Duplex with Private Rooftop
New
For Sale
$895,000
1611 N 27TH STREET, Philadelphia, PA 19121
Two bi-level residences feature separate outdoor spaces, updated kitchens, and high-efficiency mechanical systems.
Property Size3,752 SF
Lot Size0.04 Acres
Price / SF$238.54
Days on Market7
Property Features for 1611 N 27TH STREET
General Information
Standard status
Active
Size
3,752 SF
Lot size
0.04 Acres
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2BA, 1 x 3BR/3BA
Multifamily Units
2
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Building Details
Year Built
2021
Buildings
1
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Hayden Matthew Mink · License #RE348951
(215) 317-8506
Source:
Cummingsrealtors
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 12 at 7:00PM
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.
Built in 2021, this duplex contains two bi-level residences with three bedrooms each. The first unit has two custom bathrooms, a backyard, and a wood deck; the second has three custom bathrooms and a rooftop deck. Both residences include hardwood floors, recessed lighting, high-efficiency mechanicals, and kitchens with stainless steel appliances, quartz counters, and two-tone shaker cabinetry. Living rooms have ceilings exceeding 10 feet.
The property occupies an 18-by-87.5-foot lot in Brewerytown, near Girard Avenue and a park. Center City, I-76, the Art Museum, and Kelly Drive are among the named destinations with access from the area. The property is in a Qualified Opportunity Zone and has five years remaining on its tax abatement.
The property occupies an 18-by-87.5-foot lot in Brewerytown, near Girard Avenue and a park. Center City, I-76, the Art Museum, and Kelly Drive are among the named destinations with access from the area. The property is in a Qualified Opportunity Zone and has five years remaining on its tax abatement.
Key Highlights
- Two bi‑level residences, each with three bedrooms
- Unit 1 includes two custom bathrooms, a backyard, and a wood deck; Unit 2 has three custom bathrooms and a rooftop deck
- 18x87.5 lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,027
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,280,540
$1.3M
Cap Rate 7%
$914,671
$914.7K
Cap Rate 9%
$711,411
$711.4K
Market Conditions
NOI Build-Up for 3,752 SF
Gross rent
$96.8K $25.80/SF
− Vacancy
−$5.3K −$1.42/SF
EGI
$91.5K $24.38/SF
− OpEx
−$27.4K −$7.31/SF
NOI
$64.0K $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%
$1,280,540
Cap Rate 7%
$914,671
Cap Rate 9%
$711,411
Alternative Uses
Best Use
Multifamily LT 5
$914.7K
$800.3K – $1.07M
NOI $64,027 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$843.1K
$737.7K – $983.6K
NOI $59,017 @ 7.0% cap · market cap 6.59%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,381
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
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 bi-level residences feature separate outdoor spaces, updated kitchens, and high-efficiency mechanical systems.
Where is this duplex located?
The property is located at 1611 N 27TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two bi‑level residences, each with three bedrooms; Unit 1 includes two custom bathrooms, a backyard, and a wood deck; Unit 2 has three custom bathrooms and a rooftop deck; 18x87.5 lot
