Renovated Two-Unit
New
For Sale
$1,190,000
925 S 11TH STREET, Philadelphia, PA 19147
Vacant RM-1 property with updated interiors, refreshed exterior, and potential first-floor commercial use subject to approvals.
Property Size2,428 SF
Days on Market6
Property Features for 925 S 11TH STREET
General Information
Standard status
Active
Size
2,428 SF
Property subtype
Duplex
Zoning
RM-1
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,208
Building Details
Building Size
2,428 SF
Year Built
1915
Listing Agency:
First Choice Real Estate Group
Listed By:
Anny Ding · License #RM425786
(267) 231-1352
Source:
Patmckennarealtors
Added: Sep 18
Changed: Sep 20
Last Checked: Sep 22 at 9:45PM
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 First Choice Real Estate Group
Investment Insights
Based on property information with market context.
This 2,428-square-foot duplex, built in 1915, contains two separate residential units and is currently vacant. The interiors have been renovated with contemporary finishes, refreshed living areas, and updated light fixtures, while the exterior has also been renewed. The property is zoned RM-1, and the first-floor area may support commercial use subject to permitted-use requirements, city regulations, and any necessary approvals.
The property is located in Philadelphia’s 19147 area near the 9th Street Italian Market, Bella Vista, Passyunk Square, South Street, restaurants, cafes, shopping, and neighborhood amenities. Center City, public transportation, and Philadelphia dining and entertainment destinations are also accessible from the property.
The property is located in Philadelphia’s 19147 area near the 9th Street Italian Market, Bella Vista, Passyunk Square, South Street, restaurants, cafes, shopping, and neighborhood amenities. Center City, public transportation, and Philadelphia dining and entertainment destinations are also accessible from the property.
Key Highlights
- 2,428‑square‑foot duplex on a 2,428‑square‑foot property
- Two separate residential units
- Renovated interiors with contemporary finishes and updated light fixtures
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
$41,434
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
3.48%
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%
$828,680
$828.7K
Cap Rate 7%
$591,914
$591.9K
Cap Rate 9%
$460,378
$460.4K
Market Conditions
NOI Build-Up for 2,428 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
$62.6K $25.80/SF
− Vacancy
−$3.5K −$1.42/SF
EGI
$59.2K $24.38/SF
− OpEx
−$17.8K −$7.31/SF
NOI
$41.4K $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%
$828,680
Cap Rate 7%
$591,914
Cap Rate 9%
$460,378
Alternative Uses
Best Use
Multifamily LT 5
$591.9K
$517.9K – $690.6K
NOI $41,434 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$545.6K
$477.4K – $636.5K
NOI $38,191 @ 7.0% cap · market cap 3.21%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,707
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
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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 - Vacant RM-1 property with updated interiors, refreshed exterior, and potential first-floor commercial use subject to approvals.
Where is this duplex located?
The property is located at 925 S 11TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: 2,428‑square‑foot duplex on a 2,428‑square‑foot property; Two separate residential units; Renovated interiors with contemporary finishes and updated light fixtures
