Duplex with Ground-Level Day
89 Sparks Street Philadelphia, PA 19120
89 Sparks Street, Philadelphia, PA, 19120
$338,000
For Sale
$338,000
Fully occupied 2+2 duplex includes a ground-level day care with yearly leases in place.
Property Size1,530 SF
Price / SF$220.92
Days on Market155
Property Features for 89 Sparks Street
General Information
- Standard status
- Active
- Size
- 1,530 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1928
Listing Agency
Fathom Realty MD, LLC
(856) 222-0077
Listed by
Gary Cook
Source
Thetristaterealestategroup
Added: Feb 16 Updated: Jul 19 at 2:19 am Checked: Jul 20 at 2:20 am
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 Fathom Realty MD, LLC
Investment Insights
Based on property information with market context.
This legal duplex features a 2+2 configuration and is fully occupied. The property also includes a ground-level day care, with use registration for day care operations. All units are on yearly leases.
The listing notes convenient access to transportation, schools, and shopping, with easy access to Roosevelt Blvd. Viewing is described as available with 24–48 hours’ notice for the top floors, and day care access is available on weekends or evenings with serious interest only.
The seller indicates the ability to provide 60 days’ notice to the top floor unit, contingent upon acceptable sale and inspection negotiations.
The listing notes convenient access to transportation, schools, and shopping, with easy access to Roosevelt Blvd. Viewing is described as available with 24–48 hours’ notice for the top floors, and day care access is available on weekends or evenings with serious interest only.
The seller indicates the ability to provide 60 days’ notice to the top floor unit, contingent upon acceptable sale and inspection negotiations.
Key Highlights
- Fully occupied 2+2 duplex with a ground‑level day care
- Legal duplex includes a day care with Use Registration on file
- All units are on yearly leases; top floor unit can be given 60 days notice with acceptable sale and inspection negotiations
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.5k | $16.68 |
| − Vacancy | −$1.8k | −$1.20 |
| EGI | $23.7k | $15.48 |
| − OpEx | −$7.1k | −$4.64 |
| NOI | $16.6k | $10.83 |
1,530 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$236.8K
$207.2K – $276.2K
NOI $16,574 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$210.6K
$184.3K – $245.7K
NOI $14,742 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$365.5K
$319.8K – $426.4K
NOI $25,584 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ascend Preschool
High School
Little Jewels Learning ...
Daycare Center
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully occupied 2+2 duplex includes a ground-level day care with yearly leases in place.
Where is this duplex located?
The property is located at 89 Sparks Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $338,000.
What are key features of this property?
This property features: Fully occupied 2+2 duplex with a ground‑level day care; Legal duplex includes a day care with Use Registration on file; All units are on yearly leases; top floor unit can be given 60 days notice with acceptable sale and inspection negotiations
