Duplex with Updated
For Sale
$230,000
613 South 52nd Street, Philadelphia, PA 19143
Duplex features separate entrances, two updated units, and washer/dryer hookups with an outside-accessible unfinished basement.
Property Size1,800 SF
Price / SF$127.78
Days on Market149
Property Features for 613 South 52nd Street
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Multi-Family / Fee Simple
Zoning
CMX2
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,502
Amenities
No
No Pool
Building Details
Year Built
1925
Tenancy
Multi
Listing Agency:
Realty ONE Group Focus
Listed By:
Malik T Carter · License #RS294680
(215) 868-5768
Source:
Compass
Added: Apr 11
Changed: Sep 5
Last Checked: Sep 5 at 4:07PM
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 ONE Group Focus
Investment Insights
Based on property information with market context.
This duplex is zoned for duplex use and is configured as two separate residential units. Each unit includes a spacious living area, a kitchen, two bedrooms, and one bathroom, with washer and dryer hookups. The property has been freshly renovated, including updates to windows, the roof, kitchens, baths, and floors, and both floors have hardwood flooring. Separate utilities are supported with two gas meters and three electric meters. An unfinished basement is available and can be accessed from the outside.
The property is located in the University City / West Philadelphia neighborhood and is conveniently near public transportation, including the 34 13th-Market to 61st-Baltimore at the Baltimore Ave & 52nd St stop. Nearby amenities include parks such as Black Oak Park and Cedar Park, as well as major nearby universities including the University of Pennsylvania, Drexel University, and the University of the Sciences.
With a two-unit layout and updated key systems and finishes, the home can be used as a duplex residence with separate entrances or as part of a rental portfolio.
The property is located in the University City / West Philadelphia neighborhood and is conveniently near public transportation, including the 34 13th-Market to 61st-Baltimore at the Baltimore Ave & 52nd St stop. Nearby amenities include parks such as Black Oak Park and Cedar Park, as well as major nearby universities including the University of Pennsylvania, Drexel University, and the University of the Sciences.
With a two-unit layout and updated key systems and finishes, the home can be used as a duplex residence with separate entrances or as part of a rental portfolio.
Key Highlights
- Zoned as a duplex and configured as a duplex with separate entrances for both units
- Two updated units, each with 2 bedrooms and 1 bathroom, spacious living area, and kitchen
- Both units have updated windows, roof, kitchen, baths, and floors, plus high ceilings and hardwood floors on both levels
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
$19,499
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
8.48%
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%
$389,980
$390.0K
Cap Rate 7%
$278,557
$278.6K
Cap Rate 9%
$216,656
$216.7K
Market Conditions
NOI Build-Up for 1,800 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
$30.0K $16.68/SF
− Vacancy
−$2.2K −$1.20/SF
EGI
$27.9K $15.48/SF
− OpEx
−$8.4K −$4.64/SF
NOI
$19.5K $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%
$389,980
Cap Rate 7%
$278,557
Cap Rate 9%
$216,656
Alternative Uses
Best Use
Multifamily LT 5
$278.6K
$243.7K – $325.0K
NOI $19,499 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$247.8K
$216.8K – $289.1K
NOI $17,344 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$616.9K
$539.8K – $719.8K
NOI $43,186 @ 7.0% cap · market cap 18.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,327
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 - Duplex features separate entrances, two updated units, and washer/dryer hookups with an outside-accessible unfinished basement.
Where is this duplex located?
The property is located at 613 South 52nd Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Zoned as a duplex and configured as a duplex with separate entrances for both units; Two updated units, each with 2 bedrooms and 1 bathroom, spacious living area, and kitchen; Both units have updated windows, roof, kitchen, baths, and floors, plus high ceilings and hardwood floors on both levels
