All-Brick Twin
For Sale
$390,000
7531 Watson St, Philadelphia, PA 19111
All-brick twin duplex with two 2-bedroom, 1-bath units, each with its own interior basement access and private backyard.
Property Size1,664 SF
Price / SF$234.38
Days on Market194
Property Features for 7531 Watson St
General Information
Standard status
Active
Size
1,664 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Northeast Philadelphia
Additional Details
Multifamily Units
2
Amenities
private backyard
full basement
Building Details
Year Built
1940
Construction
all-brick
Tenancy
Multi
Listing Agency:
Home Max Realty
Listed By:
Jie Chen · License #RM424964
(215) 820-1621
Source:
Bethsamberg
Added: Apr 21
Changed: Oct 25
Last Checked: Oct 7 at 1:58PM
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 Home Max Realty
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Investment Insights
Based on property information with market context.
Rare all-brick twin duplex in Fox Chase offers two residential units, each featuring two bedrooms and one full bathroom. The property is currently occupied by long-term, stable tenants. Both units have their own interior access to a full, clean, and dry basement that is equal in size, with walk-out access to a private backyard.
Front parking is available for two cars, supporting convenient day-to-day access for residents. Reported updates include a roof approximately six years old, gas furnaces replaced in 2019, hot water heaters updated in 2016, and some upgraded windows. The home is described as in move-in condition and well maintained.
With separate unit access to basements and outdoor space, the layout supports straightforward day-to-day management while maintaining independent resident areas.
Front parking is available for two cars, supporting convenient day-to-day access for residents. Reported updates include a roof approximately six years old, gas furnaces replaced in 2019, hot water heaters updated in 2016, and some upgraded windows. The home is described as in move-in condition and well maintained.
With separate unit access to basements and outdoor space, the layout supports straightforward day-to-day management while maintaining independent resident areas.
Key Highlights
- All‑brick twin duplex built in 1940 with two 2‑bedroom, 1‑bath units
- Each unit has interior access to a full, clean, dry basement (equal size) with walk‑out access to a private backyard
- Long‑term tenants in place for immediate rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,341
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,820
$446.8K
Cap Rate 7%
$319,157
$319.2K
Cap Rate 9%
$248,233
$248.2K
Market Conditions
NOI Build-Up for 1,664 SF
Gross rent
$32.9K $19.80/SF
− Vacancy
−$1.0K −$0.62/SF
EGI
$31.9K $19.18/SF
− OpEx
−$9.6K −$5.75/SF
NOI
$22.3K $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 Rate 5%
$446,820
Cap Rate 7%
$319,157
Cap Rate 9%
$248,233
Alternative Uses
Best Use
Multifamily LT 5
$319.2K
$279.3K – $372.4K
NOI $22,341 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$294.3K
$257.5K – $343.4K
NOI $20,603 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$504.5K
$441.5K – $588.6K
NOI $35,316 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,630
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - All-brick twin duplex with two 2-bedroom, 1-bath units, each with its own interior basement access and private backyard.
Where is this duplex located?
The property is located at 7531 Watson St Philadelphia, PA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: All‑brick twin duplex built in 1940 with two 2‑bedroom, 1‑bath units; Each unit has interior access to a full, clean, dry basement (equal size) with walk‑out access to a private backyard; Long‑term tenants in place for immediate rental income
