Duplex with Finished Lower
For Sale
Under Contract
$530,000
9101 OLD NEWTOWN Road, Philadelphia, PA 19115
Multi-Family, PHILADELPHIA, PA
Property Size2,234 SF
Lot Size0.06 Acres
Price / SF$237.24
Days on Market95
Property Features for 9101 OLD NEWTOWN Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
2
Parking features
Garage - Attached, Driveway
Subdivision
BUSTLETON
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active Under Contract
Size
2,234 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6055
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
washer and dryer
Building Details
Year built
1985
Number of units
2
Building materials
Masonry
Architectural style
Colonial
Listing Agency:
Equity Pennsylvania Real Estate
(267) 522-8112
Listed By:
Monish R Patel · License #RM425589
(267) 716-5932
Added: Jun 4
Changed: Aug 20
Last Checked: Sep 6 at 6:06AM
MLS# PAPH2621698
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.
Built in 1985, this masonry Colonial duplex contains 2,234 square feet on a 0.0557-acre lot. Each unit offers 2 bedrooms, 1 bath, high ceilings, an open floor plan, secure storage, a basement, and its own washer and dryer. The first-floor unit is occupied and includes an updated kitchen and generous closet space. Central heating and central air serve the property.
The lower level was previously finished with a bedroom and full bathroom. Its use as an additional rental space would require buyers to verify applicable township approvals. Exterior features include an attached garage and driveway parking. The property is located at 9101 OLD NEWTOWN Road, PHILADELPHIA, PA 19115.
The lower level was previously finished with a bedroom and full bathroom. Its use as an additional rental space would require buyers to verify applicable township approvals. Exterior features include an attached garage and driveway parking. The property is located at 9101 OLD NEWTOWN Road, PHILADELPHIA, PA 19115.
Key Highlights
- 2,234 square feet on a 0.0557‑acre lot
- Two units, each with 2 bedrooms and 1 bath
- Previously finished lower level with bedroom and 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
$38,123
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
7.19%
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%
$762,460
$762.5K
Cap Rate 7%
$544,614
$544.6K
Cap Rate 9%
$423,589
$423.6K
Market Conditions
NOI Build-Up for 2,234 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
$57.6K $25.80/SF
− Vacancy
−$3.2K −$1.42/SF
EGI
$54.5K $24.38/SF
− OpEx
−$16.3K −$7.31/SF
NOI
$38.1K $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%
$762,460
Cap Rate 7%
$544,614
Cap Rate 9%
$423,589
Alternative Uses
Best Use
Multifamily LT 5
$544.6K
$476.5K – $635.4K
NOI $38,123 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$502.0K
$439.3K – $585.7K
NOI $35,140 @ 7.0% cap · market cap 6.63%
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
Location Intelligence
Trade Area within ½ mile
1,287
Businesses Nearby
Explore this area
Business Placement
Demographics for 19115, PA
35,919
Population
15,071
Households
2.4
Avg Household Size
44
Median Age
37%
College-Educated
92%
High-School Grad
5.2 sq mi
ZIP Area
6,908
Density / Sq Mi
$70,388
Median Household Income
$48,949
Median Earnings
$1,230
Median Rent
$330,500
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-unit Colonial property with central HVAC, attached garage, driveway parking, and separate laundry equipment for each unit.
Where is this duplex located?
The property is located at 9101 OLD NEWTOWN Road Philadelphia, PA.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: 2,234 square feet on a 0.0557‑acre lot; Two units, each with 2 bedrooms and 1 bath; Previously finished lower level with bedroom and full bathroom
