Two-Unit Duplex with
For Sale
$339,900
7251 HAVERFORD AVENUE, Philadelphia, PA 19151
Tenant-occupied duplex with separate entrances, shared basement access, and a rear garage reached by the common driveway.
Property Size1,722 SF
Days on Market323
Property Features for 7251 HAVERFORD AVENUE
General Information
Standard status
Active
Size
1,722 SF
Property subtype
Duplex
Additional Details
Road Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,390
Amenities
cement patio
common foyer
storage bins
garage access
Building Details
Building Size
1,722 SF
Year Built
1949
Buildings
1
Listing Agency:
Haverson Realty Incorporated
(215) 877-7800
Listed By:
Lisa E Reese · License #RS191343L
(215) 877-7800
Source:
Patmckennarealtors
Added: Oct 14, 2025
Changed: Aug 29
Last Checked: Aug 30 at 10:35PM
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 Haverson Realty Incorporated
Investment Insights
Based on property information with market context.
Built in 1949, this two-unit duplex includes a two-bedroom layout and 3 psc bath in each unit. Both residences feature combined living and kitchen areas, separate entrances, and access to a shared entry foyer. The partial basement provides cement flooring, tenant storage bins, heating equipment, hot water tanks, and access to the garage. A front yard and cement patio add outdoor space, while the garage currently provides an additional rental opportunity.
The property is in Philadelphia’s Overbrook Park section near City Line, Haverford Avenue shopping, 69th Street shopping, a park and playground, and a public library. It is also close to a new golf course. The property is tenant occupied, and showings require 24–48 hours’ notice with the listing agent or owner present.
The property is in Philadelphia’s Overbrook Park section near City Line, Haverford Avenue shopping, 69th Street shopping, a park and playground, and a public library. It is also close to a new golf course. The property is tenant occupied, and showings require 24–48 hours’ notice with the listing agent or owner present.
Key Highlights
- Two‑unit duplex with two bedrooms and a 3 psc bath in each unit
- Roof installed in February 2023
- Rear garage accessed from the common driveway and currently rented separately
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
$29,386
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
8.65%
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%
$587,720
$587.7K
Cap Rate 7%
$419,800
$419.8K
Cap Rate 9%
$326,511
$326.5K
Market Conditions
NOI Build-Up for 1,722 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
$44.4K $25.80/SF
− Vacancy
−$2.4K −$1.42/SF
EGI
$42.0K $24.38/SF
− OpEx
−$12.6K −$7.31/SF
NOI
$29.4K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /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%
$587,720
Cap Rate 7%
$419,800
Cap Rate 9%
$326,511
Alternative Uses
Best Use
Multifamily LT 5
$419.8K
$367.3K – $489.8K
NOI $29,386 @ 7.0% cap · market cap 8.65%
Second Best
Apartment 5plus
$386.9K
$338.6K – $451.4K
NOI $27,086 @ 7.0% cap · market cap 7.97%
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
Explore this area
Business Placement
Demographics for 19151, PA
30,394
Population
15,084
Households
2
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
12,664
Density / Sq Mi
$58,046
Median Household Income
$42,504
Median Earnings
$1,167
Median Rent
$181,200
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 - Tenant-occupied duplex with separate entrances, shared basement access, and a rear garage reached by the common driveway.
Where is this duplex located?
The property is located at 7251 HAVERFORD AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Two‑unit duplex with two bedrooms and a 3 psc bath in each unit; Roof installed in February 2023; Rear garage accessed from the common driveway and currently rented separately
