Two-Unit Duplex with Fenced
For Sale
$449,000
533 GERHARD Street, Philadelphia, PA 19128
Multi-Family, PHILADELPHIA, PA
Property Size2,189 SF
Lot Size0.07 Acres
Price / SF$205.12
Days on Market12
Property Features for 533 GERHARD Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street, Parking Lot
Subdivision
ROXBOROUGH
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,189 SF
Lot size
0.07 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
7759
Utilities
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Amenities
in-unit laundry
fenced backyard
Building Details
Year built
1950
Number of units
2
Building materials
Masonry
Architectural style
Other
Buildings
1
Listing Agency:
Keller Williams Realty - Moorestown
(856) 316-1100
Listed By:
Gretchen Gers
(609) 845-7551
Added: Oct 13
Changed: Oct 23
Last Checked: Oct 24 at 3:06AM
MLS# PAPH2680462
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.
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Investment Insights
Based on property information with market context.
This masonry duplex contains two apartments totaling 2,189 square feet on a 0.0717-acre lot. The first-floor residence has two bedrooms, two full bathrooms, in-unit laundry, and basement storage access. The second-floor apartment includes two bedrooms, one full bathroom, and its own laundry. Both homes have access to a fenced backyard. Built in 1950, the property has hot-water heating and window-unit cooling.
The first-floor unit is occupied under a lease that runs through 10/2027. The second-floor unit is vacant. Street parking is available, and the property also lists a parking lot.
The first-floor unit is occupied under a lease that runs through 10/2027. The second-floor unit is vacant. Street parking is available, and the property also lists a parking lot.
Key Highlights
- Two apartments totaling 2,189 square feet on a 0.0717‑acre lot
- First‑floor unit: 2 bedrooms, 2 full bathrooms, in‑unit laundry, and basement storage access
- Second‑floor unit: 2 bedrooms, 1 full bathroom, and in‑unit laundry; currently vacant
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,473
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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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 in-unit laundry, with one currently leased and the other vacant.
Where is this duplex located?
The property is located at 533 GERHARD Street 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 apartments totaling 2,189 square feet on a 0.0717‑acre lot; First‑floor unit: 2 bedrooms, 2 full bathrooms, in‑unit laundry, and basement storage access; Second‑floor unit: 2 bedrooms, 1 full bathroom, and in‑unit laundry; currently vacant
