New Construction
For Sale
$799,000
1437 PARRISH STREET, Philadelphia, PA 19130
Two distinct residences provide flexible layouts with updated kitchens, private laundry rooms, and bright interior spaces.
Property Size2,600 SF
Days on Market181
Property Features for 1437 PARRISH STREET
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1.5BA, 1 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,914
Amenities
in-unit laundry
Building Details
Building Size
2,600 SF
Year Built
2025
Buildings
1
Listing Agency:
KW Empower
Listed By:
James F Roche Jr. · License #RS332204
(215) 714-9539
Source:
Patmckennarealtors
Added: Apr 9
Changed: Oct 6
Last Checked: Oct 5 at 9:11PM
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 KW Empower
Investment Insights
Based on property information with market context.
Completed in 2025, this 2,600-square-foot duplex at 1437 Parrish Street contains two separate residences. One offers two bedrooms and 1.5 bathrooms, while the other provides three bedrooms and two bathrooms. Both units include hardwood flooring, large windows, in-unit laundry, and kitchens equipped with stainless GE appliances, white Calacatta quartz counters, substantial cabinetry, and matte black hardware.
The property is zoned RM1 and sits in Philadelphia’s Francisville area. Restaurants, coffee shops, The MET Philadelphia, and the historic Divine Lorraine are all within walking distance. The 0.02-acre parcel measures 15.00 x 45.00 and includes on-street parking.
The property is zoned RM1 and sits in Philadelphia’s Francisville area. Restaurants, coffee shops, The MET Philadelphia, and the historic Divine Lorraine are all within walking distance. The 0.02-acre parcel measures 15.00 x 45.00 and includes on-street parking.
Key Highlights
- 2025‑built duplex with 2,600 SF of total building area
- Two‑bedroom unit with 1.5 bathrooms and three‑bedroom unit with two bathrooms
- Both residences feature in‑unit laundry rooms and hardwood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,369
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$887,380
$887.4K
Cap Rate 7%
$633,843
$633.8K
Cap Rate 9%
$492,989
$493.0K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$67.1K $25.80/SF
− Vacancy
−$3.7K −$1.42/SF
EGI
$63.4K $24.38/SF
− OpEx
−$19.0K −$7.31/SF
NOI
$44.4K $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%
$887,380
Cap Rate 7%
$633,843
Cap Rate 9%
$492,989
Alternative Uses
Best Use
Multifamily LT 5
$633.8K
$554.6K – $739.5K
NOI $44,369 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$584.2K
$511.2K – $681.6K
NOI $40,897 @ 7.0% cap · market cap 5.12%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,682
Businesses Nearby
Explore this area
Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences provide flexible layouts with updated kitchens, private laundry rooms, and bright interior spaces.
Where is this duplex located?
The property is located at 1437 PARRISH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2025‑built duplex with 2,600 SF of total building area; Two‑bedroom unit with 1.5 bathrooms and three‑bedroom unit with two bathrooms; Both residences feature in‑unit laundry rooms and hardwood flooring
