Character Duplex With Rooftop
For Sale
Under Contract
$535,000
922 ELLSWORTH Street, Philadelphia, PA 19147
Multi-Family, PHILADELPHIA, PA
Property Size1,665 SF
Lot Size0.02 Acres
Price / SF$321.32
Days on Market102
Property Features for 922 ELLSWORTH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Interior features
Kitchen - Eat-In
Subdivision
ITALIAN MARKET
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active Under Contract
Size
1,665 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
5673
Utilities
Heating system
Forced Air
Cooling system
Wall Unit(s)
Amenities
private rear yard
rooftop deck
in-unit washer/dryer
Building Details
Year built
1915
Number of units
1
Building materials
Masonry
Architectural style
Other
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(215) 923-7600
Listed By:
Dominic V Fuscia · License #RS294492
(215) 605-4280
Added: Jun 5
Changed: Sep 1
Last Checked: Sep 14 at 1:06PM
MLS# PAPH2629108
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 1,665-square-foot duplex, built in 1915, includes two separately metered residences with independent heating systems, hot water heaters, and washers and dryers. The first-floor apartment offers one bedroom, one bathroom, single-level living, a private rear yard, and basement access for mechanical equipment. The upper residence spans the second and third floors, with an open living area, exposed brick, wood beams, a galley kitchen, storage, and two bedrooms. A rooftop deck covers the building’s roof area and provides 360-degree views of the Philadelphia skyline.
Located at 922 Ellsworth Street in Philadelphia’s Bella Vista neighborhood and the Italian Market section of South Philadelphia, the property sits on a tree-lined block near restaurants, cafes, bars, specialty shops, and other neighborhood amenities. Public transportation, Center City, and major highways are accessible from the property. Masonry construction, forced-air heating, wall-unit cooling, and on-street parking complete the property profile.
Located at 922 Ellsworth Street in Philadelphia’s Bella Vista neighborhood and the Italian Market section of South Philadelphia, the property sits on a tree-lined block near restaurants, cafes, bars, specialty shops, and other neighborhood amenities. Public transportation, Center City, and major highways are accessible from the property. Masonry construction, forced-air heating, wall-unit cooling, and on-street parking complete the property profile.
Key Highlights
- 1,665‑square‑foot duplex on a 0.0175‑acre lot
- Two separately metered residences with individual heating systems and hot water heaters
- Upper residence spans the second and third floors with two bedrooms
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
$28,413
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
5.31%
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%
$568,260
$568.3K
Cap Rate 7%
$405,900
$405.9K
Cap Rate 9%
$315,700
$315.7K
Market Conditions
NOI Build-Up for 1,665 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
$43.0K $25.80/SF
− Vacancy
−$2.4K −$1.42/SF
EGI
$40.6K $24.38/SF
− OpEx
−$12.2K −$7.31/SF
NOI
$28.4K $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%
$568,260
Cap Rate 7%
$405,900
Cap Rate 9%
$315,700
Alternative Uses
Best Use
Multifamily LT 5
$405.9K
$355.2K – $473.6K
NOI $28,413 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$374.1K
$327.4K – $436.5K
NOI $26,190 @ 7.0% cap · market cap 4.90%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature separate utilities, individual mechanical systems, private laundry, and a rear yard for the lower unit.
Where is this duplex located?
The property is located at 922 ELLSWORTH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 1,665‑square‑foot duplex on a 0.0175‑acre lot; Two separately metered residences with individual heating systems and hot water heaters; Upper residence spans the second and third floors with two bedrooms
