Legal Duplex with
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 Market98
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
Baseboard, Hot Water(Heating)
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
Changed: Oct 17
Last Checked: Oct 22 at 3:06AM
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.
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Investment Insights
Based on property information with market context.
This legal duplex contains two residential units, each with a living room, one bedroom, one full bathroom, and an eat-in kitchen. The first-floor unit includes a large bedroom closet and backyard access, while the second-floor unit offers a walk-in closet. Hardwood flooring and high ceilings extend throughout the property. The masonry building was constructed in 1925 and contains approximately 1,480 square feet on a 0.0237-acre lot.
The property is positioned in Philadelphia’s East Passyunk neighborhood, with Center City, universities, public transportation, shopping, dining, and the Sports Complex located nearby. Both units are described as becoming vacant, providing flexibility for an owner-occupant or an investor seeking a two-unit residential property.
The property is positioned in Philadelphia’s East Passyunk neighborhood, with Center City, universities, public transportation, shopping, dining, and the Sports Complex located nearby. Both units are described as becoming vacant, providing flexibility for an owner-occupant or an investor seeking a two-unit residential property.
Key Highlights
- Legal duplex with two one‑bedroom, one‑bathroom units
- Approximately 1,480 square feet on a 0.0237‑acre lot
- First‑floor unit includes backyard access and a large bedroom closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,256
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,120
$505.1K
Cap Rate 7%
$360,800
$360.8K
Cap Rate 9%
$280,622
$280.6K
Market Conditions
NOI Build-Up for 1,480 SF
Gross rent
$38.2K $25.80/SF
− Vacancy
−$2.1K −$1.42/SF
EGI
$36.1K $24.38/SF
− OpEx
−$10.8K −$7.31/SF
NOI
$25.3K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,120
Cap Rate 7%
$360,800
Cap Rate 9%
$280,622
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,935
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature hardwood floors, high ceilings, and separate eat-in kitchens.
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 with two one‑bedroom, one‑bathroom units; Approximately 1,480 square feet on a 0.0237‑acre lot; First‑floor unit includes backyard access and a large bedroom closet
