Modern Duplex With Fenced
For Sale
$329,900
7962 Summerdale Ave, Philadelphia, PA 19111
Two occupied units offer separate utilities, basement storage, and individual laundry areas.
Property Size1,486 SF
Price / SF$222.01
Days on Market72
Property Features for 7962 Summerdale Ave
General Information
Standard status
Active
Size
1,486 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
laundry area
fenced yard
Building Details
Year Built
1963
Listing Agency:
Coldwell Banker Hearthside Realtors
Listed By:
Curt Gasper · License #RS203182L
(215) 947-1811
Source:
Upgradebymichaud
Added: Aug 12
Changed: Oct 13
Last Checked: Oct 20 at 11:51PM
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
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Investment Insights
Based on property information with market context.
This modern duplex, built in 1963, contains two occupied units with generously sized rooms and bright living areas. Each unit includes a living room, dining and kitchen area, ceramic-tile full bathroom, and a large bedroom. Full basements provide additional storage along with separate laundry areas.
Rear exits open to a large fenced yard, while separate utilities serve the two units. The property is located at 7962 Summerdale Avenue in Philadelphia, Pennsylvania.
Rear exits open to a large fenced yard, while separate utilities serve the two units. The property is located at 7962 Summerdale Avenue in Philadelphia, Pennsylvania.
Key Highlights
- Two occupied units with separate utilities
- Built in 1963
- Full basements with storage and separate laundry areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,951
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,020
$399.0K
Cap Rate 7%
$285,014
$285.0K
Cap Rate 9%
$221,678
$221.7K
Market Conditions
NOI Build-Up for 1,486 SF
Gross rent
$29.4K $19.80/SF
− Vacancy
−$921 −$0.62/SF
EGI
$28.5K $19.18/SF
− OpEx
−$8.6K −$5.75/SF
NOI
$20.0K $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%
$399,020
Cap Rate 7%
$285,014
Cap Rate 9%
$221,678
Alternative Uses
Best Use
Multifamily LT 5
$285.0K
$249.4K – $332.5K
NOI $19,951 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$262.8K
$230.0K – $306.7K
NOI $18,399 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$450.5K
$394.2K – $525.6K
NOI $31,538 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,127
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units offer separate utilities, basement storage, and individual laundry areas.
Where is this duplex located?
The property is located at 7962 Summerdale Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two occupied units with separate utilities; Built in 1963; Full basements with storage and separate laundry areas
