2-Unit Side-by-Side
New
For Sale
$375,000
700-8 BORBECK AVENUE, Philadelphia, PA 19111
Separate utilities and laundry hookups support the two residences.
Property Size1,404 SF
Days on Market2
Property Features for 700-8 BORBECK AVENUE
General Information
Standard status
Active
Size
1,404 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,190
Amenities
shared basement
laundry hookups
garage
Building Details
Building Size
1,404 SF
Year Built
1956
Buildings
1
Listing Agency:
RE/MAX One Realty
Listed By:
Jennifer M Curran · License #RS297664
(215) 745-7000
Source:
Lizclarkrealestate
Added: Sep 26
Last Checked: Sep 26 at 3:15PM
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 One Realty
Investment Insights
Based on property information with market context.
Built in 1956, this side-by-side duplex has two distinct residences: one with two bedrooms and one full bathroom, and another with one bedroom and one full bathroom. Both include a living room and kitchen. Recent interior updates include fresh paint and newer flooring. The shared basement contains two partially finished storage areas and separate laundry hookups for each unit. A driveway and two-car garage provide off-street parking and additional storage.
The property sits on a corner lot in the Fox Chase section of Northeast Philadelphia, across from a field. Public transportation, schools, shopping, dining, parks, and neighborhood amenities are nearby.
The property sits on a corner lot in the Fox Chase section of Northeast Philadelphia, across from a field. Public transportation, schools, shopping, dining, parks, and neighborhood amenities are nearby.
Key Highlights
- Two side‑by‑side residences: one with 2 bedrooms and 1 full bathroom, the other with 1 bedroom and 1 full bathroom
- Separate utilities and laundry hookups for each unit
- Shared basement with two partially finished storage areas
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
$18,850
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
5.03%
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%
$377,000
$377.0K
Cap Rate 7%
$269,286
$269.3K
Cap Rate 9%
$209,444
$209.4K
Market Conditions
NOI Build-Up for 1,404 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
$27.8K $19.80/SF
− Vacancy
−$870 −$0.62/SF
EGI
$26.9K $19.18/SF
− OpEx
−$8.1K −$5.75/SF
NOI
$18.9K $13.43/SF
Area
ZIP 19111
Vacancy
3.13%
Lease Rate
$19.80 /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%
$377,000
Cap Rate 7%
$269,286
Cap Rate 9%
$209,444
Alternative Uses
Best Use
Multifamily LT 5
$269.3K
$235.6K – $314.2K
NOI $18,850 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$248.3K
$217.3K – $289.7K
NOI $17,384 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$425.7K
$372.5K – $496.6K
NOI $29,798 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,429
Businesses Nearby
Explore this area
Business Placement
Demographics for 19111, PA
67,017
Population
27,518
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
13,962
Density / Sq Mi
$60,441
Median Household Income
$39,065
Median Earnings
$1,221
Median Rent
$244,000
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 - Separate utilities and laundry hookups support the two residences.
Where is this duplex located?
The property is located at 700-8 BORBECK AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two side‑by‑side residences: one with 2 bedrooms and 1 full bathroom, the other with 1 bedroom and 1 full bathroom; Separate utilities and laundry hookups for each unit; Shared basement with two partially finished storage areas
