Renovated Duplex with Private
For Sale
$469,000
7959 LANGDON Street, Philadelphia, PA 19111
Multi-Family, PHILADELPHIA, PA
Property Size2,338 SF
Lot Size0.07 Acres
Price / SF$200.60
Days on Market26
Property Features for 7959 LANGDON Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
2
Parking features
Driveway, Alley
Appliances
Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances
Subdivision
RHAWNHURST
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,338 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
5376
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
common area for 2 washers and 2 dryers
central heating and air conditioning
Building Details
Year built
1965
Number of units
2
Building materials
Masonry, Brick
Architectural style
Modern
Listing Agency:
Keller Williams Realty - Moorestown
(856) 316-1100
Listed By:
Isis Yovana Toledo Rosas · License #RS375314
(215) 740-2068
Added: Sep 7
Changed: Sep 21
Last Checked: Oct 2 at 3:06AM
MLS# PAPH2662330
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 modern duplex contains 2,338 square feet and sits on a 0.0734-acre lot. The property was built in 1965 and has been recently renovated, with masonry and brick construction, central heating, and central air conditioning serving each unit. Interior appliances include gas oven/ranges, refrigerators, microwaves, and stainless steel appliances.
A rear alley provides 2 private parking spots, while a common laundry area accommodates 2 washers and 2 dryers with separate access from each unit. The property is located on Langdon Street in Philadelphia’s Rhawnhurst neighborhood, near Rhawn Street and within reach of Verree Road and Castor Avenue. Burholme Park, Fox Chase Recreation Center, Roosevelt Mall, grocery stores, and shopping are nearby, with access to 2 Regional Rail lines for travel toward Center City and beyond.
A rear alley provides 2 private parking spots, while a common laundry area accommodates 2 washers and 2 dryers with separate access from each unit. The property is located on Langdon Street in Philadelphia’s Rhawnhurst neighborhood, near Rhawn Street and within reach of Verree Road and Castor Avenue. Burholme Park, Fox Chase Recreation Center, Roosevelt Mall, grocery stores, and shopping are nearby, with access to 2 Regional Rail lines for travel toward Center City and beyond.
Key Highlights
- 2,338 square feet on a 0.0734‑acre lot
- 2 private parking spots accessed from the rear alley
- Common laundry area with 2 washers and 2 dryers
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
$31,390
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
6.69%
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%
$627,800
$627.8K
Cap Rate 7%
$448,429
$448.4K
Cap Rate 9%
$348,778
$348.8K
Market Conditions
NOI Build-Up for 2,338 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
$46.3K $19.80/SF
− Vacancy
−$1.4K −$0.62/SF
EGI
$44.8K $19.18/SF
− OpEx
−$13.5K −$5.75/SF
NOI
$31.4K $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%
$627,800
Cap Rate 7%
$448,429
Cap Rate 9%
$348,778
Alternative Uses
Best Use
Multifamily LT 5
$448.4K
$392.4K – $523.2K
NOI $31,390 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$413.5K
$361.9K – $482.5K
NOI $28,948 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$708.9K
$620.3K – $827.0K
NOI $49,620 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,127
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with central HVAC, dedicated laundry access, and brick masonry construction in Northeast Philadelphia.
Where is this duplex located?
The property is located at 7959 LANGDON Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: 2,338 square feet on a 0.0734‑acre lot; 2 private parking spots accessed from the rear alley; Common laundry area with 2 washers and 2 dryers
