Four-Story Duplex with Roof
For Sale
$738,888
1000 MOUNT VERNON STREET, Philadelphia, PA 19123
New construction 4-story duplex offers two residential units with modern kitchens and roof access.
Property Size3,060 SF
Price / SF$241.47
Days on Market719
Property Features for 1000 MOUNT VERNON STREET
General Information
Standard status
Active
Size
3,060 SF
Property subtype
Duplex
Site & Location
Neighborhood
North Philadelphia
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,379
Building Details
Building Size
3,060 SF
Year Built
2018
Stories
4
Tenancy
Multi
Listing Agency:
Home Max Realty
Listed By:
Jie Chen · License #RM424964
(215) 820-1621
Source:
Patmckennarealtors
Added: Nov 4, 2024
Changed: Oct 21
Last Checked: Oct 23 at 3:42PM
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 Home Max Realty
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Investment Insights
Based on property information with market context.
Built in 2018, this four-story duplex features two residential units designed with modern finishes and quality materials. The interiors include custom open kitchens with granite countertops, built-in microwaves, and stainless refrigerators. Hardwood flooring runs straight through the house, with high ceilings and designed lighting throughout.
Each unit is configured for distinct living needs, with Unit 1 offering 2 bedrooms and 1.5 bathrooms. The second unit includes 3 bedrooms and 3 full bathrooms, with walk-in closets in each bedroom. The master bathroom includes a standing stall, a Jacuzzi bathtub, and a makeup table.
The property provides roof access, allowing for an elevated outdoor area. The seller notes there are no monthly management fees or association fees.
Each unit is configured for distinct living needs, with Unit 1 offering 2 bedrooms and 1.5 bathrooms. The second unit includes 3 bedrooms and 3 full bathrooms, with walk-in closets in each bedroom. The master bathroom includes a standing stall, a Jacuzzi bathtub, and a makeup table.
The property provides roof access, allowing for an elevated outdoor area. The seller notes there are no monthly management fees or association fees.
Key Highlights
- 4‑story duplex built in 2018 with 3,060 sqft of living area (Assessor)
- Two units: first unit has 2 bedrooms and 1.5 bathrooms; second unit has 3 bedrooms and 3 full bathrooms
- Second‑unit bedrooms include walk‑in closets; master bath includes a Jacuzzi bathtub and stand‑in stall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,219
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,380
$1.0M
Cap Rate 7%
$745,986
$746.0K
Cap Rate 9%
$580,211
$580.2K
Market Conditions
NOI Build-Up for 3,060 SF
Gross rent
$78.9K $25.80/SF
− Vacancy
−$4.4K −$1.42/SF
EGI
$74.6K $24.38/SF
− OpEx
−$22.4K −$7.31/SF
NOI
$52.2K $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%
$1,044,380
Cap Rate 7%
$745,986
Cap Rate 9%
$580,211
Alternative Uses
Best Use
Multifamily LT 5
$746.0K
$652.7K – $870.3K
NOI $52,219 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$687.6K
$601.7K – $802.2K
NOI $48,132 @ 7.0% cap · market cap 6.51%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,285
Businesses Nearby
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Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - New construction 4-story duplex offers two residential units with modern kitchens and roof access.
Where is this duplex located?
The property is located at 1000 MOUNT VERNON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $738,888.
What are key features of this property?
This property features: 4‑story duplex built in 2018 with 3,060 sqft of living area (Assessor); Two units: first unit has 2 bedrooms and 1.5 bathrooms; second unit has 3 bedrooms and 3 full bathrooms; Second‑unit bedrooms include walk‑in closets; master bath includes a Jacuzzi bathtub and stand‑in stall
