Modern Twin Duplex
7962 Summerdale Avenue Philadelphia, PA 19111
7962 Summerdale Avenue, Philadelphia, PA, 19111
$349,900
For Sale
$349,900
Well-maintained twin duplex offers two occupied units, separate utilities, and basements with dedicated laundry and storage.
Property Size1,486 SF
Price / SF$235.46
Days on Market75
Property Features for 7962 Summerdale Avenue
General Information
- Standard status
- Active
- Size
- 1,486 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1963
Listing agency
Coldwell Banker Hearthside Realtors
(215) 947-1811
Listed by
Curt Gasper · License #RS203182L
(215) 947-1811
Source
Compass
Added: May 10 Updated: Jul 21 at 3:55PM Checked: Jul 22 at 7:54AM
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 Coldwell Banker Hearthside Realtors
Investment Insights
Based on property information with market context.
This modern twin duplex provides two well-proportioned units with a light and bright living room, dining room/kitchen, ceramic tile full bathroom, and a large bedroom. Both units include access to a full, large basement with plenty of storage, along with a separate laundry area.
The property also features rear access to a super large fenced-in yard. Separate utilities are in place, and both units are currently occupied.
Located at 7962 Summerdale Avenue in Philadelphia, the layout is designed for straightforward day-to-day operation with tenant separation through independent utilities and dedicated basement laundry/storage space.
The property also features rear access to a super large fenced-in yard. Separate utilities are in place, and both units are currently occupied.
Located at 7962 Summerdale Avenue in Philadelphia, the layout is designed for straightforward day-to-day operation with tenant separation through independent utilities and dedicated basement laundry/storage space.
Key Highlights
- Twin duplex built in 1963 with two occupied units
- Each unit has separate utilities
- Full large basement with plenty of storage and a separate laundry area
Local 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 | $29.4k | $19.80 |
| − Vacancy | −$921 | −$0.62 |
| EGI | $28.5k | $19.18 |
| − OpEx | −$8.6k | −$5.75 |
| NOI | $20.0k | $13.43 |
1,486 SF · lease $19.80/SF/yr · vacancy 3.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$285.0K
$249.4K – $332.5K
NOI $19,951 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$262.8K
$230.0K – $306.7K
NOI $18,399 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$450.5K
$394.2K – $525.6K
NOI $31,538 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained twin duplex offers two occupied units, separate utilities, and basements with dedicated laundry and storage.
Where is this duplex located?
The property is located at 7962 Summerdale Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Twin duplex built in 1963 with two occupied units; Each unit has separate utilities; Full large basement with plenty of storage and a separate laundry area
