Four-Story Duplex with Roof
1000 Mount Vernon Street Philadelphia, PA 19123
1000 Mount Vernon Street, Philadelphia, PA, 19123
$738,888
For Sale
$738,888
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 Market626
Property Features for 1000 Mount Vernon Street
General Information
- Standard status
- Active
- Size
- 3,060 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2018
Listing agency
Berkshire Hathaway HomeServices Homesale Realty
(856) 222-0077
Listed by
Gary Cook
Source
Thetristaterealestategroup
Added: Nov 4, 2024 Updated: Jul 21 at 2:14AM Checked: Jul 23 at 3:25AM
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 Berkshire Hathaway HomeServices Homesale Realty
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
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 | $78.9k | $25.80 |
| − Vacancy | −$4.4k | −$1.42 |
| EGI | $74.6k | $24.38 |
| − OpEx | −$22.4k | −$7.31 |
| NOI | $52.2k | $17.06 |
3,060 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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
