mile away, and a commuter rail station is 1 to 5 miles away. Showings require 48 hours’ notice.
Key Highlights
- Two 1‑bedroom units with separate meters
- 1,440 SF duplex built in 1920
- RSA5 zoning
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
$24,573
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
8.33%
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%
$491,460
$491.5K
Cap Rate 7%
$351,043
$351.0K
Cap Rate 9%
$273,033
$273.0K
Market Conditions
NOI Build-Up for 1,440 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
$37.2K $25.80/SF
− Vacancy
−$2.0K −$1.42/SF
EGI
$35.1K $24.38/SF
− OpEx
−$10.5K −$7.31/SF
NOI
$24.6K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /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%
$491,460
Cap Rate 7%
$351,043
Cap Rate 9%
$273,033
Alternative Uses
Best Use
Multifamily LT 5
$351.0K
$307.2K – $409.6K
NOI $24,573 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$323.6K
$283.1K – $377.5K
NOI $22,651 @ 7.0% cap · market cap 7.68%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
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 - Two one-bedroom residences offer individually metered utility service in an RSA5-zoned building.
Where is this duplex located?
The property is located at 530 West Ritner Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $294,900.
What are key features of this property?
This property features: Two 1‑bedroom units with separate meters; 1,440 SF duplex built in 1920; RSA5 zoning
