Well-Maintained Four-Unit
2211 Mt Vernon Street Philadelphia, PA 19130
For Sale
$838,000
Four fully occupied units with separate electric meters, fire system, and basement coin-operated laundry facilities.
Property Size2,619 SF
Price / SF$319.97
Days on Market56
Property Features for 2211 Mt Vernon Street
General Information
- Standard status
- Active
- Size
- 2,619 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing Agency:
HK99 Realty LLC
(215) 725-7888
Listed By:
Jin Han Dong · License #RS331226
(215) 725-7888
Source:
Compass
Added: May 29
Changed: Jul 21
Last Checked: Jul 23 at 9:11AM
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 HK99 Realty LLC
Investment Insights
Based on property information with market context.
This well-maintained four-unit multifamily property includes separate electric meters and a fire system. The building offers a mix of one-bedroom, studio, and two-bedroom units. On the first floor, there is a one-bedroom, one-bath unit plus a den with a fireplace and access to a private red-brick garden/rear yard. The second-floor configuration includes a studio apartment and a one-bedroom unit, both with kitchens and full baths noted for the studio. The third floor features two two-bedroom, one-bath units with pine floors and eat-in kitchens.
A basement provides common area storage and coin-operated laundry facilities.
The property is located on Mount Vernon Street in Philadelphia’s Fairmount area, with convenient access to Benjamin Franklin Parkway, major museums, and Center City.
A basement provides common area storage and coin-operated laundry facilities.
The property is located on Mount Vernon Street in Philadelphia’s Fairmount area, with convenient access to Benjamin Franklin Parkway, major museums, and Center City.
Key Highlights
- Four‑unit multi‑family property at 2211 Mount Vernon Street, fully occupied
- Separate electric meters for the building
- Fire system on site
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 | $67.6k | $25.80 |
| − Vacancy | −$3.7k | −$1.42 |
| EGI | $63.8k | $24.38 |
| − OpEx | −$19.2k | −$7.31 |
| NOI | $44.7k | $17.06 |
2,619 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$638.5K
$558.7K – $744.9K
NOI $44,693 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$588.5K
$515.0K – $686.6K
NOI $41,196 @ 7.0% cap · market cap 4.92%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four fully occupied units with separate electric meters, fire system, and basement coin-operated laundry facilities.
Where is this quadplex located?
The property is located at 2211 Mt Vernon Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $838,000.
What are key features of this property?
This property features: Four‑unit multi‑family property at 2211 Mount Vernon Street, fully occupied; Separate electric meters for the building; Fire system on site
