Renovated Duplex With In-Unit
For Sale
$389,900
Pending
5435 Chancellor Street, Philadelphia, PA 19139
Fully renovated duplex with two updated units, including in-unit laundry on the second floor.
Property Size1,900 SF
Days on Market166
Property Features for 5435 Chancellor Street
General Information
Standard status
Pending
Size
1,900 SF
Property subtype
Contingent
Zoning
RM1
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,124
Amenities
Full,Unfinished
Electric
Yes
Natural Gas
No
Assessor
Bathroom - Tub Shower,Carpet,Ceiling Fan(s),Floor Plan - Open,Kitchen - Eat-In,Kitchen - Island,Recessed Lighting,Upgraded Countertops
1
No Pool
Refrigerator (1),Washer (1),Dryer (1) - All in second floor unit
Public
W30
24.00 x 65.00
0.04
On Street
Sidewalks,Street Lights
Stone
Building Details
Building Size
1,900 SF
Year Built
1925
Stories
2
Tenancy
Multi
Listing Agency:
JG Real Estate LLC
(856) 222-0077
Listed By:
Tyler Mecca
Source:
Thetristaterealestategroup
Added: Mar 26
Changed: Sep 4
Last Checked: Sep 4 at 3:34AM
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 JG Real Estate LLC
Investment Insights
Based on property information with market context.
This fully renovated duplex offers two updated apartment units. The first-floor unit features two bedrooms and one bathroom, with hardwood flooring in the bright living and dining areas and a renovated kitchen with white shaker-style cabinetry, quartz countertops, and stainless steel appliances. A tiled tub/shower combo, updated vanity, modern lighting, and new flooring complete the hall bath. The first-floor unit also provides access to a full unfinished basement with washer and dryer hookups.
The second-floor unit includes three bedrooms and one bathroom, with hardwood flooring through the main living areas and a living room that opens to a private patio. The eat-in kitchen includes shaker-style cabinets, quartz countertops, and a peninsula, along with a stainless steel appliance package featuring a five-burner gas range and a French door refrigerator. A laundry closet with washer and dryer is included.
Both units include updated bathrooms with tiled tub/shower combos, new vanities, updated flooring, and modern lighting, along with ceiling fans and ample closet space.
The second-floor unit includes three bedrooms and one bathroom, with hardwood flooring through the main living areas and a living room that opens to a private patio. The eat-in kitchen includes shaker-style cabinets, quartz countertops, and a peninsula, along with a stainless steel appliance package featuring a five-burner gas range and a French door refrigerator. A laundry closet with washer and dryer is included.
Both units include updated bathrooms with tiled tub/shower combos, new vanities, updated flooring, and modern lighting, along with ceiling fans and ample closet space.
Key Highlights
- Fully renovated duplex with two updated units: 2BR/1BA on the first floor and 3BR/1BA on the second floor
- Second‑floor unit includes in‑unit laundry with a washer and dryer, plus a dedicated laundry closet
- First‑floor unit features access to a full unfinished basement with washer/dryer hookups for additional storage or future use
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
$32,423
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
8.32%
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%
$648,460
$648.5K
Cap Rate 7%
$463,186
$463.2K
Cap Rate 9%
$360,256
$360.3K
Market Conditions
NOI Build-Up for 1,900 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
$49.0K $25.80/SF
− Vacancy
−$2.7K −$1.42/SF
EGI
$46.3K $24.38/SF
− OpEx
−$13.9K −$7.31/SF
NOI
$32.4K $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 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%
$648,460
Cap Rate 7%
$463,186
Cap Rate 9%
$360,256
Alternative Uses
Best Use
Multifamily LT 5
$463.2K
$405.3K – $540.4K
NOI $32,423 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$426.9K
$373.6K – $498.1K
NOI $29,886 @ 7.0% cap · market cap 7.67%
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
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,381
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
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 renovated duplex with two updated units, including in-unit laundry on the second floor.
Where is this duplex located?
The property is located at 5435 Chancellor Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Fully renovated duplex with two updated units: 2BR/1BA on the first floor and 3BR/1BA on the second floor; Second‑floor unit includes in‑unit laundry with a washer and dryer, plus a dedicated laundry closet; First‑floor unit features access to a full unfinished basement with washer/dryer hookups for additional storage or future use
