Philadelphia Duplex Ready for
1735 MCKEAN Street, Philadelphia, PA 19145
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property size:
1,468 SFLot size:
0.02 AcresPrice / SF:
$292/SF- Added:
- Mar 16, 2026
- Days on Market:
- 63
- Last Refresh:
- May 17 at 4:06 am
Property Features for 1735 MCKEAN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Interior features
- Kitchen - Eat-In
- Standard status
- Active
- Size
- 1,468 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1376
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1927
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Other
Listing agent Dat Hong License #RS292173 (267) 312-5052
Listing office Central Realty Group LLC 3064 Willits Road, Philadelphia, PA (215) 516-6038
Listing date Mar 16, 2026
MLS# PAPH2592788
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
- Legally zoned 2‑unit duplex, ideal for rental income or owner‑occupancy.
- Proven income potential with previous rents totaling $2650 per month.
- Each unit features 2 bedrooms, 1 bathroom, and an eat‑in kitchen/living room.
- Separate HVAC units for each apartment.
- First‑floor unit includes access to a full basement and rear yard.
- Convenient location near Center City, shopping, bars, and cafes.
Overview
Located in Philadelphia, this legally zoned two-unit duplex at 1735 McKean Street in Newbold is ready for rental income. The property previously generated a total of $2650 in rent, with each unit renting for $1350 and $1300 respectively. The property offers the option to reside in one unit while renting out the other. Both units feature 2 bedrooms, 1 bathroom, and an eat-in kitchen/living room area. The first-floor unit includes access to the full basement and rear yard. The property has separate HVAC units, gas cooking, and gas heating. The property is conveniently located near Center City, shopping areas, bars, and cafes, providing access to city amenities. The property size is 1468 square feet and the lot size is 0.022 acres.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$278.3K
NOI $25,051 @ 9.00% cap · cautious / downside scenario
Moderate
$357.9K
NOI $25,051 @ 7.00% cap · market / base-case scenario
Aggressive
$501.0K
NOI $25,051 @ 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 | $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 Use Scenarios
Best Use
Multifamily LT 5
$357.9K
$313.1K – $417.5K
NOI $25,051 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$329.9K
$288.6K – $384.9K
NOI $23,091 @ 7.0% cap · market cap 5.37%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.17557
- Latitude
- 39.92653
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-unit duplex in Philadelphia, ready for immediate rental income.
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 $429,900.
What are key features of this property?
This property features: Legally zoned 2‑unit duplex, ideal for rental income or owner‑occupancy.; Proven income potential with previous rents totaling $2650 per month.; Each unit features 2 bedrooms, 1 bathroom, and an eat‑in kitchen/living room.
