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    Triplex with Private Flex Spaces Title is generated by Realmo AI

    1620 MOUNT VERNON Street, Philadelphia, PA 19130

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    New
    For Sale
    $869,000

    MULTI_FAMILY - Other - PHILADELPHIA, PA

    Property size:
    2,700 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $321/SF
    Added:
    Jun 12, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 15 at 1:06 pm

    Property Features for 1620 MOUNT VERNON Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Standard status
    Active
    Size
    2,700 SF
    Lot size
    0.03 Acres

    Taxes and HOA fees

    Tax Annual Amount
    11548

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1915
    Number of units
    3
    Building materials
    Masonry
    Architectural style
    Other

    We can help!

    Listing Contact
    Kevin M McGettigan

    Listing agent Kevin M McGettigan License #RS326539

    Listing office OCF Realty LLC - Philadelphia 1936 Washington Avenue, Philadelphia, PA

    Listing date Jun 12, 2026

    MLS# PAPH2634424 Listing URL

    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.

    HighLights

    • Legally zoned as a triplex with 3 rental units plus 3 additional flex spaces on each floor, each with private access
    • First‑floor owner‑occupied 1 bed, 1 bath includes access to a private rear yard
    • Second‑floor 1 bed, 1 bath features a separate laundry area and original wood doorway
    • Third‑floor studio includes a full bath, in‑unit laundry, and private access to a rear deck
    • Full‑length unfinished basement with nice ceiling height and ample storage room
    • Masonry construction with forced‑air heating and central air; built in 1915

    Overview

    This legally zoned triplex is currently configured as three rental units plus three additional flex spaces, with private access to each flex area from its respective floor. The first floor includes an owner-occupied one-bedroom, one-bath unit with access to a private rear yard. A flex space on the first floor features soaring ceilings, a large living area with original wood floors, and a marble fireplace. The second floor is a one-bedroom, one-bath unit with a separate laundry and distinctive original woodwork, along with abundant windows. The third floor offers a studio with a full bath, in-unit laundry, and private access to a rear deck, plus a flex space with a kitchenette and a large full bathroom with a glass walk-in shower. A full-length unfinished basement with ceiling height supports storage needs.

    The property is located at 1620 Mount Vernon Street in Philadelphia, within the Fairmount/Spring Garden area. It sits on a quiet block and features a marble entry and original woodwork details throughout the building. The area is described as walkable, with nearby retail and dining options including Whole Foods and major grocers, as well as green spaces such as The Spring Gardens and Clemente Playground. Transit access includes nearby SEPTA bus routes and easy access to the Broad Street Line’s Spring Garden Station, described as about two blocks east, connecting into Center City.

    For tenants or buyers, the mix of three rental units and private-access flex space can support flexible living and space planning, including potential combinations between units and flex areas as described. Owner-occupants can occupy one unit while collecting rent from the others, and the basement provides additional storage. Investors may also explore opportunities related to the building’s current configuration and zoning framework as outlined in the listing remarks.

    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 $69.7k $25.80
    − Vacancy −$3.8k −$1.42
    EGI $65.8k $24.38
    − OpEx −$19.7k −$7.31
    NOI $46.1k $17.06
    2,700 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $658.2K
    $575.9K – $767.9K (±1% cap)
    NOI $46,075 @ 7.0% cap · market cap 5.30%
    Second Best
    Apartment 5plus
    $606.7K
    $530.9K – $707.8K (±1% cap)
    NOI $42,470 @ 7.0% cap · market cap 4.89%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Law Firm Food Market Skin Care Clinic Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.1650925
    Latitude
    39.9648132

    FAQs

    What type of property is this?
    Triplex - Legally configured triplex with private-access flex spaces per floor and in-unit laundry options.
    Where is this triplex located?
    The property is located at 1620 MOUNT VERNON Street Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $869,000.
    What are key features of this property?
    This property features: Legally zoned as a triplex with 3 rental units plus 3 additional flex spaces on each floor, each with private access; First‑floor owner‑occupied 1 bed, 1 bath includes access to a private rear yard; Second‑floor 1 bed, 1 bath features a separate laundry area and original wood doorway
    More about this property
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