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    Fairmont Duplex with City Views Title is generated by Realmo AI

    1610 SWAIN Street, Philadelphia, PA 19130

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    For Sale
    $575,000

    MULTI_FAMILY - PHILADELPHIA, PA

    Property size:
    1,334 SF
    Lot size:
    0.02 Acres
    Price / SF:
    $431/SF
    Added:
    Mar 14, 2026
    Days on Market:
    61
    Last Refresh:
    May 13 at 3:06 am

    Property Features for 1610 SWAIN Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    On Street
    Standard status
    Active
    Size
    1,334 SF
    Lot size
    0.02 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5617

    Utilities

    Heating system
    Heat Pump (Heating), Natural Gas
    Cooling system
    Central Air, Ductless

    Building Details

    Year built
    1920
    Number of units
    1
    Building materials
    Masonry

    We can help!

    Listing Contact
    Yosmar Vinson

    Listing agent Yosmar Vinson License #RS343629

    Listing office SCOTT REALTY GROUP 200 W Baltimore Avenue, Media, PA

    Listing date Mar 14, 2026

    MLS# PAPH2593892 Listing URL

    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.

    HighLights

    • Duplex in the heart of Fairmont, Philadelphia, offering options to live in one unit and rent the other for income.
    • Architecturally redesigned into two separate apartments with independent street access.
    • First‑floor unit features a private back patio and finished basement with a bonus room and full bathroom.
    • Second‑floor unit includes a third‑floor terrace with city views.
    • Both units have modern, open‑concept kitchens and full bathrooms, with laundry and ample closet space.
    • Potential to retrofit back to a single‑family home.

    Overview

    This meticulously cared for and renovated duplex is located in the heart of Fairmont, Philadelphia. Originally a single-family home, the building was architecturally redesigned into two separate apartments, each with independent street access. The first-floor and basement unit features a modern open-concept kitchen, a first-floor bedroom with access to a cozy and private back patio, a renovated bathroom, and a bonus room in the finished basement with an additional full bathroom. The second-floor unit also has an open-concept kitchen, one bedroom on the second floor, and an additional bedroom on the 3rd floor. Both levels have modern full bathrooms. The third floor includes a terrace with city views. Both apartments include laundry and closet space. The property offers possibilities such as retrofitting to a single-family home or living in one unit and renting the other for additional income. The property size is 1334 square feet and the lot size is 0.0161 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Skin Care Clinic Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.1641769
    Latitude
    39.9677467

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    FAQs

    What type of property is this?
    Duplex - Meticulously renovated duplex in Fairmont, Philadelphia with income potential.
    Where is this duplex located?
    The property is located at 1610 SWAIN Street Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Duplex in the heart of Fairmont, Philadelphia, offering options to live in one unit and rent the other for income.; Architecturally redesigned into two separate apartments with independent street access.; **First‑floor unit features a private back patio and finished basement with a bonus room and full bathroom.**
    (484) 557-0256
    We can help!
    Listing Contact
    Yosmar Vinson
    Real Estate License ID: RS343629
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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