2-Unit Duplex with
New
For Sale
$459,000
7611 HORROCKS STREET, Philadelphia, PA 19152
Both apartments are leased and include central air conditioning, natural gas heat, and in-unit laundry.
Property Size1,800 SF
Price / SF$255
Days on Market3
Property Features for 7611 HORROCKS STREET
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
2
Property subtype
Duplex
Occupancy
100%
Financials
Gross Income
$33,000
Average Monthly Rent
$1,375
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
central air conditioning
in-unit washer and dryer
dishwasher
microwave
garbage disposal
Building Details
Year Built
1962
Buildings
1
Tenancy
Multi
Listing Agency:
Real of Pennsylvania
(855) 450-0442
Listed By:
Amanda Renee McBride · License #RS341226
(267) 574-1192
Source:
Cummingsrealtors
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:43AM
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 Real of Pennsylvania
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Investment Insights
Based on property information with market context.
This Philadelphia duplex contains two apartments, one on each floor, with each offering two bedrooms and one bathroom. Both units are leased to long-term tenants. In-unit features include central air conditioning, natural gas heat and hot water, a washer and dryer, dishwasher, microwave, and garbage disposal. A two-car garage provides additional parking and storage.
The building was constructed in 1962 and contains 1,800 square feet. Gas, electric, and water service are paid by the tenants. The two-floor configuration and separate apartments provide a straightforward layout for continued rental use or owner occupancy alongside a leased unit.
The building was constructed in 1962 and contains 1,800 square feet. Gas, electric, and water service are paid by the tenants. The two-floor configuration and separate apartments provide a straightforward layout for continued rental use or owner occupancy alongside a leased unit.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 1,800 square feet; built in 1962
- Both units currently leased to long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,717
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,340
$614.3K
Cap Rate 7%
$438,814
$438.8K
Cap Rate 9%
$341,300
$341.3K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$46.4K $25.80/SF
− Vacancy
−$2.6K −$1.42/SF
EGI
$43.9K $24.38/SF
− OpEx
−$13.2K −$7.31/SF
NOI
$30.7K $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 Rate 5%
$614,340
Cap Rate 7%
$438,814
Cap Rate 9%
$341,300
Alternative Uses
Best Use
Multifamily LT 5
$438.8K
$384.0K – $512.0K
NOI $30,717 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$404.5K
$353.9K – $471.9K
NOI $28,313 @ 7.0% cap · market cap 6.17%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,668
Businesses Nearby
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Business Placement
Demographics for 19152, PA
35,911
Population
13,715
Households
2.6
Avg Household Size
41
Median Age
28%
College-Educated
88%
High-School Grad
2.9 sq mi
ZIP Area
12,383
Density / Sq Mi
$57,966
Median Household Income
$40,428
Median Earnings
$1,236
Median Rent
$270,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are leased and include central air conditioning, natural gas heat, and in-unit laundry.
Where is this duplex located?
The property is located at 7611 HORROCKS STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 1,800 square feet; built in 1962; Both units currently leased to long‑term tenants
