Philadelphia Duplex with Separate
For Sale
$309,900
7235 Dungan Road, Philadelphia, PA 19111
Duplex with tenant-occupied unit and vacant unit for flexibility.
Property Size1,280 SF
Price / SF$242.11
Days on Market77
Property Features for 7235 Dungan Road
General Information
Standard status
Active
Size
1,280 SF
Property subtype
Multi-Family / Fee Simple
Zoning
DUPLEX
Taxes and HOA fees
Annual Taxes
$305,000
Amenities
No
Yes - Personal
Above Ground, Other
Building Details
Year Built
1952
Listing Agency:
Northpoint Real Estate
(215) 962-6800
Listed By:
Adam S Glazer · License #RB067563
(215) 962-6800
Source:
Compass
Added: May 27
Changed: Aug 8
Last Checked: Jul 16 at 6:29AM
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 Northpoint Real Estate
Investment Insights
Based on property information with market context.
This duplex features separate utilities for each unit. The first-floor unit is currently occupied by a tenant with a lease extending through August 2026, generating a monthly income of $970. The second-floor unit is vacant, offering flexibility for either an owner-occupant or an investor. A shared driveway provides parking. The basement includes washer and dryer hookups. The above-ground pool in the rear yard belongs to the first-floor tenant. Located in Philadelphia, specifically within the 19111 MLS Area, the property falls under the PHILADELPHIA CITY School District. The local middle or junior school is WOODROW WILSON. The property size is 1280 square feet. Please note that the provided photos showcase only the second-floor apartment.
Key Highlights
- Duplex with separate utilities for each unit.
- One unit is vacant**, perfect for owner‑occupancy or investment.
- Tenant‑occupied unit generates $970/month income through August 2026.
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
$17,186
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
5.55%
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%
$343,720
$343.7K
Cap Rate 7%
$245,514
$245.5K
Cap Rate 9%
$190,956
$191.0K
Market Conditions
NOI Build-Up for 1,280 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
$25.3K $19.80/SF
− Vacancy
−$793 −$0.62/SF
EGI
$24.6K $19.18/SF
− OpEx
−$7.4K −$5.75/SF
NOI
$17.2K $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%
$343,720
Cap Rate 7%
$245,514
Cap Rate 9%
$190,956
Alternative Uses
Best Use
Multifamily LT 5
$245.5K
$214.8K – $286.4K
NOI $17,186 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$226.4K
$198.1K – $264.1K
NOI $15,848 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$388.1K
$339.6K – $452.8K
NOI $27,166 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
992
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 - Duplex with tenant-occupied unit and vacant unit for flexibility.
Where is this duplex located?
The property is located at 7235 Dungan Road Philadelphia, PA.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Duplex with separate utilities for each unit.; One unit is vacant**, perfect for owner‑occupancy or investment.; Tenant‑occupied unit generates $970/month income through August 2026.
