Occupied Duplex with Day
89 SPARKS Street Philadelphia, PA 19120
For Sale
$338,000
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,530 SF
Lot Size0.04 Acres
Price / SF$220.92
Days on Market160
Property Features for 89 SPARKS Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,530 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1878
Utilities
- Heating system
- Electric (Heating), Baseboard
Building Details
- Year built
- 1928
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Other
Listing Agency:
Chapel Realty Sales
(215) 473-7140
Listed By:
Stacey L Alston · License #RS222634L
(267) 246-4856
Added: Feb 16
Changed: Jul 16
Last Checked: Jul 26 at 8:06PM
MLS# PAPH2579478
Copyright © 2026 Bright MLS. 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 is a fully occupied duplex with a ground-level day care. The property is a legal duplex with Use Registration for a Day Care. All units are on yearly leases. There is an ability to give 60 days notice to the top floor unit upon acceptable sale and inspection negotiations. The property is conveniently located near transportation, schools, shopping and offers easy access to Roosevelt Blvd. The property size is 1530 square feet and the lot size is 0.0434 acres.
Key Highlights
- Fully occupied legal 2+2 duplex with ground level day care
- Year built 1928 with masonry construction
- Electric heating with baseboard heating
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
Property Profile
Location Intelligence
Current Use by Public Records
Ascend Preschool
High School
Little Jewels Learning ...
Daycare Center
FAQs
What type of property is this?
Duplex - Fully occupied duplex with ground level day care in Philadelphia.
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 legal 2+2 duplex with ground level day care; Year built 1928 with masonry construction; Electric heating with baseboard heating
