Two-Unit
New
For Sale
$260,000
229 W CHEW AVENUE, Philadelphia, PA 19120
As-is duplex with a kitchen and full bathroom on each floor.
Property Size1,472 SF
Days on Market4
Property Features for 229 W CHEW AVENUE
General Information
Standard status
Active
Size
1,472 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,662
Building Details
Building Size
1,472 SF
Year Built
1926
Stories
2
Tenancy
Multi
Listing Agency:
RE/MAX Affiliates
(267) 231-3617
Listed By:
Andy Ly · License #RS370306
(267) 231-3617
Source:
Lizclarkrealestate
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 3 at 10:51AM
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 Affiliates
Investment Insights
Based on property information with market context.
Built in 1926, this duplex is offered in as-is condition and includes two residential floor configurations. The first floor contains one bedroom, a living room, a full bathroom, and a kitchen. Upstairs, the layout provides three bedrooms, a full bathroom, and a second kitchen.
The property is located at 229 W Chew Avenue in Philadelphia, Pennsylvania 19120. Its distinct first- and second-floor arrangements provide a clear residential layout for buyers evaluating a duplex property.
The property is located at 229 W Chew Avenue in Philadelphia, Pennsylvania 19120. Its distinct first- and second-floor arrangements provide a clear residential layout for buyers evaluating a duplex property.
Key Highlights
- Two‑floor duplex at 229 W Chew Avenue, Philadelphia, PA 19120
- Built in 1926
- Property is being sold in as‑is condition
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 | $24.6k | $16.68 |
| − Vacancy | −$1.8k | −$1.20 |
| EGI | $22.8k | $15.48 |
| − OpEx | −$6.8k | −$4.64 |
| NOI | $15.9k | $10.83 |
1,472 SF · lease $16.68/SF/yr · vacancy 7.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$227.8K
$199.3K – $265.8K
NOI $15,946 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$202.6K
$177.3K – $236.4K
NOI $14,183 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$351.6K
$307.7K – $410.2K
NOI $24,614 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,528
Businesses Nearby
Explore this area
Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
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 - As-is duplex with a kitchen and full bathroom on each floor.
Where is this duplex located?
The property is located at 229 W CHEW AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two‑floor duplex at 229 W Chew Avenue, Philadelphia, PA 19120; Built in 1926; Property is being sold in as‑is condition
