Two-Unit Duplex with Detached
For Sale
$249,900
Pending
938 AFTON STREET, Philadelphia, PA 19111
Two residential units each contain two bedrooms and one full bathroom.
Property Size1,400 SF
Days on Market9
Property Features for 938 AFTON STREET
General Information
Standard status
Pending
Size
1,400 SF
Property subtype
Duplex
Site & Location
Neighborhood
Northeast Philadelphia
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1957
Listing Agency:
RE/MAX Select Group
(215) 335-6900
Listed By:
Simran Kaur Dheer · License #2558322
(302) 513-6849
Source:
Cummingsrealtors
Added: Oct 15
Changed: Oct 21
Last Checked: Oct 20 at 9:28PM
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 RE/MAX Select Group
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Investment Insights
Based on property information with market context.
This 1,400-square-foot duplex contains two units, each configured with two bedrooms and one full bathroom. A detached garage is also part of the property. Built in 1957, the building is being offered in as-is condition.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bathroom
- 1,400‑square‑foot duplex
- Detached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,797
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,940
$375.9K
Cap Rate 7%
$268,529
$268.5K
Cap Rate 9%
$208,856
$208.9K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$27.7K $19.80/SF
− Vacancy
−$868 −$0.62/SF
EGI
$26.9K $19.18/SF
− OpEx
−$8.1K −$5.75/SF
NOI
$18.8K $13.43/SF
Area
ZIP 19111
Vacancy
3.13%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,940
Cap Rate 7%
$268,529
Cap Rate 9%
$208,856
Alternative Uses
Best Use
Multifamily LT 5
$268.5K
$235.0K – $313.3K
NOI $18,797 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$247.6K
$216.7K – $288.9K
NOI $17,334 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$424.5K
$371.4K – $495.2K
NOI $29,713 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,630
Businesses Nearby
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Business Placement
Demographics for 19111, PA
67,017
Population
27,518
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
13,962
Density / Sq Mi
$60,441
Median Household Income
$39,065
Median Earnings
$1,221
Median Rent
$244,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units each contain two bedrooms and one full bathroom.
Where is this duplex located?
The property is located at 938 AFTON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bathroom; 1,400‑square‑foot duplex; Detached garage
