Legal Duplex with Backyard
For Sale
$349,900
1218 MCKEAN Street, Philadelphia, PA 19148
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,480 SF
Lot Size0.02 Acres
Price / SF$236.42
Days on Market16
Property Features for 1218 MCKEAN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,480 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
5425
Utilities
Heating system
Hot Water(Heating), Baseboard
Building Details
Year built
1925
Number of units
1
Building materials
Masonry
Listing Agency:
Triamond Realty
(267) 243-5317
Listed By:
Suqing Fan · License #RS304225
(267) 243-1892
Added: Jul 17
Last Checked: Aug 1 at 3:06PM
MLS# PAPH2649534
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.
Delivered with tenants moved out, this legal duplex offers a straightforward two-unit setup suitable for owner-occupancy or income use. The first floor includes a spacious living room, one bedroom with a large closet, one full bathroom, a large eat-in kitchen, and access to a backyard. The second floor features a spacious living room, one bedroom with a walk-in closet, one full bathroom, and a large eat-in kitchen.
The property is located in the East Passyunk neighborhood of Philadelphia, described as being in the heart of the area and just minutes from Center City. It is also positioned for convenient access to universities, public transportation, shopping, dining, and the sport complex.
Interior features noted include hardwood flooring throughout and high ceilings. Some photos have been virtually staged to help illustrate the property’s potential.
The property is located in the East Passyunk neighborhood of Philadelphia, described as being in the heart of the area and just minutes from Center City. It is also positioned for convenient access to universities, public transportation, shopping, dining, and the sport complex.
Interior features noted include hardwood flooring throughout and high ceilings. Some photos have been virtually staged to help illustrate the property’s potential.
Key Highlights
- Legal duplex built in 1925 with masonry construction
- Two units each include a spacious living room, 1 bedroom, 1 full bathroom, and a large eat‑in kitchen
- First‑floor unit offers access to a backyard and includes a bedroom with a large closet
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 | $38.2k | $25.80 |
| − Vacancy | −$2.1k | −$1.42 |
| EGI | $36.1k | $24.38 |
| − OpEx | −$10.8k | −$7.31 |
| NOI | $25.3k | $17.06 |
1,480 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$360.8K
$315.7K – $420.9K
NOI $25,256 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$332.6K
$291.0K – $388.0K
NOI $23,280 @ 7.0% cap · market cap 6.65%
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
Location Intelligence
Trade Area within ½ mile
3,935
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
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 - Legal two-unit duplex is delivered vacant, featuring hardwood floors, high ceilings, and backyard access from the first floor.
Where is this duplex located?
The property is located at 1218 MCKEAN Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Legal duplex built in 1925 with masonry construction; Two units each include a spacious living room, 1 bedroom, 1 full bathroom, and a large eat‑in kitchen; First‑floor unit offers access to a backyard and includes a bedroom with a large closet
