Updated End-of-Row
For Sale
$409,900
Pending
8728 GILLESPIE STREET, Philadelphia, PA 19136
Updated end-of-row duplex with two bedrooms per unit, a full basement, and fenced rear yard.
Property Size2,000 SF
Days on Market50
Property Features for 8728 GILLESPIE STREET
General Information
Standard status
Pending
Size
2,000 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
RSA5
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,739
Amenities
fenced rear yard
detached two-car garage
Central Air, Electric
Natural Gas, Forced Air
Gas Water Heater
Concrete, Garage, Attached
AirLite
Building Details
Building Size
2,000 SF
Year Built
1963
Stories
2
Tenancy
Multi
Listing Agency:
Philadelphia Regional Realty, LLC
Listed By:
Giovanni Carpino · License #RS296840
(267) 238-7156
Source:
Evrealestate
Added: Jul 20
Changed: Sep 2
Last Checked: Sep 7 at 4:41AM
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 Philadelphia Regional Realty, LLC
Investment Insights
Based on property information with market context.
This updated end-of-row duplex offers two fully updated units with a living room, dining area, updated kitchens, two bedrooms, and a full hall bathroom on the first floor and a renovated full bathroom on the second floor. A full basement provides storage, separate utility areas, laundry, and direct access to a detached two-car garage. Off-street parking is supported by a private driveway, and the home also features an expansive fenced rear yard.
Located in the Pennypack section of Northeast Philadelphia, the property is described as being minutes from Pennypack Park, shopping, restaurants, schools, public transportation, and with easy access to I-95.
The layout provides a straightforward two-unit configuration with dedicated living areas above and functional utility and parking support below and at the rear.
Located in the Pennypack section of Northeast Philadelphia, the property is described as being minutes from Pennypack Park, shopping, restaurants, schools, public transportation, and with easy access to I-95.
The layout provides a straightforward two-unit configuration with dedicated living areas above and functional utility and parking support below and at the rear.
Key Highlights
- Updated end‑of‑row duplex built in 1963 with two bedrooms per unit
- First‑floor unit layout: living room, dining area, updated kitchen, 2 bedrooms, full hall bathroom
- Second‑floor unit layout: living room, dining area, updated kitchen, 2 bedrooms, renovated full bathroom
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
$27,304
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
6.66%
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%
$546,080
$546.1K
Cap Rate 7%
$390,057
$390.1K
Cap Rate 9%
$303,378
$303.4K
Market Conditions
NOI Build-Up for 1,600 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
$41.3K $25.80/SF
− Vacancy
−$2.3K −$1.42/SF
EGI
$39.0K $24.38/SF
− OpEx
−$11.7K −$7.31/SF
NOI
$27.3K $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 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%
$546,080
Cap Rate 7%
$390,057
Cap Rate 9%
$303,378
Alternative Uses
Best Use
Multifamily LT 5
$390.1K
$341.3K – $455.1K
NOI $27,304 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$359.5K
$314.6K – $419.5K
NOI $25,167 @ 7.0% cap · market cap 6.14%
Theoretical Best
—
—
same as Best Use
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
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
Explore this area
Business Placement
Demographics for 19136, PA
39,151
Population
13,841
Households
2.8
Avg Household Size
36
Median Age
24%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,156
Density / Sq Mi
$65,499
Median Household Income
$40,495
Median Earnings
$1,200
Median Rent
$215,000
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 - Updated end-of-row duplex with two bedrooms per unit, a full basement, and fenced rear yard.
Where is this duplex located?
The property is located at 8728 GILLESPIE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Updated end‑of‑row duplex built in 1963 with two bedrooms per unit; First‑floor unit layout: living room, dining area, updated kitchen, 2 bedrooms, full hall bathroom; Second‑floor unit layout: living room, dining area, updated kitchen, 2 bedrooms, renovated full bathroom
