All-Brick Twin
For Sale
$390,000
Pending
7531 Watson Street, 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
Days on Market107
Property Features for 7531 Watson Street
General Information
Standard status
Pending
Size
1,664 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Fee Simple
Occupancy
100%
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
(215) 820-1621
Listed By:
Jie Chen · License #RM424964
(215) 820-1621
Source:
Compass
Added: Apr 21
Changed: Jul 23
Last Checked: Jul 24 at 2:54PM
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
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.9k | $19.80 |
| − Vacancy | −$1.0k | −$0.62 |
| EGI | $31.9k | $19.18 |
| − OpEx | −$9.6k | −$5.75 |
| NOI | $22.3k | $13.43 |
1,664 SF · lease $19.80/SF/yr · vacancy 3.13% · expense 30.00%
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.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,630
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 - 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 Street 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
