Character-Rich Duplex with Private
New
For Sale
$525,000
221 E MOUNT PLEASANT AVENUE, Philadelphia, PA 19119
SINGLE_FAMILY - PHILADELPHIA, PA
Property Size2,288 SF
Price / SF$229.46
Days on Market5
Property Features for 221 E MOUNT PLEASANT AVENUE
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 2
Subdivision
MOUNT PLEASANT
High school
GERMANTOWN
Standard status
Active
Size
2,288 SF
Amenities
gas fireplace
hardwood floors
custom paver patio
mini split heat and air conditioning
Building Details
Year built
1937
Listing Agency:
BHHS Fox & Roach Wayne-Devon Sales Office · Berkshire Hathaway HomeServices
(610) 651-2700
Listed By:
David England · License #AB067446
(610) 331-2173
Added: Aug 7
Last Checked: Aug 11 at 5:06PM
MLS# PAPH2638008
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,288-square-foot duplex is a 1937 twin home with four bedrooms arranged across the second and third floors. Interior features include original hardwood flooring, high ceilings, a gas fireplace with original tile and mantel, exposed ceiling beams, and a built-in dining room cupboard. The kitchen has stainless steel appliances, recessed and pendant lighting, and a raised island with breakfast-bar seating. A second-floor sitting room adds flexible space for an office, playroom, or additional living area. The home includes two full bathrooms and a first-floor half bath, with the second-floor bathroom remodeled in 2020.
Outdoor amenities include a front porch, landscaped rear yard, custom paver patio, and 6-foot wood fencing. Four mini-split heating and air-conditioning units were installed in 2020, while the knob-and-tube wiring was replaced with an upgraded electrical system in 2015. The property is within walking distance of Germantown Avenue shops, restaurants, and parks, with a SEPTA Regional Rail station nearby.
Outdoor amenities include a front porch, landscaped rear yard, custom paver patio, and 6-foot wood fencing. Four mini-split heating and air-conditioning units were installed in 2020, while the knob-and-tube wiring was replaced with an upgraded electrical system in 2015. The property is within walking distance of Germantown Avenue shops, restaurants, and parks, with a SEPTA Regional Rail station nearby.
Key Highlights
- 2,288‑square‑foot duplex with four bedrooms
- 1937 twin home with original hardwood floors, high ceilings, gas fireplace, beams, and built‑in cabinetry
- Second‑floor bathroom remodeled in 2020 with custom tile, added storage, and soaking tub
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,044
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$780,880
$780.9K
Cap Rate 7%
$557,771
$557.8K
Cap Rate 9%
$433,822
$433.8K
Market Conditions
NOI Build-Up for 2,288 SF
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.
Gross rent
$59.0K $25.80/SF
− Vacancy
−$3.3K −$1.42/SF
EGI
$55.8K $24.38/SF
− OpEx
−$16.7K −$7.31/SF
NOI
$39.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$780,880
Cap Rate 7%
$557,771
Cap Rate 9%
$433,822
Alternative Uses
Best Use
Multifamily LT 5
$557.8K
$488.1K – $650.7K
NOI $39,044 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$514.1K
$449.9K – $599.8K
NOI $35,989 @ 7.0% cap · market cap 6.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
963
Businesses Nearby
Explore this area
Business Placement
Demographics for 19119, PA
27,265
Population
13,909
Households
2
Avg Household Size
44
Median Age
55%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
8,019
Density / Sq Mi
$81,609
Median Household Income
$54,598
Median Earnings
$1,291
Median Rent
$326,600
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 - Four-bedroom twin home combines original architectural details with updated systems, outdoor space, and convenient neighborhood access.
Where is this duplex located?
The property is located at 221 E MOUNT PLEASANT AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,288‑square‑foot duplex with four bedrooms; 1937 twin home with original hardwood floors, high ceilings, gas fireplace, beams, and built‑in cabinetry; Second‑floor bathroom remodeled in 2020 with custom tile, added storage, and soaking tub
