Legal Duplex with Private
For Sale
$499,000
917 ELLSWORTH STREET, Philadelphia, PA 19147
Legal duplex offers two rental units with private backyard access and first-floor and upper layouts.
Property Size1,792 SF
Days on Market108
Property Features for 917 ELLSWORTH STREET
General Information
Standard status
Active
Size
1,792 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$1,549
Amenities
private backyard
Building Details
Building Size
1,792 SF
Year Built
1915
Buildings
1
Tenancy
Multi
Listing Agency:
Corcoran Sawyer Smith - Lambertville
(609) 610-2084
Listed By:
Lilah Grace Dougherty · License #PARS370696
(609) 610-2084
Source:
Patmckennarealtors
Added: May 8
Changed: Aug 16
Last Checked: Aug 23 at 8:50AM
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 Corcoran Sawyer Smith - Lambertville
Investment Insights
Based on property information with market context.
This legal duplex at 917 Ellsworth Street was built in 1915 and provides two separate residential units with private backyard access. The first-floor unit includes one bedroom and one bathroom, while the bright upper unit offers two bedrooms and one bathroom. Both units are described as having spacious rooms and abundant natural light, creating flexible living and rental arrangements for an owner-occupant or investor.
The property is located in Philadelphia near public transportation, with nearby subway and bus service and public parking options within a short walk. The surrounding area includes restaurants, cafes, and shops, with Center City noted as just minutes away.
With a straightforward two-unit configuration and a private outdoor space, the building supports a range of occupancy strategies while keeping day-to-day living centered around the same address.
The property is located in Philadelphia near public transportation, with nearby subway and bus service and public parking options within a short walk. The surrounding area includes restaurants, cafes, and shops, with Center City noted as just minutes away.
With a straightforward two-unit configuration and a private outdoor space, the building supports a range of occupancy strategies while keeping day-to-day living centered around the same address.
Key Highlights
- Legal duplex with first‑floor 1 bed 1 bath and upper 2 bed 1 bath
- Private backyard access for both units
- Built in 1915
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
$30,580
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
6.13%
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%
$611,600
$611.6K
Cap Rate 7%
$436,857
$436.9K
Cap Rate 9%
$339,778
$339.8K
Market Conditions
NOI Build-Up for 1,792 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
$46.2K $25.80/SF
− Vacancy
−$2.5K −$1.42/SF
EGI
$43.7K $24.38/SF
− OpEx
−$13.1K −$7.31/SF
NOI
$30.6K $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%
$611,600
Cap Rate 7%
$436,857
Cap Rate 9%
$339,778
Alternative Uses
Best Use
Multifamily LT 5
$436.9K
$382.3K – $509.7K
NOI $30,580 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$402.7K
$352.3K – $469.8K
NOI $28,187 @ 7.0% cap · market cap 5.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,273
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
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 - Legal duplex offers two rental units with private backyard access and first-floor and upper layouts.
Where is this duplex located?
The property is located at 917 ELLSWORTH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Legal duplex with first‑floor 1 bed 1 bath and upper 2 bed 1 bath; Private backyard access for both units; Built in 1915
