Duplex with Finished
New
For Sale
$345,000
8259 FORREST AVENUE, Philadelphia, PA 19150
A renovated two-bedroom first-floor residence is paired with a tenant-occupied two-bedroom upper unit.
Property Size1,836 SF
Price / SF$187.91
Days on Market4
Property Features for 8259 FORREST AVENUE
General Information
Standard status
Active
Size
1,836 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Building Details
Year Built
1950
Buildings
1
Listing Agency:
Long & Foster Real Estate, Inc.
(215) 654-5900
Listed By:
Joy Stewart · License #RS296259
(267) 471-3061
Source:
Cummingsrealtors
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 8:54AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 1,836-square-foot duplex, built in 1950, has two-bedroom units on the first and second floors. The first-floor residence and finished basement have been renovated, with an updated kitchen featuring an island, hardwood floors, recessed lighting, and a renovated bathroom. The basement adds a bathroom, washer and dryer hookups, and side-yard access. The upper apartment has an updated bathroom and is occupied by a tenant.
Property improvements include a new roof, vinyl windows, and wall-mounted split systems for heating and air conditioning. A two-car garage and front and side yard space are also included. Located on Forrest Avenue in East Mt. Airy, the property is near local dining, shopping, and schools.
Property improvements include a new roof, vinyl windows, and wall-mounted split systems for heating and air conditioning. A two-car garage and front and side yard space are also included. Located on Forrest Avenue in East Mt. Airy, the property is near local dining, shopping, and schools.
Key Highlights
- 1,836‑square‑foot duplex with two‑bedroom units on both floors
- Renovated first‑floor unit and finished basement with bathroom and washer/dryer hookups
- Second‑floor two‑bedroom apartment is tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,331
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,620
$626.6K
Cap Rate 7%
$447,586
$447.6K
Cap Rate 9%
$348,122
$348.1K
Market Conditions
NOI Build-Up for 1,836 SF
Gross rent
$47.4K $25.80/SF
− Vacancy
−$2.6K −$1.42/SF
EGI
$44.8K $24.38/SF
− OpEx
−$13.4K −$7.31/SF
NOI
$31.3K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,620
Cap Rate 7%
$447,586
Cap Rate 9%
$348,122
Alternative Uses
Best Use
Multifamily LT 5
$447.6K
$391.6K – $522.2K
NOI $31,331 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$412.6K
$361.0K – $481.3K
NOI $28,879 @ 7.0% cap · market cap 8.37%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
Explore this area
Business Placement
Demographics for 19150, PA
23,126
Population
10,868
Households
2.1
Avg Household Size
47
Median Age
28%
College-Educated
91%
High-School Grad
1.5 sq mi
ZIP Area
15,417
Density / Sq Mi
$61,257
Median Household Income
$43,002
Median Earnings
$1,282
Median Rent
$225,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A renovated two-bedroom first-floor residence is paired with a tenant-occupied two-bedroom upper unit.
Where is this duplex located?
The property is located at 8259 FORREST AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 1,836‑square‑foot duplex with two‑bedroom units on both floors; Renovated first‑floor unit and finished basement with bathroom and washer/dryer hookups; Second‑floor two‑bedroom apartment is tenant‑occupied
