Two-Unit Brick
For Sale
Under Contract
$455,000
8534 VERREE ROAD, Philadelphia, PA 19111
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,848 SF
Price / SF$246.21
Days on Market93
Property Features for 8534 VERREE ROAD
General Information
Property type
Residential Multi Family
Property subtype
Duplex
High school
GEORGE WASHINGTON
Standard status
Active Under Contract
Size
1,848 SF
Building Details
Year built
1954
Listing Agency:
BHHS Fox & Roach Media Home Marketing Center · Berkshire Hathaway HomeServices
(610) 566-3000
Listed By:
Charlotte Martin
(610) 202-9558
Added: May 12
Changed: Jul 23
Last Checked: Aug 12 at 11:06PM
MLS# PAPH2620032
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit twin brick duplex offers two separate residences, each with two bedrooms, one bath, and a kitchen and dining area. The basement is finished and includes laundry hookups, with inside access for each tenant from the foyer. A two-car garage is included, and all utilities are separate for each unit.
The property is located in Fox Chase with Champions Park visible from the front door. Public transportation is available at the corner, and the home is described as just minutes from I-95, with shopping nearby.
Each unit functions independently, making the layout suitable for an owner-occupant or an investor seeking a straightforward two-unit configuration.
The property is located in Fox Chase with Champions Park visible from the front door. Public transportation is available at the corner, and the home is described as just minutes from I-95, with shopping nearby.
Each unit functions independently, making the layout suitable for an owner-occupant or an investor seeking a straightforward two-unit configuration.
Key Highlights
- 1954 two‑unit brick duplex in Fox Chase
- Two identical units, each with 2 bedrooms, 1 bath, kitchen, and dining area
- Finished basement with laundry hookups plus inside access from each unit
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
$24,812
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
5.45%
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%
$496,240
$496.2K
Cap Rate 7%
$354,457
$354.5K
Cap Rate 9%
$275,689
$275.7K
Market Conditions
NOI Build-Up for 1,848 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
$36.6K $19.80/SF
− Vacancy
−$1.1K −$0.62/SF
EGI
$35.4K $19.18/SF
− OpEx
−$10.6K −$5.75/SF
NOI
$24.8K $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%
$496,240
Cap Rate 7%
$354,457
Cap Rate 9%
$275,689
Alternative Uses
Best Use
Multifamily LT 5
$354.5K
$310.2K – $413.5K
NOI $24,812 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$326.9K
$286.0K – $381.4K
NOI $22,881 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$560.3K
$490.3K – $653.7K
NOI $39,221 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
189
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 - Two separate two-bedroom units in a brick duplex with finished basement, laundry hookups, and a two-car garage.
Where is this duplex located?
The property is located at 8534 VERREE ROAD Philadelphia, PA.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: 1954 two‑unit brick duplex in Fox Chase; Two identical units, each with 2 bedrooms, 1 bath, kitchen, and dining area; Finished basement with laundry hookups plus inside access from each unit
