1620 MOUNT VERNON Street, Philadelphia, PA 19130
MULTI_FAMILY - Other - PHILADELPHIA, PA
- 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
Listing agent Kevin M McGettigan License #RS326539 (856) 347-0434
Listing office OCF Realty LLC - Philadelphia 1936 Washington Avenue, Philadelphia, PA (215) 735-7368
Listing date Jun 12, 2026
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1650925
- Latitude
- 39.9648132