Income Duplex with Two-Bedroom
5663 Boyer Street Philadelphia, PA 19138
For Sale
$259,000
Two-unit duplex with two bedrooms and bathrooms per unit and a permitted addition totaling approximately 1,700 sq ft.
Property Size1,200 SF
Price / SF$215.83
Days on Market80
Property Features for 5663 Boyer Street
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing Agency:
KW Empower
(480) 616-6794
Listed By:
Elaine Reby · License #RS362049
(480) 616-6794
Source:
Compass
Added: May 6
Changed: Jul 20
Last Checked: Jul 23 at 10:10AM
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 KW Empower
Investment Insights
Based on property information with market context.
For sale: an income-producing duplex configured as two units, with each unit offering two bedrooms and two bathrooms. The property also includes a permitted addition that brings total living space to approximately 1,700 square feet. While the building could benefit from some cosmetic updates, it is positioned as a value-add opportunity for buyers looking to improve and stabilize rental income. Rental income is described as exceeding 1% of the purchase price, with at least $1,300 per unit in rental income.
Located in Philadelphia (MLS Area 19138), the property is described as just minutes from LaSalle University and close to shopping, dining, and everyday amenities.
Each unit’s layout and bathroom count are consistent across the duplex, supporting straightforward tenanting and manageable operations, with the permitted addition expanding the overall usable living space.
Located in Philadelphia (MLS Area 19138), the property is described as just minutes from LaSalle University and close to shopping, dining, and everyday amenities.
Each unit’s layout and bathroom count are consistent across the duplex, supporting straightforward tenanting and manageable operations, with the permitted addition expanding the overall usable living space.
Key Highlights
- Two‑unit duplex with 2 bedrooms and bathrooms per unit
- Permitted addition increases total living space to approximately 1,700 sq ft
- Year built: 1925
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 | $31.0k | $25.80 |
| − Vacancy | −$1.7k | −$1.42 |
| EGI | $29.3k | $24.38 |
| − OpEx | −$8.8k | −$7.31 |
| NOI | $20.5k | $17.06 |
1,200 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$292.5K
$256.0K – $341.3K
NOI $20,478 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$269.6K
$235.9K – $314.6K
NOI $18,875 @ 7.0% cap · market cap 7.29%
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 - Two-unit duplex with two bedrooms and bathrooms per unit and a permitted addition totaling approximately 1,700 sq ft.
Where is this duplex located?
The property is located at 5663 Boyer Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and bathrooms per unit; Permitted addition increases total living space to approximately 1,700 sq ft; Year built: 1925
