Side-by-Side Duplex with
For Sale
$375,000
700 700-8 Borbeck Ave, Philadelphia, PA 19111
Separate utilities and laundry hookups support independent operation of the two residences.
Property Size1,404 SF
Price / SF$267.09
Days on Market13
Property Features for 700 700-8 Borbeck Ave
General Information
Standard status
Active
Size
1,404 SF
Property subtype
Multi-Family
Building Details
Year Built
1956
Listing Agency:
RE/MAX One Realty
Listed By:
Jennifer M Curran · License #RS297664
(215) 514-1176
Source:
Bethsamberg
Added: Sep 28
Last Checked: Oct 7 at 4:08PM
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.
This 1,404-square-foot duplex contains two side-by-side residences: one with two bedrooms and one full bathroom, and the other with one bedroom and one full bathroom. Both units have living rooms and kitchens. Recent interior work includes fresh paint and newer flooring. A shared basement provides two partly finished storage areas, with separate laundry hookups and utilities for each residence. The property also has a two-car garage and a large driveway on a corner lot.
Built in 1956, the duplex is in Philadelphia’s Fox Chase section, across from a field. Public transportation, schools, retail, restaurants, parks, and other neighborhood amenities are nearby.
Built in 1956, the duplex is in Philadelphia’s Fox Chase section, across from a field. Public transportation, schools, retail, restaurants, parks, and other neighborhood amenities are nearby.
Key Highlights
- Two side‑by‑side units: one with 2 bedrooms and 1 full bathroom; one with 1 bedroom and 1 full bathroom
- 1,404 square feet; built in 1956
- Shared basement with two partially finished storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,850
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
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
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 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
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Open Analytics
Current Use
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
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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 - Separate utilities and laundry hookups support independent operation of the two residences.
Where is this duplex located?
The property is located at 700 700-8 Borbeck Ave 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 units: one with 2 bedrooms and 1 full bathroom; one with 1 bedroom and 1 full bathroom; 1,404 square feet; built in 1956; Shared basement with two partially finished storage areas
