Renovated 3-Bedroom
New
For Sale
$949,000
952 N MARSHALL ST, Philadelphia, PA 19123
Two spacious apartments offer updated finishes, private outdoor space, and access to public parking behind the building.
Property Size3,384 SF
Price / SF$280.44
Days on Market2
Property Features for 952 N MARSHALL ST
General Information
Standard status
Active
Size
3,384 SF
Property subtype
Multi-family
Occupancy
100%
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
private patio
Building Details
Buildings
1
Listing Agency:
BHHS Fox & Roach The Harper at Rittenhouse Square
Listed By:
Reid J Rosenthal · License #RS226037L
(215) 546-0550
Source:
Davidyungmann.myrealestateplatform
Added: Sep 4
Last Checked: Sep 4 at 2:48PM
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 The Harper at Rittenhouse Square
Investment Insights
Based on property information with market context.
This renovated duplex contains two apartments, each arranged with 3 bedrooms and 3 bathrooms. The interiors feature updated cosmetic finishes, custom architectural elements, and modern fixtures throughout. The property totals 3,384 square feet, and the main-level residence includes its own outdoor patio. A 10-year tax abatement is in place.
The building is located at 952 N Marshall Street in Northern Liberties, with a public parking lot directly behind the property. Nearby destinations include Cafe La Maude, Heritage, North 3rd, Urban Village Brewing Company, the Piazza, and the 2nd Street dining corridors. Public transit provides access to Center City.
The building is located at 952 N Marshall Street in Northern Liberties, with a public parking lot directly behind the property. Nearby destinations include Cafe La Maude, Heritage, North 3rd, Urban Village Brewing Company, the Piazza, and the 2nd Street dining corridors. Public transit provides access to Center City.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 3 bathrooms in each apartment
- 3,384‑square‑foot renovated property
- Updated finishes, custom architectural details, and modern fixtures
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
$57,748
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
6.09%
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%
$1,154,960
$1.2M
Cap Rate 7%
$824,971
$825.0K
Cap Rate 9%
$641,644
$641.6K
Market Conditions
NOI Build-Up for 3,384 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
$87.3K $25.80/SF
− Vacancy
−$4.8K −$1.42/SF
EGI
$82.5K $24.38/SF
− OpEx
−$24.7K −$7.31/SF
NOI
$57.7K $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%
$1,154,960
Cap Rate 7%
$824,971
Cap Rate 9%
$641,644
Alternative Uses
Best Use
Multifamily LT 5
$825.0K
$721.9K – $962.5K
NOI $57,748 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$760.4K
$665.4K – $887.2K
NOI $53,229 @ 7.0% cap · market cap 5.61%
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
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,111
Businesses Nearby
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
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 - Two spacious apartments offer updated finishes, private outdoor space, and access to public parking behind the building.
Where is this duplex located?
The property is located at 952 N MARSHALL ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 3 bathrooms in each apartment; 3,384‑square‑foot renovated property; Updated finishes, custom architectural details, and modern fixtures
