2-Unit Duplex with Separate
169 PARKER Avenue, Philadelphia, PA 19128
For Sale
$399,900
Multi-Family, PHILADELPHIA, PA
Property Size1,872 SF
Lot Size0.08 Acres
Price / SF$213.62
Days on Market51
Property Features for 169 PARKER Avenue
General Information
Property type
Property subtype
Rooms
Parking
Parking features
Interior features
Appliances
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
off-street parking
central air
Building Details
Year built
Number of units
Building materials
Architectural style
Buildings
Listing Agency:
Keller Williams Real Estate-Blue Bell · Keller Williams Realty
(215) 646-2900
Listed By:
Patrick D Joos · License PA RS321417
(215) 872-1172
Added: Sep 21
Changed: Oct 29
Last Checked: Nov 10 at 3:06AM
MLS# PAPH2669676
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.
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Investment Insights
Based on property information with market context.
This 1,872-square-foot duplex, built in 1975, contains two residences with two bedrooms apiece. The first-floor unit has a long-term tenant, while the upper unit offers the option of owner occupancy. Separate utilities, central air, forced-air heating, and a driveway provide practical features for the property. The masonry building also includes an attic and a family room off the kitchen.
The property is in Philadelphia, within walking distance of Ivy Ridge train station. The station provides rail access to Center City Philadelphia and King of Prussia. Shops and restaurants along Main Street in Manayunk are also nearby.
The property is in Philadelphia, within walking distance of Ivy Ridge train station. The station provides rail access to Center City Philadelphia and King of Prussia. Shops and restaurants along Main Street in Manayunk are also nearby.
Key Highlights
- Two residences, each with two bedrooms
- Long‑term tenant occupies the first‑floor unit
- Separate utilities and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,945
Cap Rate
7.99%
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 7.99%
Second Best
Apartment 5plus
$420.7K
$368.1K – $490.8K
NOI $29,446 @ 7.0% cap · market cap 7.36%
Theoretical Best
—
—
same as Best Use
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
2
Residential units
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
$330,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Philadelphia, PA
Properties on Market for Duplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, and the occupied first-floor unit generates rental income.
Where is this duplex located?
The property is located at 169 PARKER Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two residences, each with two bedrooms; Long‑term tenant occupies the first‑floor unit; Separate utilities and central air
