Two-Unit Residential Income
5631 North Fairhill Street Philadelphia, PA 19120
For Sale
$149,999
Pending
Two separate one-bedroom apartment units with independent basement half-bath access and a separate backyard entrance.
Property Size1,120 SF
Days on Market78
Property Features for 5631 North Fairhill Street
General Information
- Standard status
- Pending
- Size
- 1,120 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1935
Listing Agency:
Cambridge Select Realty
(267) 461-4308
Listed By:
Justin Moore
(267) 461-4308
Source:
Compass
Added: May 8
Changed: Jul 23
Last Checked: Jul 23 at 3:14PM
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 Cambridge Select Realty
Investment Insights
Based on property information with market context.
This two-unit residential income property includes two separate apartment units, each with a one-bedroom layout and spacious living areas. The building also has a basement featuring a half-bathroom and a separate entrance that leads to the backyard, which can support additional convenience for occupants.
The property is currently tenant-occupied on a month-to-month basis on the top floor. It is located in Philadelphia County, in MLS area 19120, with a bus stop listed as less than 1 mile away.
The offering provides a straightforward two-unit configuration with indoor living space and a basement level that includes a half-bath and separate backyard access.
The property is currently tenant-occupied on a month-to-month basis on the top floor. It is located in Philadelphia County, in MLS area 19120, with a bus stop listed as less than 1 mile away.
The offering provides a straightforward two-unit configuration with indoor living space and a basement level that includes a half-bath and separate backyard access.
Key Highlights
- Two separate apartment units, each approximately 550–600 SF, both with 1‑bedroom layouts
- Basement includes a half‑bath and a separate entrance to the backyard
- Tenant‑occupied on a month‑to‑month basis (Top Floor)
Financial Insights For Multifamily LT 5
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 | $18.7k | $16.68 |
| − Vacancy | −$1.3k | −$1.20 |
| EGI | $17.3k | $15.48 |
| − OpEx | −$5.2k | −$4.64 |
| NOI | $12.1k | $10.83 |
1,120 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$173.3K
$151.7K – $202.2K
NOI $12,133 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$154.2K
$134.9K – $179.9K
NOI $10,792 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$267.5K
$234.1K – $312.1K
NOI $18,728 @ 7.0% cap · market cap 12.49%
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 - Two separate one-bedroom apartment units with independent basement half-bath access and a separate backyard entrance.
Where is this duplex located?
The property is located at 5631 North Fairhill Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $149,999.
What are key features of this property?
This property features: Two separate apartment units, each approximately 550–600 SF, both with 1‑bedroom layouts; Basement includes a half‑bath and a separate entrance to the backyard; Tenant‑occupied on a month‑to‑month basis (Top Floor)
