Tenant-Occupied
For Sale
$229,000
828 S 57TH STREET, Philadelphia, PA 19143
Lower-level occupancy is held by a long-term tenant interested in remaining.
Property Size1,246 SF
Price / SF$183.79
Days on Market15
Property Features for 828 S 57TH STREET
General Information
Standard status
Active
Size
1,246 SF
Property subtype
Duplex
Building Details
Year Built
1920
Listing Agency:
Tesla Realty Group, LLC
(302) 983-0571
Listed By:
Samuel C Iwu · License #RS225885L
(302) 983-0571
Source:
Cummingsrealtors
Added: Jul 28
Changed: Aug 11
Last Checked: Aug 11 at 6:44AM
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 Tesla Realty Group, LLC
Investment Insights
Based on property information with market context.
This 1,246-square-foot duplex at 828 S 57th Street was built in 1920 and is described as being in move-in condition. The lower-level residence is currently occupied by a long-term tenant who would like to continue living there if possible.
The property is in West Philadelphia, with transportation, universities, hospitals, restaurants, and shopping nearby. Its two-unit configuration provides a straightforward residential income property format in an established urban setting.
The property is in West Philadelphia, with transportation, universities, hospitals, restaurants, and shopping nearby. Its two-unit configuration provides a straightforward residential income property format in an established urban setting.
Key Highlights
- 1,246‑square‑foot duplex at 828 S 57th Street, Philadelphia, PA 19143
- Built in 1920
- Lower‑level unit occupied by a long‑term tenant
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
$13,498
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
5.89%
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%
$269,960
$270.0K
Cap Rate 7%
$192,829
$192.8K
Cap Rate 9%
$149,978
$150.0K
Market Conditions
NOI Build-Up for 1,246 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
$20.8K $16.68/SF
− Vacancy
−$1.5K −$1.20/SF
EGI
$19.3K $15.48/SF
− OpEx
−$5.8K −$4.64/SF
NOI
$13.5K $10.83/SF
Area
ZIP 19143
Vacancy
7.22%
Lease Rate
$16.68 /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%
$269,960
Cap Rate 7%
$192,829
Cap Rate 9%
$149,978
Alternative Uses
Best Use
Multifamily LT 5
$192.8K
$168.7K – $225.0K
NOI $13,498 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$171.5K
$150.1K – $200.1K
NOI $12,006 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$427.1K
$373.7K – $498.2K
NOI $29,894 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,372
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Lower-level occupancy is held by a long-term tenant interested in remaining.
Where is this duplex located?
The property is located at 828 S 57TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 1,246‑square‑foot duplex at 828 S 57th Street, Philadelphia, PA 19143; Built in 1920; Lower‑level unit occupied by a long‑term tenant
