Legal Duplex with Semi-Finished
For Sale
$325,000
6713 N 15TH STREET, Philadelphia, PA 19126
Legal two-unit home with a 1-bedroom first floor and 2-bedroom second floor plus a semi-finished basement with full bath.
Property Size1,530 SF
Days on Market73
Property Features for 6713 N 15TH STREET
General Information
Standard status
Active
Size
1,530 SF
Property subtype
Duplex
Additional Details
Gross Income
$26,400
Taxes and HOA fees
Annual Taxes
$3,206
Building Details
Building Size
1,530 SF
Year Built
1925
Tenancy
Multi
Abandoned
No
Listing Agency:
RE/MAX Access
Listed By:
Dorothea J Neverson · License #RS298947
(267) 241-9575
Source:
Lizclarkrealestate
Added: Jul 6
Changed: Sep 15
Last Checked: Sep 15 at 9:51AM
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 RE/MAX Access
Investment Insights
Based on property information with market context.
This legal duplex offers a functional two-floor layout with separate living areas. The first floor features a 1-bedroom unit with a rear yard, while the second floor has a 2-bedroom unit. A semi-finished basement includes a full bath, which may provide a pathway to a potential third unit with approval from the city.
The property is currently tenant occupied and sits on a tree-lined street. With 1,530 SF of total property size, it may appeal to buyers looking for a duplex configuration with an additional basement improvement already in place.
The combination of two defined residential units and a semi-finished lower level with a full bath supports flexible redevelopment options, subject to required city approvals.
The property is currently tenant occupied and sits on a tree-lined street. With 1,530 SF of total property size, it may appeal to buyers looking for a duplex configuration with an additional basement improvement already in place.
The combination of two defined residential units and a semi-finished lower level with a full bath supports flexible redevelopment options, subject to required city approvals.
Key Highlights
- Legal duplex with a 1‑bedroom first‑floor unit and a 2‑bedroom second‑floor unit
- Rear yard associated with the first‑floor 1‑bedroom unit
- Semi‑finished basement with a full bath
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
$26,109
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
8.03%
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%
$522,180
$522.2K
Cap Rate 7%
$372,986
$373.0K
Cap Rate 9%
$290,100
$290.1K
Market Conditions
NOI Build-Up for 1,530 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
$39.5K $25.80/SF
− Vacancy
−$2.2K −$1.42/SF
EGI
$37.3K $24.38/SF
− OpEx
−$11.2K −$7.31/SF
NOI
$26.1K $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%
$522,180
Cap Rate 7%
$372,986
Cap Rate 9%
$290,100
Alternative Uses
Best Use
Multifamily LT 5
$373.0K
$326.4K – $435.2K
NOI $26,109 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$343.8K
$300.8K – $401.1K
NOI $24,066 @ 7.0% cap · market cap 7.40%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,191
Businesses Nearby
Explore this area
Business Placement
Demographics for 19126, PA
16,159
Population
7,490
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
90%
High-School Grad
1.2 sq mi
ZIP Area
13,466
Density / Sq Mi
$52,847
Median Household Income
$40,610
Median Earnings
$1,116
Median Rent
$214,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-unit home with a 1-bedroom first floor and 2-bedroom second floor plus a semi-finished basement with full bath.
Where is this duplex located?
The property is located at 6713 N 15TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Legal duplex with a 1‑bedroom first‑floor unit and a 2‑bedroom second‑floor unit; Rear yard associated with the first‑floor 1‑bedroom unit; Semi‑finished basement with a full bath
