Twin Ranch Duplex with Rear
8118 Ryers Avenue Philadelphia, PA 19111
For Sale
$419,900
Pending
Newer brick-and-aluminum twin ranch duplex built in 1984, offering two 2-bedroom apartments with in-unit laundry and off-street parking.
Property Size1,860 SF
Days on Market27
Property Features for 8118 Ryers Avenue
General Information
- Standard status
- Pending
- Size
- 1,860 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1984
Listing Agency:
Coldwell Banker Hearthside Realtors
(215) 776-1212
Listed By:
Robert C Weiss · License #RM421312
(215) 776-1212
Source:
Compass
Added: Jun 29
Changed: Jul 21
Last Checked: Jul 24 at 2:16PM
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 newer brick and aluminum-sided twin ranch duplex was built in 1984 and features two roomy 2-bedroom apartments. Each unit includes a large living room, a dining area, and a kitchen equipped with a dishwasher and gas cooking, plus in-unit laundry. Both apartments have gas H/A heat with central air conditioning and their own electric service, with all utilities separated except cold water and sewer. A gas hot water heater is listed as newer for the second-floor unit (11/2024) and the first-floor unit’s hot water heater is listed as newer (7/2019). The first-floor unit also has a newer kitchen.
The property provides off-street parking and a large rear yard. Transit options are described as a bus stop and a commuter rail station both located less than 1 mile away.
Both units are described as month-to-month and currently leased.
The property provides off-street parking and a large rear yard. Transit options are described as a bus stop and a commuter rail station both located less than 1 mile away.
Both units are described as month-to-month and currently leased.
Key Highlights
- Built in 1984, newer brick and aluminum‑sided twin ranch duplex with two separate 2‑bedroom apartments
- Each unit includes a large living room, dining area, kitchen with dishwasher and gas cooking, and in‑unit laundry
- Utilities: each unit has its own electric service; gas H/A heat with central air, and gas hot water heater (2nd flr new 11/2024, 1st flr 7/2019)
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 | $36.8k | $19.80 |
| − Vacancy | −$1.2k | −$0.62 |
| EGI | $35.7k | $19.18 |
| − OpEx | −$10.7k | −$5.75 |
| NOI | $25.0k | $13.43 |
1,860 SF · lease $19.80/SF/yr · vacancy 3.13% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$356.8K
$312.2K – $416.2K
NOI $24,973 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$329.0K
$287.9K – $383.8K
NOI $23,030 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$563.9K
$493.4K – $657.9K
NOI $39,475 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Newer brick-and-aluminum twin ranch duplex built in 1984, offering two 2-bedroom apartments with in-unit laundry and off-street parking.
Where is this duplex located?
The property is located at 8118 Ryers Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Built in 1984, newer brick and aluminum‑sided twin ranch duplex with two separate 2‑bedroom apartments; Each unit includes a large living room, dining area, kitchen with dishwasher and gas cooking, and in‑unit laundry; Utilities: each unit has its own electric service; gas H/A heat with central air, and gas hot water heater (2nd flr new 11/2024, 1st flr 7/2019)
