Two-Unit Duplex with Separate
9449 Fairgreen Lane Philadelphia, PA 19114
For Sale
$364,000
Pending
Spacious duplex offers two apartments, each with its own separate entrance.
Property Size1,847 SF
Days on Market19
Property Features for 9449 Fairgreen Lane
General Information
- Standard status
- Pending
- Size
- 1,847 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1978
Listing Agency:
Re/Max One Realty
(215) 327-6399
Listed By:
Ed S Pocrass · License #AB048890L
(215) 327-6399
Source:
Compass
Added: Jul 7
Changed: Jul 22
Last Checked: Jul 24 at 3:19PM
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 One Realty
Investment Insights
Based on property information with market context.
This duplex is configured as two apartments, each featuring two bedrooms and a separate entrance. The first-floor unit is currently rented at $1,410 per month, and the second-floor unit is rented at $1,165 per month. The second-floor unit will be available beginning September 1.
The property is located in the Ashton-Woodbridge neighborhood near shopping, transportation, and major highways. Showings are available only after 12:00 p.m. with 24 hours’ notice.
The layout supports either an owner-occupant setup or an investor strategy by providing independent access to both living spaces.
The property is located in the Ashton-Woodbridge neighborhood near shopping, transportation, and major highways. Showings are available only after 12:00 p.m. with 24 hours’ notice.
The layout supports either an owner-occupant setup or an investor strategy by providing independent access to both living spaces.
Key Highlights
- Duplex built in 1978 with two apartments, each with its own separate entrance
- Each unit offers 2 bedrooms (2 bedrooms per apartment)
- Current rent: first‑floor unit pays $1,410/month
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.7k | $25.80 |
| − Vacancy | −$2.6k | −$1.42 |
| EGI | $45.0k | $24.38 |
| − OpEx | −$13.5k | −$7.31 |
| NOI | $31.5k | $17.06 |
1,847 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$450.3K
$394.0K – $525.3K
NOI $31,519 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$415.0K
$363.2K – $484.2K
NOI $29,052 @ 7.0% cap · market cap 7.98%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Spacious duplex offers two apartments, each with its own separate entrance.
Where is this duplex located?
The property is located at 9449 Fairgreen Lane Philadelphia, PA.
What is the asking price?
The asking price for this property is $364,000.
What are key features of this property?
This property features: Duplex built in 1978 with two apartments, each with its own separate entrance; Each unit offers 2 bedrooms (2 bedrooms per apartment); Current rent: first‑floor unit pays $1,410/month
