Well-Maintained Duplex with
For Sale
$259,900
Pending
6636 FRANKFORD AVENUE, Philadelphia, PA 19135
Two 1-bedroom, 1-bath units feature updated kitchens, plus a full basement, detached two-car garage, and separate utilities.
Property Size1,224 SF
Days on Market52
Property Features for 6636 FRANKFORD AVENUE
General Information
Standard status
Pending
Size
1,224 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1940
Tenancy
Multi
Listing Agency:
Canaan Realty Services INC
(215) 333-1826
Listed By:
Yan Ye Lu · License #RS346163
(267) 570-7415
Source:
Cummingsrealtors
Added: Jul 18
Changed: Sep 6
Last Checked: Sep 7 at 6:49AM
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 Canaan Realty Services INC
Investment Insights
Based on property information with market context.
This well-maintained duplex provides two separate 1-bedroom, 1-bath apartments. Both units include updated kitchens with white shaker cabinets, granite countertops, stainless steel appliances, updated flooring, and a modern bathroom. The property also offers a full basement, along with a detached two-car garage.
The location offers convenience near I-95, with nearby access to public transportation, shopping, and dining.
Additional benefits include separate utilities for the two apartments, supporting straightforward occupancy arrangements for an owner occupant or an investor.
The location offers convenience near I-95, with nearby access to public transportation, shopping, and dining.
Additional benefits include separate utilities for the two apartments, supporting straightforward occupancy arrangements for an owner occupant or an investor.
Key Highlights
- Well‑maintained duplex built in 1940 with two 1‑bedroom, 1‑bath apartments
- Each unit features an updated kitchen with white shaker cabinets, granite countertops, and stainless steel appliances
- Updated flooring and a modern bathroom in each 1‑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
$20,887
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
8.04%
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%
$417,740
$417.7K
Cap Rate 7%
$298,386
$298.4K
Cap Rate 9%
$232,078
$232.1K
Market Conditions
NOI Build-Up for 1,224 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
$31.6K $25.80/SF
− Vacancy
−$1.7K −$1.42/SF
EGI
$29.8K $24.38/SF
− OpEx
−$9.0K −$7.31/SF
NOI
$20.9K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /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%
$417,740
Cap Rate 7%
$298,386
Cap Rate 9%
$232,078
Alternative Uses
Best Use
Multifamily LT 5
$298.4K
$261.1K – $348.1K
NOI $20,887 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$275.0K
$240.7K – $320.9K
NOI $19,253 @ 7.0% cap · market cap 7.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,297
Businesses Nearby
Explore this area
Business Placement
Demographics for 19135, PA
35,422
Population
14,323
Households
2.5
Avg Household Size
34
Median Age
16%
College-Educated
82%
High-School Grad
2.3 sq mi
ZIP Area
15,401
Density / Sq Mi
$51,817
Median Household Income
$38,673
Median Earnings
$1,197
Median Rent
$182,900
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 - Two 1-bedroom, 1-bath units feature updated kitchens, plus a full basement, detached two-car garage, and separate utilities.
Where is this duplex located?
The property is located at 6636 FRANKFORD AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Well‑maintained duplex built in 1940 with two 1‑bedroom, 1‑bath apartments; Each unit features an updated kitchen with white shaker cabinets, granite countertops, and stainless steel appliances; Updated flooring and a modern bathroom in each 1‑bedroom unit
