Duplex with Updated First-Floor
7965 LANGDON STREET, Philadelphia, PA 19111
For Sale
New
$420,000
The second-floor residence is leased month to month, and both units have separate electrical panels.
Property Size2,338 SF
Price / SF$179.64
Days on Market3
Property Features for 7965 LANGDON STREET
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
shared laundry facilities
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
BHHS Fox & Roach-Southampton
Listed By:
Jodi Costin · License PA RS147766A
(215) 530-5221
Source:
Lizclarkrealestate
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:27PM
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 BHHS Fox & Roach-Southampton
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Investment Insights
Based on property information with market context.
This masonry duplex contains 2,338 square feet of finished area and dates to 1965. Improvements to the first-floor unit include a remodeled kitchen with wood cabinetry, subway tile, a gas range and stainless steel refrigerator, along with a renovated bathroom. Windows have been replaced throughout, and each unit has a new electrical panel. The first-floor heating system is new; the second-floor heater was replaced in 2023.
A shared laundry area includes a washer and dryer, which are conveyed as-is. The driveway accommodates two vehicles. The second-floor unit is occupied under a month-to-month rental arrangement.
A shared laundry area includes a washer and dryer, which are conveyed as-is. The driveway accommodates two vehicles. The second-floor unit is occupied under a month-to-month rental arrangement.
Key Highlights
- 2,338 square feet of finished area
- First‑floor kitchen and bathroom have been remodeled
- Replacement windows and a new electrical panel in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,390
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
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
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 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 7.47%
Second Best
Apartment 5plus
$413.5K
$361.9K – $482.5K
NOI $28,948 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$708.9K
$620.3K – $827.0K
NOI $49,620 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
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
$244,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Philadelphia, PA
Properties on Market for Duplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The second-floor residence is leased month to month, and both units have separate electrical panels.
Where is this duplex located?
The property is located at 7965 LANGDON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 2,338 square feet of finished area; First‑floor kitchen and bathroom have been remodeled; Replacement windows and a new electrical panel in each unit
