Philadelphia Duplex with
For Sale
$410,000
7352 DUNGAN Road, Philadelphia, PA 19111
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,320 SF
Lot Size0.06 Acres
Price / SF$310.61
Days on Market1471
Property Features for 7352 DUNGAN Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
2
Parking features
Garage - Detached
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
1,320 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
3806
Utilities
Heating system
Baseboard, Hot Water(Heating)
Cooling system
Wall Unit(s)
Building Details
Year built
1960
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
RE/MAX Access · RE/MAX International
(215) 400-2600
Listed By:
Marvin J Vargas · License #RS270368
(215) 400-2618
Added: Aug 4, 2022
Changed: Jul 13
Last Checked: Aug 13 at 2:06AM
MLS# PAPH2146926
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This legal duplex features a bi-level one-bedroom apartment on the first floor, which includes a finished basement that can serve as a second bedroom or family room, along with a half bathroom. The first-floor unit has two entrances, a full bathroom, and access to the rear patio. The second floor contains a vacant one-bedroom apartment. The property includes a rear patio and a covered front patio. All utilities are separate, with two gas hot water tanks, two gas boilers, and two breaker boxes. A detached two-car garage (22x30) with office space offers additional income potential or storage for a contractor. The garage has 10-foot ceilings, high shelving around the ceiling walls, and electric heat. Located near Cottman Avenue, next to Montco, and approximately 5 minutes from Route 1, the corner property benefits from ample street parking. The property is suitable for both owner-occupants and investors.
Key Highlights
- Legal duplex with 1+2 layout: first floor bi‑level unit and a second‑floor 1‑bedroom apartment
- Finished basement includes a 1/2 bath and can be used as a second bedroom or family room (currently occupied with 3 months remaining on a 1‑year term)
- Two separate utilities and separate services: 2 gas HW tanks, 2 gas boilers, and 2 breaker boxes
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
$17,723
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
4.32%
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%
$354,460
$354.5K
Cap Rate 7%
$253,186
$253.2K
Cap Rate 9%
$196,922
$196.9K
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
$26.1K $19.80/SF
− Vacancy
−$818 −$0.62/SF
EGI
$25.3K $19.18/SF
− OpEx
−$7.6K −$5.75/SF
NOI
$17.7K $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%
$354,460
Cap Rate 7%
$253,186
Cap Rate 9%
$196,922
Alternative Uses
Best Use
Multifamily LT 5
$253.2K
$221.5K – $295.4K
NOI $17,723 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$233.5K
$204.3K – $272.4K
NOI $16,344 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$400.2K
$350.2K – $466.9K
NOI $28,015 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10 ft
Clear height
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
974
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 - Legal duplex with a two-car garage and office space.
Where is this duplex located?
The property is located at 7352 DUNGAN Road Philadelphia, PA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Legal duplex with 1+2 layout: first floor bi‑level unit and a second‑floor 1‑bedroom apartment; Finished basement includes a 1/2 bath and can be used as a second bedroom or family room (currently occupied with 3 months remaining on a 1‑year term); Two separate utilities and separate services: 2 gas HW tanks, 2 gas boilers, and 2 breaker boxes
