Legal Duplex with Private
1218 MCKEAN STREET Philadelphia, PA 19148
1218 MCKEAN STREET, Philadelphia, PA, 19148
$349,900
For Sale
$349,900
Legal two-unit duplex offering hardwood floors, high ceilings, and two full kitchens with backyard access.
Property Size1,480 SF
Price / SF$236.42
Days on Market8
Property Features for 1218 MCKEAN STREET
General Information
- Standard status
- Active
- Size
- 1,480 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1925
Listing agency
Triamond Realty
(267) 243-1892
Listed by
Suqing Fan · License #RS304225
(267) 243-1892
Source
Cummingsrealtors
Added: Jul 15 Updated: Jul 21 at 2:31PM Checked: Jul 22 at 5:01AM
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 Triamond Realty
Investment Insights
Based on property information with market context.
Legal duplex in Philadelphia featuring two separate residential units. The first-floor unit 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 unit offers a spacious living room, one bedroom with a walk-in closet, one full bathroom, and a large eat-in kitchen.
The property features hardwood flooring throughout and high ceilings. It is described as being in the East Passyunk area, with proximity to Center City, universities, public transportation, shopping, dining, and the Sports Complex.
All tenants are stated to be moved out, presenting a straightforward opportunity for an owner-occupant or an investor seeking a duplex with two complete living layouts.
The property features hardwood flooring throughout and high ceilings. It is described as being in the East Passyunk area, with proximity to Center City, universities, public transportation, shopping, dining, and the Sports Complex.
All tenants are stated to be moved out, presenting a straightforward opportunity for an owner-occupant or an investor seeking a duplex with two complete living layouts.
Key Highlights
- Legal duplex built in 1925 with two separate residential units
- Each unit features a spacious living room, 1 bedroom, and 1 full bathroom
- Both units include a large eat‑in kitchen for two full kitchen spaces total
Local 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Legal two-unit duplex offering hardwood floors, high ceilings, and two full kitchens with backyard access.
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 two separate residential units; Each unit features a spacious living room, 1 bedroom, and 1 full bathroom; Both units include a large eat‑in kitchen for two full kitchen spaces total
