Duplex with Private Patios and
For Sale
$385,000
Pending
943 East Gorgas Lane, Philadelphia, PA 19150
Two 2-bedroom, 1-bath units with separate utilities, private outdoor space, and a two-car attached garage.
Property Size1,952 SF
Days on Market76
Property Features for 943 East Gorgas Lane
General Information
Standard status
Pending
Size
1,952 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Fee Simple
Zoning
RSA3
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,423
Amenities
No
Oven/Range - Gas, Range Hood, Refrigerator, Water Heater, Washer, Dryer
Double Hung
Bathroom - Soaking Tub, Bathroom - Stall Shower, Ceiling Fan(s), Combination Dining/Living, Floor Plan - Traditional, Kitchen - Galley
Carbon Monoxide Detector(s), Smoke Detector
32"+ wide Doors, >84" Garage Door, Accessible Switches/Outlets, Doors - Swing In
No Pool
Sidewalks
Patio(s), Terrace, Roof
Building Details
Year Built
1950
Tenancy
Multi
Listing Agency:
BHHS Fox & Roach-Media
Listed By:
Susan Orloff · License #RS207153L
(610) 812-6763
Source:
Compass
Added: Jun 24
Changed: Aug 8
Last Checked: Jul 24 at 1:52PM
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 BHHS Fox & Roach-Media
Investment Insights
Based on property information with market context.
This duplex offers two separate, sun-filled residential units, each with 2 bedrooms and 1 bathroom. Floor plans include a living room and a casual dining area, with full bathrooms featuring a relaxing tub and a separate stall shower. Outdoor space is private for each unit, with a first-floor patio and a second-floor terrace. A massive shared basement includes washer and dryer hookups, along with individual storage areas and a powder room.
The property includes separate utilities for each unit and features a two-car attached garage plus off-street parking for two additional vehicles. It is located in Philadelphia County with a commuter rail station less than 1 mile away, providing convenient access to transportation.
The layout supports both owner-occupancy and rental use, with distinct units and private outdoor areas as well as dedicated utility service.
The property includes separate utilities for each unit and features a two-car attached garage plus off-street parking for two additional vehicles. It is located in Philadelphia County with a commuter rail station less than 1 mile away, providing convenient access to transportation.
The layout supports both owner-occupancy and rental use, with distinct units and private outdoor areas as well as dedicated utility service.
Key Highlights
- Duplex with two 2‑bedroom, 1‑bath units, each with a living room and casual dining area
- Separate utilities for each unit
- First‑floor unit has a private patio; second‑floor unit has a private terrace
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
$33,311
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
8.65%
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%
$666,220
$666.2K
Cap Rate 7%
$475,871
$475.9K
Cap Rate 9%
$370,122
$370.1K
Market Conditions
NOI Build-Up for 1,952 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
$50.4K $25.80/SF
− Vacancy
−$2.8K −$1.42/SF
EGI
$47.6K $24.38/SF
− OpEx
−$14.3K −$7.31/SF
NOI
$33.3K $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%
$666,220
Cap Rate 7%
$475,871
Cap Rate 9%
$370,122
Alternative Uses
Best Use
Multifamily LT 5
$475.9K
$416.4K – $555.2K
NOI $33,311 @ 7.0% cap · market cap 8.65%
Second Best
Apartment 5plus
$438.6K
$383.8K – $511.7K
NOI $30,704 @ 7.0% cap · market cap 7.98%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
Explore this area
Business Placement
Demographics for 19150, PA
23,126
Population
10,868
Households
2.1
Avg Household Size
47
Median Age
28%
College-Educated
91%
High-School Grad
1.5 sq mi
ZIP Area
15,417
Density / Sq Mi
$61,257
Median Household Income
$43,002
Median Earnings
$1,282
Median Rent
$225,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two 2-bedroom, 1-bath units with separate utilities, private outdoor space, and a two-car attached garage.
Where is this duplex located?
The property is located at 943 East Gorgas Lane Philadelphia, PA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Duplex with two 2‑bedroom, 1‑bath units, each with a living room and casual dining area; Separate utilities for each unit; First‑floor unit has a private patio; second‑floor unit has a private terrace
