Building Details

Building Size 1,530 SF

Year Built 1928

Listing Agency: Chapel Realty Sales

Listed By: Stacey L Alston · License #RS222634L Show Phone

Source: Lizclarkrealestate

Added: Sep 18 Changed: Oct 11 Last Checked: Oct 15 at 8:07AM

Report an Issue

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 Chapel Realty Sales

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 1928 duplex combines two residential units with a ground-level day care operation. The property is legally configured as a duplex and carries use registration for day care. Both residential units are occupied under yearly leases, providing an established leasing structure for the current owner.

Located on Sparks Street in Philadelphia, the property is near transportation, schools, and shopping, with access to Roosevelt Blvd. Showings of the upper residential areas require 24–48 hours’ notice, while access to the day care is available during weekends or evenings for serious interest.

Key Highlights

• Legal duplex with two residential units and a ground‑level day care
• Day care use registration in place
• Both residential units occupied under yearly leases

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,574

Cap Rate

4.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$331,480 $331.5K

Cap Rate 7%

$236,771 $236.8K

Cap Rate 9%

$184,156 $184.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,530 SF

Gross rent

$25.5K $16.68/SF

− Vacancy

−$1.8K −$1.20/SF

EGI

$23.7K $15.48/SF

− OpEx

−$7.1K −$4.64/SF

NOI

$16.6K $10.83/SF

Area

ZIP 19120

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 Rate 5%

$331,480

Cap Rate 7%

$236,771

Cap Rate 9%

$184,156

Alternative Uses

Best Use

Multifamily LT 5

$236.8K

$207.2K – $276.2K (±1% cap)

NOI $16,574 @ 7.0% cap · market cap 4.90%

Second Best

Apartment 5plus

$210.6K

$184.3K – $245.7K (±1% cap)

NOI $14,742 @ 7.0% cap · market cap 4.36%

Theoretical Best

Office A

$365.5K

$319.8K – $426.4K (±1% cap)

NOI $25,584 @ 7.0% cap · market cap 7.57%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Ascend Preschool High School Little Jewels Learning ... Daycare Center

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Parking Lot & Garage Building Supply Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

1,050

Businesses Nearby

Explore this area Business Placement

Demographics for 19120, PA

66,177

Population

25,730

Households

2.6

Avg Household Size

35

Median Age

13%

College-Educated

77%

High-School Grad

3.2 sq mi

ZIP Area

20,680

Density / Sq Mi

$51,993

Median Household Income

$32,980

Median Earnings

$1,186

Median Rent

$143,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Legal Duplex with Backyard

1218 MCKEAN Street, Philadelphia, PA 19148

$349,900

1,480 SF

View details

Duplex with Finished Basement

5931 CHESTNUT Street, Philadelphia, PA 19139

$370,000

1,512 SF

View details

Two-Unit Masonry Duplex

1745 S 16TH Street, Philadelphia, PA 19145

$369,900

1,460 SF

View details

Duplex with Two Apartments

4026 HAVERFORD Avenue, Philadelphia, PA 19104

$305,000

1,442 SF

View details

Masonry Duplex

4024 HAVERFORD Avenue, Philadelphia, PA 19104

$305,000

1,442 SF

View details

Corner Duplex

1615 WOLF Street, Philadelphia, PA 19145

$289,000

1,600 SF

View details

Renovated Duplex with Separate Utilities

2532 CECIL B MOORE Avenue, Philadelphia, PA 19121

$339,000

1,730 SF

View details

Brick Duplex with Two Units

523 FOSTER Street, Philadelphia, PA 19116

$409,900

1,584 SF

View details

University City Duplex

4438 LUDLOW Street, Philadelphia, PA 19104

$399,900

1,600 SF

View details

Two-Unit Duplex with Updated Interiors

1514 WOLF Street, Philadelphia, PA 19145

$345,000

1,728 SF

View details

Updated Duplex with Central Air

1942 WOLF Street, Philadelphia, PA 19145

$385,000

1,422 SF

View details

Renovated Duplex with Bi-Level Unit

3320 N PARK Avenue, Philadelphia, PA 19140

$319,900

1,366 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Registered day care use occupies the ground level, with both residential units leased annually.

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: Legal duplex with two residential units and a ground‑level day care; Day care use registration in place; Both residential units occupied under yearly leases