Duplex with Garage
For Sale
$525,000
6940 HEGERMAN STREET, Philadelphia, PA 19135
A detached garage adds a separate one-bedroom apartment and two-car parking.
Property Size2,875 SF
Price / SF$182.61
Days on Market8
Property Features for 6940 HEGERMAN STREET
General Information
Standard status
Active
Size
2,875 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Neighborhood
Northeast Philadelphia
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 4BR/2FA/2HA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
deck
finished basement
wet bar
central air conditioning
Building Details
Year Built
1906
Buildings
2
Construction
brick
Listing Agency:
BHHS Fox & Roach-Center City Walnut
(215) 627-6005
Listed By:
Jeffrey J George · License #1974409
(267) 240-1045
Source:
Cummingsrealtors
Added: Oct 23
Changed: Oct 29
Last Checked: Oct 28 at 7:53AM
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 BHHS Fox & Roach-Center City Walnut
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Investment Insights
Based on property information with market context.
This 2,875-square-foot duplex pairs a four-bedroom main home with a separate one-bedroom apartment above a detached two-car garage. The main residence, built in 1906, has two full bathrooms, two half bathrooms, and a finished basement with a wet bar. The garage and apartment date to 1987. Both buildings have central air conditioning, and the basement has sump pumps. A new roof was installed in 2023; the apartment also has a new hot water heater.
The property is within walking distance of public, private, and charter schools, recreation centers, supermarkets, and the Torresdale Avenue business corridor. Nearby transportation options include Tacony and Holmesburg Regional Rail stations, with access to I-95, Route 1, and bridges to New Jersey. The Delaware River, Quaker City Yacht Club, and Lardner's Point are also nearby.
The property is within walking distance of public, private, and charter schools, recreation centers, supermarkets, and the Torresdale Avenue business corridor. Nearby transportation options include Tacony and Holmesburg Regional Rail stations, with access to I-95, Route 1, and bridges to New Jersey. The Delaware River, Quaker City Yacht Club, and Lardner's Point are also nearby.
Key Highlights
- 2,875‑square‑foot duplex with a four‑bedroom main residence and separate one‑bedroom apartment
- Detached two‑car garage with apartment above, built in 1987
- Main home built in 1906; new roof installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,222
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$904,440
$904.4K
Cap Rate 7%
$646,029
$646.0K
Cap Rate 9%
$502,467
$502.5K
Market Conditions
NOI Build-Up for 2,875 SF
Gross rent
$87.3K $30.36/SF
− Vacancy
−$5.1K −$1.76/SF
EGI
$82.2K $28.60/SF
− OpEx
−$37.0K −$12.87/SF
NOI
$45.2K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$904,440
Cap Rate 7%
$646,029
Cap Rate 9%
$502,467
Alternative Uses
Best Use
Multifamily LT 5
$700.9K
$613.3K – $817.7K
NOI $49,062 @ 7.0% cap · market cap 9.35%
Second Best
Apartment 5plus
$646.0K
$565.3K – $753.7K
NOI $45,222 @ 7.0% cap · market cap 8.61%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,126
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A detached garage adds a separate one-bedroom apartment and two-car parking.
Where is this duplex located?
The property is located at 6940 HEGERMAN STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,875‑square‑foot duplex with a four‑bedroom main residence and separate one‑bedroom apartment; Detached two‑car garage with apartment above, built in 1987; Main home built in 1906; new roof installed in 2023
