Two-Level Residential Income
For Sale
$290,000
1647 E EYRE STREET Unit 3, Philadelphia, PA 19125
Open living and kitchen areas complement a private lower-level bedroom and bathroom.
Property Size912 SF
Days on Market53
Property Features for 1647 E EYRE STREET Unit 3
General Information
Standard status
Active
Size
912 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Kensington
Public Transit
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$571
Building Details
Building Size
912 SF
Year Built
2018
Listing Agency:
Philly LMG, LLC
Listed By:
Sabina Palermo · License #RS345386
(215) 821-5527
Source:
Patmckennarealtors
Added: Sep 10
Changed: Oct 31
Last Checked: Oct 30 at 7:28PM
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 Philly LMG, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-level condominium, built in 2018, features an open main-floor living room and kitchen arranged for daily use and entertaining. The lower level contains a private one-bedroom, one-bathroom configuration, giving the residence a distinct separation between living and sleeping areas. Approximately one year remains on the property’s tax abatement.
The condominium is positioned near Frankford Avenue restaurants, cafés, bars, and boutiques, with Fishtown and East Kensington destinations also nearby. Fishtown Crossing, Front Street, and the Delaware River waterfront are identified as neighborhood staples. Public transportation and access to Center City add to the property’s urban connectivity.
The condominium is positioned near Frankford Avenue restaurants, cafés, bars, and boutiques, with Fishtown and East Kensington destinations also nearby. Fishtown Crossing, Front Street, and the Delaware River waterfront are identified as neighborhood staples. Public transportation and access to Center City add to the property’s urban connectivity.
Key Highlights
- Two‑level condominium with open living room and kitchen
- Private lower level with 1 bedroom and 1 bathroom
- Approximately one year remaining on tax abatement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,345
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,900
$286.9K
Cap Rate 7%
$204,929
$204.9K
Cap Rate 9%
$159,389
$159.4K
Market Conditions
NOI Build-Up for 912 SF
Gross rent
$27.7K $30.36/SF
− Vacancy
−$1.6K −$1.76/SF
EGI
$26.1K $28.60/SF
− OpEx
−$11.7K −$12.87/SF
NOI
$14.3K $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%
$286,900
Cap Rate 7%
$204,929
Cap Rate 9%
$159,389
Alternative Uses
Best Use
Apartment 5plus
$204.9K
$179.3K – $239.1K
NOI $14,345 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$222.3K
$194.5K – $259.4K
NOI $15,563 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,149
Businesses Nearby
Explore this area
Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Open living and kitchen areas complement a private lower-level bedroom and bathroom.
Where is this residential income property located?
The property is located at 1647 E EYRE STREET Unit 3 Philadelphia, PA.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two‑level condominium with open living room and kitchen; Private lower level with 1 bedroom and 1 bathroom; Approximately one year remaining on tax abatement
