Two-Unit Duplex with
For Sale
$365,000
9926 HALDEMAN UNIT#133 Avenue, Philadelphia, PA 19115
Multi-Family, PHILADELPHIA, PA
Property Size2,000 SF
Price / SF$182.50
Days on Market358
Property Features for 9926 HALDEMAN UNIT#133 Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
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
3545
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
in-unit laundry
patio
balcony
Building Details
Year built
1970
Number of units
1
Building materials
Masonry
Architectural style
Other
Listing Agency:
Market Force Realty
(866) 993-8585
Listed By:
Sofia Veytsman · License #RS324536
(267) 312-5354
Added: Oct 1, 2025
Changed: Aug 19
Last Checked: Sep 23 at 12:06AM
MLS# PAPH2543742
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 2,000-square-foot masonry duplex, built in 1970, contains two separately arranged residences on the first and second floors. Each unit offers two bedrooms, one bathroom, a living room, kitchen, laundry area, coat closet, and linen closet. The lower residence opens to a patio, while the upper residence includes a balcony. Both floors have their own washer, dryer, and refrigerator, provided in as-is condition. Central heating and central air serve the property, with a new A/C unit installed for the second-floor residence.
Both units are occupied by long-term tenants. The property includes parking lot access and is positioned near Roosevelt Boulevard, Bustleton Avenue, a bus stop, supermarkets, BJ wholesale, and Ann Frank elementary school. The units are separately served by in-unit laundry, and the building is described as being in good condition.
Both units are occupied by long-term tenants. The property includes parking lot access and is positioned near Roosevelt Boulevard, Bustleton Avenue, a bus stop, supermarkets, BJ wholesale, and Ann Frank elementary school. The units are separately served by in-unit laundry, and the building is described as being in good condition.
Key Highlights
- 2,000‑square‑foot masonry duplex with two residential units
- Each unit has 2 bedrooms and 1 bath
- First‑floor patio and second‑floor 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
8.62%
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 9.35%
Second Best
Apartment 5plus
$449.4K
$393.2K – $524.3K
NOI $31,459 @ 7.0% cap · market cap 8.62%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
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 - Occupied residences feature private laundry, separate outdoor space, and access to neighborhood shopping and transit.
Where is this duplex located?
The property is located at 9926 HALDEMAN UNIT#133 Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2,000‑square‑foot masonry duplex with two residential units; Each unit has 2 bedrooms and 1 bath; First‑floor patio and second‑floor balcony
