Three-Story Duplex with
For Sale
$215,000
5542 MORRIS STREET, Philadelphia, PA 19144
Two residential units include a vacant one-bedroom layout and an owner-occupied two-bedroom layout.
Property Size1,248 SF
Days on Market120
Property Features for 5542 MORRIS STREET
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Duplex
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,812
Amenities
backyard
Building Details
Building Size
1,248 SF
Year Built
1900
Buildings
1
Stories
3
Listing Agency:
Houwzer, LLC
Listed By:
Michael DeFiore · License #RS329854
(609) 790-4824
Source:
Lizclarkrealestate
Added: May 12
Changed: Sep 8
Last Checked: Sep 8 at 10:39AM
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 Houwzer, LLC
Investment Insights
Based on property information with market context.
Located at 5542 Morris St in Philadelphia’s Germantown neighborhood, this 1,248-square-foot, three-story duplex contains two separate residential units. One unit offers 1 bedroom, 1 bath, and a kitchen and is vacant. The second includes 2 bedrooms, 1 bath, a kitchen, and a living area and is currently owner-occupied.
The property also includes an oversized backyard and a brand-new roof backed by a 15-year warranty. Weavers Way Co-op is steps away, while Ultimo Coffee and Germantown cafes, restaurants, and local shops are located a few blocks from the property.
The property also includes an oversized backyard and a brand-new roof backed by a 15-year warranty. Weavers Way Co-op is steps away, while Ultimo Coffee and Germantown cafes, restaurants, and local shops are located a few blocks from the property.
Key Highlights
- 1,248‑square‑foot, three‑story duplex at 5542 Morris St
- Two separate units with 1‑bedroom and 2‑bedroom layouts
- Vacant 1‑bedroom, 1‑bath unit with kitchen
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
$19,630
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
9.13%
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%
$392,600
$392.6K
Cap Rate 7%
$280,429
$280.4K
Cap Rate 9%
$218,111
$218.1K
Market Conditions
NOI Build-Up for 1,248 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
$37.9K $30.36/SF
− Vacancy
−$2.2K −$1.76/SF
EGI
$35.7K $28.60/SF
− OpEx
−$16.1K −$12.87/SF
NOI
$19.6K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$392,600
Cap Rate 7%
$280,429
Cap Rate 9%
$218,111
Alternative Uses
Best Use
Multifamily LT 5
$304.2K
$266.2K – $355.0K
NOI $21,297 @ 7.0% cap · market cap 9.91%
Second Best
Apartment 5plus
$280.4K
$245.4K – $327.2K
NOI $19,630 @ 7.0% cap · market cap 9.13%
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
1,265
Businesses Nearby
Explore this area
Business Placement
Demographics for 19144, PA
44,481
Population
23,583
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
12,356
Density / Sq Mi
$45,727
Median Household Income
$36,020
Median Earnings
$1,110
Median Rent
$224,600
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 residential units include a vacant one-bedroom layout and an owner-occupied two-bedroom layout.
Where is this duplex located?
The property is located at 5542 MORRIS STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 1,248‑square‑foot, three‑story duplex at 5542 Morris St; Two separate units with 1‑bedroom and 2‑bedroom layouts; Vacant 1‑bedroom, 1‑bath unit with kitchen
