Brick Duplex with Attached
For Sale
Contact for pricing
Pending
7205 Barnard Street, Philadelphia, PA 19149
Two-bedroom units, independent utilities, and updated windows support a practical residential income configuration.
Property Size1,720 SF
Days on Market2313
Property Features for 7205 Barnard Street
General Information
Standard status
Pending
Size
1,720 SF
Total Parking Spaces
2
Property subtype
Special Purpose
Site & Location
Neighborhood
Northeast Philadelphia
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Building Details
Year Built
1948
Buildings
1
Construction
Brick
Tenancy
Multi
Listing Agency:
Coldwell Banker Hearthside Huntingdon Valley
Listed By:
Don Rowley · License #PA
Source:
Crexi
Added: Jun 25, 2020
Changed: Oct 9
Last Checked: Oct 23 at 3:25AM
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 Coldwell Banker Hearthside Huntingdon Valley
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Investment Insights
Based on property information with market context.
This 1948 brick duplex contains two two-bedroom units, creating a straightforward residential income property with separate utility service for each unit except water. Replacement windows have been installed throughout the building. The property also includes an attached two-car garage, adding enclosed parking and storage capacity to the improvements.
The building is located at 7205 Barnard Street in Philadelphia, with access from Cottman Avenue and proximity to Roosevelt Boulevard, also identified as Rt 1. The first-floor unit is occupied under a month-to-month lease, while the second-floor unit is also rented. The two-car garage is currently used by the owner.
The building is located at 7205 Barnard Street in Philadelphia, with access from Cottman Avenue and proximity to Roosevelt Boulevard, also identified as Rt 1. The first-floor unit is occupied under a month-to-month lease, while the second-floor unit is also rented. The two-car garage is currently used by the owner.
Key Highlights
- Brick duplex with 2 bedrooms in each unit
- Separate utilities for each unit except water
- Attached 2 car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,493
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,860
$489.9K
Cap Rate 7%
$349,900
$349.9K
Cap Rate 9%
$272,144
$272.1K
Market Conditions
NOI Build-Up for 1,720 SF
Gross rent
$36.1K $21.00/SF
− Vacancy
−$1.1K −$0.66/SF
EGI
$35.0K $20.34/SF
− OpEx
−$10.5K −$6.10/SF
NOI
$24.5K $14.24/SF
Area
ZIP 19149
Vacancy
3.13%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,860
Cap Rate 7%
$349,900
Cap Rate 9%
$272,144
Alternative Uses
Best Use
Apartment 5plus
$3.29M
$2.88M – $3.84M
NOI $230,525 @ 7.0% cap · market cap 67.80%
Second Best
Multifamily LT 5
$349.9K
$306.2K – $408.2K
NOI $24,493 @ 7.0% cap · market cap 7.20%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,451
Businesses Nearby
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Business Placement
Demographics for 19149, PA
60,408
Population
20,810
Households
2.9
Avg Household Size
33
Median Age
15%
College-Educated
76%
High-School Grad
2.4 sq mi
ZIP Area
25,170
Density / Sq Mi
$54,679
Median Household Income
$33,111
Median Earnings
$1,484
Median Rent
$198,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units, independent utilities, and updated windows support a practical residential income configuration.
Where is this duplex located?
The property is located at 7205 Barnard Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Brick duplex with 2 bedrooms in each unit; Separate utilities for each unit except water; Attached 2 car garage
