Updated Duplex with Two
For Sale
$209,900
5739 SPRINGFIELD AVENUE, Philadelphia, PA 19143
Separately metered residences feature renovated kitchens and bathrooms with distinct one-bedroom and two-bedroom layouts.
Property Size1,386 SF
Price / SF$151.44
Days on Market47
Property Features for 5739 SPRINGFIELD AVENUE
General Information
Standard status
Active
Size
1,386 SF
Property subtype
Duplex
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Luxe Real Estate LLC
(215) 326-9095
Listed By:
Michelle Phillips · License #RM425239
(215) 251-7519
Source:
Cummingsrealtors
Added: Jul 21
Changed: Sep 4
Last Checked: Sep 4 at 5:16AM
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 Luxe Real Estate LLC
Investment Insights
Based on property information with market context.
Built in 1920, this 1,386 SF duplex contains two separately metered residences. The first-floor apartment is a one-bedroom unit with new flooring, a refreshed kitchen with white shaker cabinetry, updated countertops, backsplash, and newer appliances. Its bathroom includes tilework, updated flooring, and a modern vanity. The second-floor apartment offers two bedrooms and is currently vacant, with a renovated kitchen and bathroom featuring matching contemporary finishes.
Each residence has its own utility meter, and occupants are responsible for their respective utilities. The property is located at 5739 Springfield Avenue in Philadelphia’s Kingsessing neighborhood, with access to public transportation, nearby shops, dining, and other city services.
Each residence has its own utility meter, and occupants are responsible for their respective utilities. The property is located at 5739 Springfield Avenue in Philadelphia’s Kingsessing neighborhood, with access to public transportation, nearby shops, dining, and other city services.
Key Highlights
- Two‑unit duplex with 1,386 SF of building area
- First‑floor one‑bedroom unit is currently rented
- Vacant second‑floor two‑bedroom unit
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
$15,015
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
7.15%
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%
$300,300
$300.3K
Cap Rate 7%
$214,500
$214.5K
Cap Rate 9%
$166,833
$166.8K
Market Conditions
NOI Build-Up for 1,386 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
$23.1K $16.68/SF
− Vacancy
−$1.7K −$1.20/SF
EGI
$21.4K $15.48/SF
− OpEx
−$6.4K −$4.64/SF
NOI
$15.0K $10.83/SF
Area
ZIP 19143
Vacancy
7.22%
Lease Rate
$16.68 /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%
$300,300
Cap Rate 7%
$214,500
Cap Rate 9%
$166,833
Alternative Uses
Best Use
Multifamily LT 5
$214.5K
$187.7K – $250.3K
NOI $15,015 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$190.8K
$166.9K – $222.6K
NOI $13,355 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$475.0K
$415.7K – $554.2K
NOI $33,253 @ 7.0% cap · market cap 15.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,162
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separately metered residences feature renovated kitchens and bathrooms with distinct one-bedroom and two-bedroom layouts.
Where is this duplex located?
The property is located at 5739 SPRINGFIELD AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,386 SF of building area; First‑floor one‑bedroom unit is currently rented; Vacant second‑floor two‑bedroom unit
