Renovated Corner
New
For Sale
$399,000
7101 CHARLES STREET, Philadelphia, PA 19135
Two residential units with separate utilities, a private yard, basement storage, and garage space.
Property Size1,716 SF
Days on Market4
Property Features for 7101 CHARLES STREET
General Information
Standard status
Active
Size
1,716 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$4,218
Amenities
private yard
Building Details
Building Size
1,716 SF
Year Built
1950
Tenancy
Multi
Listing Agency:
Prosperity Real Estate & Investment Services
(267) 266-3677
Listed By:
Hanlan Huang · License #RS360180
(267) 266-3677
Source:
Lizclarkrealestate
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 3 at 10:45AM
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 Prosperity Real Estate & Investment Services
Investment Insights
Based on property information with market context.
Built in 1950, this Philadelphia duplex includes two residential units, a basement storage unit, garage space, and a private yard on a corner lot. Separate utilities support distinct unit operations. Recent updates include fresh paint, new flooring, and refreshed kitchen and bathroom finishes, while the roof was replaced in 2025. The property has established long-term tenants and is positioned as a multifamily income asset with additional storage and garage components.
Located at 7101 Charles Street, the property is near schools, shopping, public transportation, and major commuter routes. It may also be acquired with 1626 Lindley Avenue and 2329 Rhawn Street as part of a larger package.
Located at 7101 Charles Street, the property is near schools, shopping, public transportation, and major commuter routes. It may also be acquired with 1626 Lindley Avenue and 2329 Rhawn Street as part of a larger package.
Key Highlights
- Two‑unit duplex with established long‑term tenants
- Corner lot with private yard
- Separate utilities for the residential units
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.3k | $25.80 |
| − Vacancy | −$2.4k | −$1.42 |
| EGI | $41.8k | $24.38 |
| − OpEx | −$12.6k | −$7.31 |
| NOI | $29.3k | $17.06 |
1,716 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$418.3K
$366.0K – $488.1K
NOI $29,283 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$385.6K
$337.4K – $449.9K
NOI $26,992 @ 7.0% cap · market cap 6.76%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,547
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 residential units with separate utilities, a private yard, basement storage, and garage space.
Where is this duplex located?
The property is located at 7101 CHARLES STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit duplex with established long‑term tenants; Corner lot with private yard; Separate utilities for the residential units
