Twin Ranch Duplex with Rear
For Sale
$419,900
Pending
8118 Ryers Avenue, Philadelphia, PA 19111
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 Market73
Property Features for 8118 Ryers Avenue
General Information
Standard status
Pending
Size
1,860 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Fee Simple
Zoning
RSA3-RESIDENTIAL
Taxes and HOA fees
Annual Taxes
$5,039
Amenities
No
Range Hood, Refrigerator
Insulated
Carpet, Bathroom - Tub Shower, Dining Area
No Pool
Sidewalks
Building Details
Year Built
1984
Listing Agency:
Coldwell Banker Hearthside Realtors
Listed By:
Robert C Weiss · License #RM421312
(215) 776-1212
Source:
Compass
Added: Jun 29
Changed: Aug 8
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
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
$24,973
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
5.95%
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%
$499,460
$499.5K
Cap Rate 7%
$356,757
$356.8K
Cap Rate 9%
$277,478
$277.5K
Market Conditions
NOI Build-Up for 1,860 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
$36.8K $19.80/SF
− Vacancy
−$1.2K −$0.62/SF
EGI
$35.7K $19.18/SF
− OpEx
−$10.7K −$5.75/SF
NOI
$25.0K $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 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%
$499,460
Cap Rate 7%
$356,757
Cap Rate 9%
$277,478
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,023
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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)
