Two-Unit Duplex with Separate
For Sale
$424,900
169 Parker Ave, Philadelphia, PA 19128
Both residences offer spacious layouts, central air, off-street parking, and proximity to the Ivy Ridge train station.
Property Size1,872 SF
Price / SF$226.98
Days on Market20
Property Features for 169 Parker Ave
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Multi-Family
Building Details
Year Built
1975
Listing Agency:
Keller Williams Real Estate-Blue Bell
Listed By:
Patrick D Joos · License #RS321417
(215) 872-1172
Source:
Viewmarylandhomesforsale
Added: Sep 21
Changed: Oct 7
Last Checked: Oct 9 at 7:36PM
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 Real Estate-Blue Bell
Investment Insights
Based on property information with market context.
This 1,872-square-foot duplex, built in 1975, contains two residences with two bedrooms in each unit. Both floor plans include sizable kitchens and living rooms with abundant natural light. Central air, separate utilities, and off-street parking add practical features for occupants and ownership. The first-floor residence is occupied by a long-term tenant, while the upper unit may suit an owner-occupant seeking residential space within the property.
The property is within walking distance of the Ivy Ridge train station, providing access toward Center City Philadelphia and King of Prussia. Shops and restaurants along Main Street in Manayunk are also nearby.
The property is within walking distance of the Ivy Ridge train station, providing access toward Center City Philadelphia and King of Prussia. Shops and restaurants along Main Street in Manayunk are also nearby.
Key Highlights
- Two‑unit duplex with 1,872 SF of building area
- Two bedrooms in each unit
- First‑floor unit occupied by a long‑term tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,945
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,900
$638.9K
Cap Rate 7%
$456,357
$456.4K
Cap Rate 9%
$354,944
$354.9K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$48.3K $25.80/SF
− Vacancy
−$2.7K −$1.42/SF
EGI
$45.6K $24.38/SF
− OpEx
−$13.7K −$7.31/SF
NOI
$31.9K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,900
Cap Rate 7%
$456,357
Cap Rate 9%
$354,944
Alternative Uses
Best Use
Multifamily LT 5
$456.4K
$399.3K – $532.4K
NOI $31,945 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$420.7K
$368.1K – $490.8K
NOI $29,446 @ 7.0% cap · market cap 6.93%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
Explore this area
Business Placement
Demographics for 19128, PA
36,808
Population
19,006
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
5,258
Density / Sq Mi
$89,639
Median Household Income
$64,861
Median Earnings
$1,563
Median Rent
$330,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer spacious layouts, central air, off-street parking, and proximity to the Ivy Ridge train station.
Where is this duplex located?
The property is located at 169 Parker Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,872 SF of building area; Two bedrooms in each unit; First‑floor unit occupied by a long‑term tenant
