Duplex With Fenced
For Sale
$449,000
533 Gerhard St, Philadelphia, PA 19128
Two separate residences offer distinct occupancy options, with laundry provided inside each unit.
Property Size2,189 SF
Price / SF$205.12
Days on Market12
Property Features for 533 Gerhard St
General Information
Standard status
Active
Size
2,189 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Amenities
in-unit laundry
basement for additional storage
fenced-in backyard
street parking
Building Details
Year Built
1950
Buildings
1
Tenancy
Single
Listing Agency:
Keller Williams Realty - Moorestown
Listed By:
Gretchen Gers · License #1757007
(609) 845-7551
Source:
Viewmarylandhomesforsale
Added: Oct 11
Changed: Oct 16
Last Checked: Oct 20 at 9:18PM
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 Keller Williams Realty - Moorestown
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Investment Insights
Based on property information with market context.
Built in 1950, this 2,189-square-foot duplex contains two 2-bedroom residences. The first-floor unit has 2 full bathrooms, in-unit laundry, and basement access for storage; it is occupied under a lease through 10/2027. The second-floor unit has 1 full bathroom and in-unit laundry and is vacant. Residents of both units share a fenced backyard. Street parking is available.
Key Highlights
- Two 2‑bedroom units in a 2,189‑square‑foot duplex
- First‑floor unit has 2 full bathrooms and an in‑place lease through 10/2027
- Vacant second‑floor unit has 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,355
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,100
$747.1K
Cap Rate 7%
$533,643
$533.6K
Cap Rate 9%
$415,056
$415.1K
Market Conditions
NOI Build-Up for 2,189 SF
Gross rent
$56.5K $25.80/SF
− Vacancy
−$3.1K −$1.42/SF
EGI
$53.4K $24.38/SF
− OpEx
−$16.0K −$7.31/SF
NOI
$37.4K $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 Rate 5%
$747,100
Cap Rate 7%
$533,643
Cap Rate 9%
$415,056
Alternative Uses
Best Use
Multifamily LT 5
$533.6K
$466.9K – $622.6K
NOI $37,355 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$491.9K
$430.4K – $573.9K
NOI $34,432 @ 7.0% cap · market cap 7.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,473
Businesses Nearby
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Business Placement
Demographics for 19128, PA
36,808
Population
19,006
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
5,258
Density / Sq Mi
$89,639
Median Household Income
$64,861
Median Earnings
$1,563
Median Rent
$330,800
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 separate residences offer distinct occupancy options, with laundry provided inside each unit.
Where is this duplex located?
The property is located at 533 Gerhard St Philadelphia, PA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two 2‑bedroom units in a 2,189‑square‑foot duplex; First‑floor unit has 2 full bathrooms and an in‑place lease through 10/2027; Vacant second‑floor unit has 1 full bathroom
