Duplex with Six-Car
For Sale
$589,000
2137-39 E ANN ST, Philadelphia, PA 19134
Two structures provide separate entrances, individual utilities, residential apartments, and substantial garage capacity on a corner lot.
Property Size1,422 SF
Price / SF$414.21
Days on Market95
Property Features for 2137-39 E ANN ST
General Information
Standard status
Active
Size
1,422 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR, 1 x 2BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Building Details
Buildings
2
Listing Agency:
RE/MAX Select Group
(215) 335-6900
Listed By:
Marco A Troche · License #RS309601
(267) 255-8132
Source:
Hostetterrealty
Added: Jul 20
Changed: Oct 8
Last Checked: Oct 20 at 8:13PM
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 RE/MAX Select Group
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Investment Insights
Based on property information with market context.
This duplex property includes two separate structures on one lot. The main building contains a first-floor one-bedroom apartment and a second-floor two-bedroom apartment, each with its own entrance and separate utilities. A second structure adds another one-bedroom apartment along with a six-car garage and additional storage space above or behind the garage.
Situated at 2137-39 E Ann St in Philadelphia, the property occupies a corner lot with access to public transportation and major routes. The configuration supports multiple residential units along with substantial enclosed garage and storage space.
Situated at 2137-39 E Ann St in Philadelphia, the property occupies a corner lot with access to public transportation and major routes. The configuration supports multiple residential units along with substantial enclosed garage and storage space.
Key Highlights
- Two structures on one corner lot
- Main building includes 1‑bedroom and 2‑bedroom apartments
- Corner structure includes a 1‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,266
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$485,320
$485.3K
Cap Rate 7%
$346,657
$346.7K
Cap Rate 9%
$269,622
$269.6K
Market Conditions
NOI Build-Up for 1,422 SF
Gross rent
$36.7K $25.80/SF
− Vacancy
−$2.0K −$1.42/SF
EGI
$34.7K $24.38/SF
− OpEx
−$10.4K −$7.31/SF
NOI
$24.3K $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%
$485,320
Cap Rate 7%
$346,657
Cap Rate 9%
$269,622
Alternative Uses
Best Use
Multifamily LT 5
$346.7K
$303.3K – $404.4K
NOI $24,266 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$319.5K
$279.6K – $372.8K
NOI $22,367 @ 7.0% cap · market cap 3.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,411
Businesses Nearby
Explore this area
Business Placement
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
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 - Two structures provide separate entrances, individual utilities, residential apartments, and substantial garage capacity on a corner lot.
Where is this duplex located?
The property is located at 2137-39 E ANN ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Two structures on one corner lot; Main building includes 1‑bedroom and 2‑bedroom apartments; Corner structure includes a 1‑bedroom apartment
