Two-Unit Duplex
For Sale
$255,000
Pending
7317 E WALNUT LANE, Philadelphia, PA 19138
Well-maintained duplex with two 2-bedroom, 1-bath units, including a month-to-month tenant on the second floor.
Property Size1,320 SF
Days on Market55
Property Features for 7317 E WALNUT LANE
General Information
Standard status
Pending
Size
1,320 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1950
Stories
2
Listing Agency:
Realty ONE Group Focus
(484) 500-1681
Listed By:
Lonnie Dexter Perry · License #RS365289
(215) 868-0491
Source:
Cummingsrealtors
Added: Jul 23
Changed: Sep 14
Last Checked: Sep 15 at 6:27AM
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 Realty ONE Group Focus
Investment Insights
Based on property information with market context.
This well-maintained duplex at 7317 E Walnut Lane features two separate units, each offering 2 bedrooms and 1 bathroom. The first-floor unit provides a spacious layout and natural lighting. The second-floor unit is currently tenant occupied on a month-to-month lease, creating immediate rental income while keeping flexibility for the future.
The property is located on a quiet, well-kept block with convenient access to public transportation, shopping and dining, as well as major roadways.
Overall, the duplex configuration supports straightforward owner-occupant or investment use, with two independently set up residential units and one unit already generating rental income on a month-to-month basis.
The property is located on a quiet, well-kept block with convenient access to public transportation, shopping and dining, as well as major roadways.
Overall, the duplex configuration supports straightforward owner-occupant or investment use, with two independently set up residential units and one unit already generating rental income on a month-to-month basis.
Key Highlights
- 1950‑built duplex with two units, each offering 2 bedrooms and 1 bathroom
- First‑floor unit available for owner occupancy or a new tenant
- Second‑floor unit is currently tenant occupied on a month‑to‑month lease
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
$22,526
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
8.83%
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%
$450,520
$450.5K
Cap Rate 7%
$321,800
$321.8K
Cap Rate 9%
$250,289
$250.3K
Market Conditions
NOI Build-Up for 1,320 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
$34.1K $25.80/SF
− Vacancy
−$1.9K −$1.42/SF
EGI
$32.2K $24.38/SF
− OpEx
−$9.7K −$7.31/SF
NOI
$22.5K $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%
$450,520
Cap Rate 7%
$321,800
Cap Rate 9%
$250,289
Alternative Uses
Best Use
Multifamily LT 5
$321.8K
$281.6K – $375.4K
NOI $22,526 @ 7.0% cap · market cap 8.83%
Second Best
Apartment 5plus
$296.6K
$259.5K – $346.1K
NOI $20,763 @ 7.0% cap · market cap 8.14%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
969
Businesses Nearby
Explore this area
Business Placement
Demographics for 19138, PA
31,816
Population
13,836
Households
2.3
Avg Household Size
39
Median Age
18%
College-Educated
89%
High-School Grad
1.8 sq mi
ZIP Area
17,676
Density / Sq Mi
$51,586
Median Household Income
$36,956
Median Earnings
$1,172
Median Rent
$167,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with two 2-bedroom, 1-bath units, including a month-to-month tenant on the second floor.
Where is this duplex located?
The property is located at 7317 E WALNUT LANE Philadelphia, PA.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 1950‑built duplex with two units, each offering 2 bedrooms and 1 bathroom; First‑floor unit available for owner occupancy or a new tenant; Second‑floor unit is currently tenant occupied on a month‑to‑month lease
