Renovated Two-Unit
For Sale
$220,000
741 S 58TH ST, Philadelphia, PA 19143
Two one-bedroom residences offer updated kitchens and bathrooms with central air conditioning.
Property Size1,140 SF
Price / SF$192.98
Days on Market51
Property Features for 741 S 58TH ST
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
central air conditioning
Building Details
Buildings
1
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
James F Roche Jr. · License #RS332204
(215) 714-9539
Source:
Opal-realestate
Added: Aug 3
Changed: Sep 12
Last Checked: Sep 22 at 3:40PM
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 KW Empower
Investment Insights
Based on property information with market context.
This duplex contains two separate residences, each arranged with one bedroom and one bathroom. Both units feature updated kitchens and bathrooms, wall-to-wall flooring, and central air conditioning. The property was built in 1920 and has undergone renovation, providing refreshed interiors within an established residential building.
Located at 741 S 58th Street in Philadelphia’s Cobbs Creek area, the property offers a two-unit configuration suited to residential income ownership or an owner-occupied arrangement with an additional unit. Each residence includes the same one-bedroom, one-bath layout and updated core finishes.
Located at 741 S 58th Street in Philadelphia’s Cobbs Creek area, the property offers a two-unit configuration suited to residential income ownership or an owner-occupied arrangement with an additional unit. Each residence includes the same one-bedroom, one-bath layout and updated core finishes.
Key Highlights
- Two‑unit duplex in Philadelphia’s Cobbs Creek area
- Each unit includes 1 bedroom and 1 bathroom
- Renovated property originally built in 1920
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
$12,350
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
5.61%
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%
$247,000
$247.0K
Cap Rate 7%
$176,429
$176.4K
Cap Rate 9%
$137,222
$137.2K
Market Conditions
NOI Build-Up for 1,140 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
$19.0K $16.68/SF
− Vacancy
−$1.4K −$1.20/SF
EGI
$17.6K $15.48/SF
− OpEx
−$5.3K −$4.64/SF
NOI
$12.3K $10.83/SF
Area
ZIP 19143
Vacancy
7.22%
Lease Rate
$16.68 /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%
$247,000
Cap Rate 7%
$176,429
Cap Rate 9%
$137,222
Alternative Uses
Best Use
Multifamily LT 5
$176.4K
$154.4K – $205.8K
NOI $12,350 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$156.9K
$137.3K – $183.1K
NOI $10,984 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$390.7K
$341.9K – $455.9K
NOI $27,351 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,372
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
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 - Two one-bedroom residences offer updated kitchens and bathrooms with central air conditioning.
Where is this duplex located?
The property is located at 741 S 58TH ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two‑unit duplex in Philadelphia’s Cobbs Creek area; Each unit includes 1 bedroom and 1 bathroom; Renovated property originally built in 1920
