Two-Unit Duplex with Separate
For Sale
$364,000
Pending
9449 Fairgreen Lane, Philadelphia, PA 19114
Spacious duplex offers two apartments, each with its own separate entrance.
Property Size1,847 SF
Days on Market65
Property Features for 9449 Fairgreen Lane
General Information
Standard status
Pending
Size
1,847 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Fee Simple
Zoning
RTA1
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,854
Amenities
No
Disposal, Dishwasher, Dryer - Electric, Oven/Range - Gas, Refrigerator, Washer
No Pool
Building Details
Year Built
1978
Listing Agency:
Re/Max One Realty
Listed By:
Ed S Pocrass · License #AB048890L
(215) 327-6399
Source:
Compass
Added: Jul 7
Changed: Aug 8
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
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
$31,519
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
8.66%
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%
$630,380
$630.4K
Cap Rate 7%
$450,271
$450.3K
Cap Rate 9%
$350,211
$350.2K
Market Conditions
NOI Build-Up for 1,847 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
$47.7K $25.80/SF
− Vacancy
−$2.6K −$1.42/SF
EGI
$45.0K $24.38/SF
− OpEx
−$13.5K −$7.31/SF
NOI
$31.5K $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 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%
$630,380
Cap Rate 7%
$450,271
Cap Rate 9%
$350,211
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Explore this area
Business Placement
Demographics for 19114, PA
32,645
Population
14,703
Households
2.2
Avg Household Size
43
Median Age
30%
College-Educated
91%
High-School Grad
5.6 sq mi
ZIP Area
5,829
Density / Sq Mi
$76,076
Median Household Income
$48,257
Median Earnings
$1,369
Median Rent
$276,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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
