Two-Unit Duplex with
For Sale
$459,900
8208 ROCKWELL AVENUE, Philadelphia, PA 19111
Separate residences feature updated kitchens and baths, plus shared access to laundry and storage areas.
Property Size2,160 SF
Price / SF$212.92
Days on Market49
Property Features for 8208 ROCKWELL AVENUE
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
laundry room
storage area
yard
Building Details
Year Built
1962
Listing Agency:
Home Solutions Realty Group
(215) 715-9346
Listed By:
Tim Horrell · License #AB048348L
(215) 715-9346
Source:
Cummingsrealtors
Added: Jul 13
Changed: Aug 28
Last Checked: Aug 29 at 9:05AM
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 Home Solutions Realty Group
Investment Insights
Based on property information with market context.
This 2,160-square-foot duplex contains two residential units with a 3+2 bedroom configuration. The lower residence includes two bedrooms along with an updated kitchen and bathroom. Upstairs, the layout resembles a three-bedroom ranch home, with a notably large primary bedroom and refreshed kitchen and bathroom. Both units connect to a shared laundry room and storage area.
The property also includes side and rear yard space with a secluded outdoor setting. Located at 8208 Rockwell Ave in Philadelphia, the duplex offers a residential income property configuration with flexibility for separate occupancy or owner use of one unit, as supported by the existing two-unit layout.
The property also includes side and rear yard space with a secluded outdoor setting. Located at 8208 Rockwell Ave in Philadelphia, the duplex offers a residential income property configuration with flexibility for separate occupancy or owner use of one unit, as supported by the existing two-unit layout.
Key Highlights
- 2,160 SF duplex with a 3+2 bedroom unit mix
- First‑floor unit has 2 bedrooms and updated kitchen and bath
- Second‑floor unit is configured as a 3‑bedroom ranch‑style residence
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
$29,001
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
6.31%
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%
$580,020
$580.0K
Cap Rate 7%
$414,300
$414.3K
Cap Rate 9%
$322,233
$322.2K
Market Conditions
NOI Build-Up for 2,160 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
$42.8K $19.80/SF
− Vacancy
−$1.3K −$0.62/SF
EGI
$41.4K $19.18/SF
− OpEx
−$12.4K −$5.75/SF
NOI
$29.0K $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%
$580,020
Cap Rate 7%
$414,300
Cap Rate 9%
$322,233
Alternative Uses
Best Use
Multifamily LT 5
$414.3K
$362.5K – $483.4K
NOI $29,001 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$382.1K
$334.3K – $445.7K
NOI $26,744 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$654.9K
$573.0K – $764.0K
NOI $45,842 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
688
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 - Separate residences feature updated kitchens and baths, plus shared access to laundry and storage areas.
Where is this duplex located?
The property is located at 8208 ROCKWELL AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: 2,160 SF duplex with a 3+2 bedroom unit mix; First‑floor unit has 2 bedrooms and updated kitchen and bath; Second‑floor unit is configured as a 3‑bedroom ranch‑style residence
