Two-Unit Duplex with Private Outdoor
New
For Sale
$359,900
9926 HALDEMAN Avenue, Philadelphia, PA 19115
Multi-Family, PHILADELPHIA, PA
Property Size2,000 SF
Price / SF$179.95
Days on Market4
Property Features for 9926 HALDEMAN Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Parking Lot
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,000 SF
Taxes and HOA fees
Tax Annual Amount
4561
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
in-unit laundry
balcony
patio
Building Details
Year built
1970
Number of units
1
Building materials
Masonry
Architectural style
Other
Listing Agency:
Elite Realty Group Unl. Inc. · RE/MAX International
(215) 328-4800
Listed By:
Joseph B Bograd · License #AB066484
(267) 246-9729
Added: Sep 18
Last Checked: Sep 21 at 10:06PM
MLS# PAPH2671240
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit masonry duplex contains 2,000 square feet and was built in 1970. Each residence includes two bedrooms, one bathroom, a living room, dining area, kitchen, and dedicated laundry. The upper unit has an updated kitchen and private balcony, while the lower unit includes a patio. Forced-air heating and central air serve the property, and on-site parking is provided through a parking lot.
The property is located on Haldeman Avenue in Philadelphia, Pennsylvania, within ZIP Code 19115. The first-floor residence is leased through November 1, creating an existing occupancy arrangement for the new owner. Separate units and individual outdoor areas support flexible residential use within a single duplex property.
The property is located on Haldeman Avenue in Philadelphia, Pennsylvania, within ZIP Code 19115. The first-floor residence is leased through November 1, creating an existing occupancy arrangement for the new owner. Separate units and individual outdoor areas support flexible residential use within a single duplex property.
Key Highlights
- Two separate 2‑bedroom, 1‑bathroom units
- 2,000 square feet of total property size
- Upper unit includes an updated kitchen and private balcony
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
$31,459
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
8.74%
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%
$629,180
$629.2K
Cap Rate 7%
$449,414
$449.4K
Cap Rate 9%
$349,544
$349.5K
Market Conditions
NOI Build-Up for 2,000 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
$60.7K $30.36/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$57.2K $28.60/SF
− OpEx
−$25.7K −$12.87/SF
NOI
$31.5K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$629,180
Cap Rate 7%
$449,414
Cap Rate 9%
$349,544
Alternative Uses
Best Use
Multifamily LT 5
$487.6K
$426.6K – $568.8K
NOI $34,130 @ 7.0% cap · market cap 9.48%
Second Best
Apartment 5plus
$449.4K
$393.2K – $524.3K
NOI $31,459 @ 7.0% cap · market cap 8.74%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,032
Businesses Nearby
Explore this area
Business Placement
Demographics for 19115, PA
35,919
Population
15,071
Households
2.4
Avg Household Size
44
Median Age
37%
College-Educated
92%
High-School Grad
5.2 sq mi
ZIP Area
6,908
Density / Sq Mi
$70,388
Median Household Income
$48,949
Median Earnings
$1,230
Median Rent
$330,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Masonry duplex with separate laundry, central air, parking, and distinct outdoor areas for each residence.
Where is this duplex located?
The property is located at 9926 HALDEMAN Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Two separate 2‑bedroom, 1‑bathroom units; 2,000 square feet of total property size; Upper unit includes an updated kitchen and private balcony
