Two-Story Duplex with Attached
For Sale
$349,900
7102 HUMMINGBIRD PLACE, Philadelphia, PA 19153
Two separate apartments offer practical layouts, finished lower-level space, and convenient residential parking.
Property Size1,900 SF
Lot Size0.04 Acres
Price / SF$184.16
Days on Market15
Property Features for 7102 HUMMINGBIRD PLACE
General Information
Standard status
Active
Size
1,900 SF
Lot size
0.04 Acres
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1965
Listing Agency:
BHHS Fox & Roach-Haverford
(610) 290-3893
Listed By:
Laverne B Glenn · License #RS332931
(610) 290-3893
Source:
Cummingsrealtors
Added: Jul 28
Changed: Aug 11
Last Checked: Aug 11 at 5:57AM
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-Haverford
Investment Insights
Based on property information with market context.
This duplex contains 2 apartments arranged on separate floors, with each residence offering 2 bedrooms and 1 bath. The 1,900-square-foot property includes combined living and dining areas, kitchenettes, tub-shower bathrooms, and a finished basement with garage access. Replacement windows and a blend of ceramic tile, carpet, laminate, and vinyl flooring are also featured.
The property occupies a 0.04-acre lot at 7102 Hummingbird Place in Philadelphia, PA 19153. An attached garage accommodates 2 vehicles, with additional off-street parking available. Sidewalks and street lighting are present along the property’s setting. Built in 1965, the duplex provides two distinct residential units within a compact configuration.
The property occupies a 0.04-acre lot at 7102 Hummingbird Place in Philadelphia, PA 19153. An attached garage accommodates 2 vehicles, with additional off-street parking available. Sidewalks and street lighting are present along the property’s setting. Built in 1965, the duplex provides two distinct residential units within a compact configuration.
Key Highlights
- 2 apartments, each with 2 bedrooms and 1 bath
- 1,900 SF duplex on a 0.04‑acre lot
- Finished basement with garage access
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
$29,886
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
8.54%
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%
$597,720
$597.7K
Cap Rate 7%
$426,943
$426.9K
Cap Rate 9%
$332,067
$332.1K
Market Conditions
NOI Build-Up for 1,900 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
$57.7K $30.36/SF
− Vacancy
−$3.3K −$1.76/SF
EGI
$54.3K $28.60/SF
− OpEx
−$24.5K −$12.87/SF
NOI
$29.9K $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 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%
$597,720
Cap Rate 7%
$426,943
Cap Rate 9%
$332,067
Alternative Uses
Best Use
Multifamily LT 5
$463.2K
$405.3K – $540.4K
NOI $32,423 @ 7.0% cap · market cap 9.27%
Second Best
Apartment 5plus
$426.9K
$373.6K – $498.1K
NOI $29,886 @ 7.0% cap · market cap 8.54%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
Explore this area
Business Placement
Demographics for 19153, PA
11,985
Population
5,965
Households
2
Avg Household Size
41
Median Age
28%
College-Educated
92%
High-School Grad
10.1 sq mi
ZIP Area
1,187
Density / Sq Mi
$53,434
Median Household Income
$36,167
Median Earnings
$1,341
Median Rent
$198,700
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 separate apartments offer practical layouts, finished lower-level space, and convenient residential parking.
Where is this duplex located?
The property is located at 7102 HUMMINGBIRD PLACE Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2 apartments, each with 2 bedrooms and 1 bath; 1,900 SF duplex on a 0.04‑acre lot; Finished basement with garage access
