Brick Duplex with Off-Street
165 PARKER Avenue, Philadelphia, PA 19128
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property size:
1,872 SFLot size:
0.10 AcresPrice / SF:
$240/SF- Added:
- Apr 20, 2026
- Days on Market:
- 34
- Last Refresh:
- May 23 at 4:06 pm
Property Features for 165 PARKER Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- Driveway, On Street
- Standard status
- Active
- Size
- 1,872 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5841
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1975
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Patrick D Joos License #RS321417 (215) 872-1172
Listing office Keller Williams Real Estate-Blue Bell 910 Harvest Drive unit: 100, Blue Bell, PA (215) 646-2900
Listing date Apr 20, 2026
MLS# PAPH2609546
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
- Excellent Location: Short walk to Ivy Ridge train station, Main Street Manayunk, and Ridge Ave with easy access to Philadelphia.
- Duplex Property: Opportunity for investment or owner‑occupancy with rental income potential.
- Updated Kitchens and Bathrooms: Both units feature modern updates.
- Central Air Conditioning: Provides comfortable climate control.
- Off‑Street Parking: Each unit has dedicated off‑street parking.
- Separate Washer and Dryer: Each unit has its own laundry setup.
Overview
This brick duplex, featuring off-street parking and central air, presents an opportunity for investors or owner-occupiers seeking rental income. The property is located within walking distance of the Ivy Ridge train station, Main Street Manayunk, and Ridge Avenue, providing convenient access into Philadelphia. Both units include updated kitchens and bathrooms, well-maintained carpeting, and separate washer and dryer setups. Each unit has a private entrance and dedicated off-street parking. The property size is 1872 square feet, situated on a lot of 0.0953 acres in Philadelphia, PA.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$354.9K
NOI $31,945 @ 9.00% cap · cautious / downside scenario
Moderate
$456.4K
NOI $31,945 @ 7.00% cap · market / base-case scenario
Aggressive
$638.9K
NOI $31,945 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.3k | $25.80 |
| − Vacancy | −$2.7k | −$1.42 |
| EGI | $45.6k | $24.38 |
| − OpEx | −$13.7k | −$7.31 |
| NOI | $31.9k | $17.06 |
1,872 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$456.4K
$399.3K – $532.4K
NOI $31,945 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$420.7K
$368.1K – $490.8K
NOI $29,446 @ 7.0% cap · market cap 6.55%
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
Duplexes
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.2331772
- Latitude
- 40.0359802
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Philadelphia duplex with updated kitchens, bathrooms, and parking.
Where is this duplex located?
The property is located at 165 PARKER Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Excellent Location: Short walk to Ivy Ridge train station, Main Street Manayunk, and Ridge Ave with easy access to Philadelphia.; Duplex Property: Opportunity for investment or owner‑occupancy with rental income potential.; Updated Kitchens and Bathrooms: Both units feature modern updates.
