Twin Duplex Residential
1615-00 E MCPHERSON Street Philadelphia, PA 19150
New
For Sale
$315,000
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,720 SF
Lot Size0.06 Acres
Price / SF$183.14
Days on Market2
Property Features for 1615-00 E MCPHERSON Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Rooms
- Basement
- Parking
- 2
- Parking features
- Driveway
- Interior features
- Bathroom - Walk-In Shower, Ceiling Fan(s), Kitchen - Eat-In, Recessed Lighting, Skylight(s), Kitchen - Island, Walk-in Closet(s), Window Treatments, Wood Floors
- Appliances
- Built-In Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, WaterHeater, Dryer
- Standard status
- Active
- Size
- 1,720 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3765
Utilities
- Heating system
- Other (Heating)
- Cooling system
- Ceiling Fan(s), Wall Unit(s)
Building Details
- Year built
- 1950
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing Agency:
RE/MAX Select Group
(267) 520-3711
Listed By:
Heather L Hannah · License #RS288648
(215) 335-6900
Added: Jul 22
Changed: Jul 23
Last Checked: Jul 23 at 10:06PM
MLS# PAPH2651058
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.
Investment Insights
Based on property information with market context.
This well-maintained twin duplex offers updated kitchens and baths across the two units. Each unit includes appliances such as a stainless steel refrigerator, range, and microwave, along with air conditioning and ceiling fans. The property also features a finished basement with additional storage and a washer and dryer, and the basement provides an exit to the rear of the property.
Off-street parking is available in the rear for added convenience. The finished basement adds flexible interior space, and the seller notes the possibility of upgrading the basement into another rental space, subject to applicable property zoning requirements.
Set up as a residential income property, this duplex is positioned for tenants seeking comfortable, updated living space with in-unit appliances and practical basement functionality, including rear access.
Off-street parking is available in the rear for added convenience. The finished basement adds flexible interior space, and the seller notes the possibility of upgrading the basement into another rental space, subject to applicable property zoning requirements.
Set up as a residential income property, this duplex is positioned for tenants seeking comfortable, updated living space with in-unit appliances and practical basement functionality, including rear access.
Key Highlights
- Twin duplex built in 1950 with masonry construction
- Finished basement adds additional living/entertaining space and exits to the rear
- Upgraded kitchens and baths reported across the two units
Financial Insights For Apartment 5plus
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 | $52.2k | $30.36 |
| − Vacancy | −$3.0k | −$1.76 |
| EGI | $49.2k | $28.60 |
| − OpEx | −$22.1k | −$12.87 |
| NOI | $27.1k | $15.73 |
1,720 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$419.3K
$366.9K – $489.2K
NOI $29,352 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$386.5K
$338.2K – $450.9K
NOI $27,055 @ 7.0% cap · market cap 8.59%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained twin duplex includes updated kitchens and baths, finished basement, appliances, and off-street rear parking.
Where is this duplex located?
The property is located at 1615-00 E MCPHERSON Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Twin duplex built in 1950 with masonry construction; Finished basement adds additional living/entertaining space and exits to the rear; Upgraded kitchens and baths reported across the two units
