Two-Unit Duplex with Finished
For Sale
$379,900
927 W SHUNK STREET, Philadelphia, PA 19148
Both units offer central air, with one residence adding a finished basement, second full bath, and laundry area.
Property Size1,320 SF
Days on Market61
Property Features for 927 W SHUNK STREET
General Information
Standard status
Active
Size
1,320 SF
Property subtype
Duplex
Site & Location
Neighborhood
Lower Moyamensing
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,076
Building Details
Building Size
1,320 SF
Year Built
1920
Buildings
1
Listing Agency:
Alpha Realty Group
Listed By:
Grace G DeGregorio · License #RS278275
(215) 460-5147
Source:
Patmckennarealtors
Added: Aug 25
Changed: Oct 21
Last Checked: Oct 23 at 2:05PM
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 Alpha Realty Group
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Investment Insights
Based on property information with market context.
This Philadelphia duplex, built in 1920, includes two residential units with central air conditioning. The first unit features an open layout with a bedroom and full bath, plus access to a finished basement containing custom built-in bookcases, another full bath, a tiled kitchen, and laundry space. Hardwood flooring and newer bedroom carpeting add to the interior finish. The property has been carefully maintained, with a recently coated roof.
The second unit has been refreshed with paint and new appliances and is currently occupied by a tenant. The building at 927 W Shunk Street provides a two-unit residential income configuration with distinct living spaces and basement utility.
The second unit has been refreshed with paint and new appliances and is currently occupied by a tenant. The building at 927 W Shunk Street provides a two-unit residential income configuration with distinct living spaces and basement utility.
Key Highlights
- Two‑unit duplex at 927 W Shunk Street, Philadelphia, PA 19148
- Finished basement with custom built‑in bookcases and second full bath
- First unit includes tiled kitchen and laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,526
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,520
$450.5K
Cap Rate 7%
$321,800
$321.8K
Cap Rate 9%
$250,289
$250.3K
Market Conditions
NOI Build-Up for 1,320 SF
Gross rent
$34.1K $25.80/SF
− Vacancy
−$1.9K −$1.42/SF
EGI
$32.2K $24.38/SF
− OpEx
−$9.7K −$7.31/SF
NOI
$22.5K $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 Rate 5%
$450,520
Cap Rate 7%
$321,800
Cap Rate 9%
$250,289
Alternative Uses
Best Use
Multifamily LT 5
$321.8K
$281.6K – $375.4K
NOI $22,526 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$296.6K
$259.5K – $346.1K
NOI $20,763 @ 7.0% cap · market cap 5.47%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,420
Businesses Nearby
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Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Both units offer central air, with one residence adding a finished basement, second full bath, and laundry area.
Where is this duplex located?
The property is located at 927 W SHUNK STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Two‑unit duplex at 927 W Shunk Street, Philadelphia, PA 19148; Finished basement with custom built‑in bookcases and second full bath; First unit includes tiled kitchen and laundry room
