Two-Unit Duplex With Basement
New
For Sale
$405,000
1735 MCKEAN STREET, Philadelphia, PA 19145
Each residence offers two bedrooms, one bathroom, and an eat-in kitchen and living area.
Property Size1,468 SF
Days on Market2
Property Features for 1735 MCKEAN STREET
General Information
Standard status
Active
Size
1,468 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,376
Building Details
Building Size
1,468 SF
Year Built
1927
Listing Agency:
Central Realty Group LLC
(267) 312-5052
Listed By:
Dat Hong · License #RS292173
(267) 312-5052
Source:
Patmckennarealtors
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 4 at 5:11AM
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 Central Realty Group LLC
Investment Insights
Based on property information with market context.
Built in 1927, this legally zoned duplex contains two residential units, each arranged with two bedrooms, one bathroom, and a combined eat-in kitchen and living area. The first-floor residence includes use of the full basement and rear yard, adding functional space beyond the main living areas. Separate HVAC systems serve the units, with gas cooking and heating in place.
The property is located on McKean Street in Philadelphia’s Newbold neighborhood, with access to Center City, shopping areas, bars, and cafes. Its two-unit layout supports an owner-occupied arrangement with a second residence available for rent, or continued use as a two-unit residential property.
The property is located on McKean Street in Philadelphia’s Newbold neighborhood, with access to Center City, shopping areas, bars, and cafes. Its two-unit layout supports an owner-occupied arrangement with a second residence available for rent, or continued use as a two-unit residential property.
Key Highlights
- Two‑unit duplex in Philadelphia’s Newbold neighborhood
- Each unit includes 2 bedrooms and 1 bathroom
- First‑floor unit has full basement and rear yard access
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.9k | $25.80 |
| − Vacancy | −$2.1k | −$1.42 |
| EGI | $35.8k | $24.38 |
| − OpEx | −$10.7k | −$7.31 |
| NOI | $25.1k | $17.06 |
1,468 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$357.9K
$313.1K – $417.5K
NOI $25,051 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$329.9K
$288.6K – $384.9K
NOI $23,091 @ 7.0% cap · market cap 5.70%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,568
Businesses Nearby
Explore this area
Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms, one bathroom, and an eat-in kitchen and living area.
Where is this duplex located?
The property is located at 1735 MCKEAN STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Two‑unit duplex in Philadelphia’s Newbold neighborhood; Each unit includes 2 bedrooms and 1 bathroom; First‑floor unit has full basement and rear yard access
