Residential Income Property with Vaulted
New
For Sale
$700,000
1632 MOUNT VERNON STREET #PH, Philadelphia, PA 19130
Updated interiors, exposed brick, and an upper-level area distinguish this Philadelphia residence.
Property Size1,630 SF
Price / SF$429.45
Days on Market5
Property Features for 1632 MOUNT VERNON STREET #PH
General Information
Standard status
Active
Size
1,630 SF
Property subtype
Apartment
Site & Location
Neighborhood
Spring Garden
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Building Details
Year Built
1915
Listing Agency:
Keller Williams Main Line
(610) 520-0100
Listed By:
Francis Mangubat · License #RS33379
(302) 423-9007
Source:
Cummingsrealtors
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 3:32PM
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 Keller Williams Main Line
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,630-square-foot residential property in Philadelphia has three bedrooms and two full bathrooms. Built in 1915 and renovated, the home features hardwood floors, granite kitchen countertops, vaulted ceilings, and exposed brick accent walls. A spiral staircase connects to an additional upper-level area.
The property is on Mount Vernon Street in the Fairmount neighborhood, with nearby restaurants, cafes, bars, Fairmount Park, and the Philadelphia Museum of Art. Public transportation and Center City are also accessible from the area.
The property is on Mount Vernon Street in the Fairmount neighborhood, with nearby restaurants, cafes, bars, Fairmount Park, and the Philadelphia Museum of Art. Public transportation and Center City are also accessible from the area.
Key Highlights
- 1,630 square feet with three bedrooms and two full bathrooms
- Built in 1915 and renovated
- Vaulted ceilings, hardwood floors, and exposed brick accent walls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,639
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,780
$512.8K
Cap Rate 7%
$366,271
$366.3K
Cap Rate 9%
$284,878
$284.9K
Market Conditions
NOI Build-Up for 1,630 SF
Gross rent
$49.5K $30.36/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$46.6K $28.60/SF
− OpEx
−$21.0K −$12.87/SF
NOI
$25.6K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,780
Cap Rate 7%
$366,271
Cap Rate 9%
$284,878
Alternative Uses
Best Use
Apartment 5plus
$366.3K
$320.5K – $427.3K
NOI $25,639 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$397.4K
$347.7K – $463.6K
NOI $27,816 @ 7.0% cap · market cap 3.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,508
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
Frequently Asked Questions
What type of property is this?
Residential income property - Updated interiors, exposed brick, and an upper-level area distinguish this Philadelphia residence.
Where is this residential income property located?
The property is located at 1632 MOUNT VERNON STREET #PH Philadelphia, PA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 1,630 square feet with three bedrooms and two full bathrooms; Built in 1915 and renovated; Vaulted ceilings, hardwood floors, and exposed brick accent walls
