Two-Unit Duplex
5602 North 10th Street Philadelphia, PA 19141
For Sale
$289,000
Well-maintained duplex with two two-bedroom units, including one vacant unit and separately metered utilities.
Property Size1,568 SF
Price / SF$184.31
Days on Market99
Property Features for 5602 North 10th Street
General Information
- Standard status
- Active
- Size
- 1,568 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1935
Listing Agency:
Realty Mark Associates
(267) 225-6599
Listed By:
Stacey Franklin · License #RS327131
(267) 225-6599
Source:
Compass
Added: Apr 17
Changed: Jul 20
Last Checked: Jul 21 at 7:02AM
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 Realty Mark Associates
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two two-bedroom units. One unit is currently occupied by a long-standing tenant, while the second unit is vacant and available for an owner-occupant or for immediate leasing. Utilities are separated, providing independent service for each unit. The owners have completed updates, helping reduce initial work for the next owner.
Located in the Fern Rock area of Philadelphia, the property is close to public transportation, including the Broad & Olney Transportation Center and the Fern Rock Transit Center with SEPTA Regional Rail service, as well as nearby shopping and restaurants. The Fern Rock section is described as walkable.
The duplex configuration provides a straightforward two-unit rental setup with separated utilities and one immediate-occupancy option via the vacant unit.
Located in the Fern Rock area of Philadelphia, the property is close to public transportation, including the Broad & Olney Transportation Center and the Fern Rock Transit Center with SEPTA Regional Rail service, as well as nearby shopping and restaurants. The Fern Rock section is described as walkable.
The duplex configuration provides a straightforward two-unit rental setup with separated utilities and one immediate-occupancy option via the vacant unit.
Key Highlights
- Well‑maintained duplex built in 1935 with two 2‑bedroom units
- One unit is occupied by a long‑standing tenant; the other unit is vacant
- Separately metered utilities for the two units
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.6k | $30.36 |
| − Vacancy | −$2.8k | −$1.76 |
| EGI | $44.8k | $28.60 |
| − OpEx | −$20.2k | −$12.87 |
| NOI | $24.7k | $15.73 |
1,568 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$382.3K
$334.5K – $446.0K
NOI $26,758 @ 7.0% cap · market cap 9.26%
Second Best
Apartment 5plus
$352.3K
$308.3K – $411.1K
NOI $24,664 @ 7.0% cap · market cap 8.53%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex with two two-bedroom units, including one vacant unit and separately metered utilities.
Where is this duplex located?
The property is located at 5602 North 10th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Well‑maintained duplex built in 1935 with two 2‑bedroom units; One unit is occupied by a long‑standing tenant; the other unit is vacant; Separately metered utilities for the two units
