Two-Unit Duplex with Private
For Sale
$450,000
175 PARKER AVENUE, Philadelphia, PA 19128
Each residence has its own meter, entrance, laundry, and driveway parking.
Property Size1,872 SF
Days on Market13
Property Features for 175 PARKER AVENUE
General Information
Standard status
Active
Size
1,872 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Neighborhood
Germany Hill
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Annual Taxes
$5,685
Building Details
Building Size
1,872 SF
Year Built
1975
Buildings
1
Listing Agency:
BHHS Fox & Roach-Center City Walnut
Listed By:
Frank L DeFazio · License #RS299840
(610) 636-4364
Source:
Lizclarkrealestate
Added: Oct 20
Changed: Oct 31
Last Checked: Oct 30 at 8:29PM
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 BHHS Fox & Roach-Center City Walnut
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Investment Insights
Based on property information with market context.
Built in 1975, this duplex contains two independently accessed, separately metered residences, each with two bedrooms and one bathroom. Both units have open layouts with large living rooms, separate dining areas, full-size washers and dryers, and multiple closets for bedroom and general storage. Each residence also has one-car driveway parking. Updates include LVP flooring, granite countertops, kitchen cabinets, bathroom vanities and showers, HVAC systems installed in 2025, and water heaters dated 2025/2026.
The property sits near the Manayunk-Roxborough border. Ivy Ridge Train Station is two blocks away, and Main Street Manayunk’s shops, restaurants, and nightlife are a 20-minute walk from the property.
The property sits near the Manayunk-Roxborough border. Ivy Ridge Train Station is two blocks away, and Main Street Manayunk’s shops, restaurants, and nightlife are a 20-minute walk from the property.
Key Highlights
- Two self‑contained units, each with 2 bedrooms and 1 bathroom
- Separate entrances and meters for both residences
- One‑car driveway parking for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,945
Cap Rate
7.10%
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 7.10%
Second Best
Apartment 5plus
$420.7K
$368.1K – $490.8K
NOI $29,446 @ 7.0% cap · market cap 6.54%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own meter, entrance, laundry, and driveway parking.
Where is this duplex located?
The property is located at 175 PARKER AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two self‑contained units, each with 2 bedrooms and 1 bathroom; Separate entrances and meters for both residences; One‑car driveway parking for each unit
