Duplex With Attached Two-Car
New
For Sale
$350,000
2589 BALWYNNE PARK Road, Philadelphia, PA 19131
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,828 SF
Lot Size0.04 Acres
Price / SF$191.47
Days on Market1
Property Features for 2589 BALWYNNE PARK Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
2
Parking features
Driveway, Garage - Attached
Subdivision
BALWYNNE PARK
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,828 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
4214
Utilities
Heating system
Forced Air
Amenities
front patio
updated kitchens
updated windows
dedicated washers and dryers
storage closets
Building Details
Year built
1959
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(610) 828-9558
Listed By:
Eileen Gray · License #RS227918L
(215) 603-8484
Added: Jul 31
Last Checked: Jul 31 at 5:06AM
MLS# PAPH2652868
Copyright © 2026 Bright MLS. 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 duplex offers two-bedroom, one-bathroom layouts in each unit, with updated kitchens in both. The windows have been updated, the vacant unit has been freshly painted, and a newer hallway rug connects to both units. The basement includes dedicated washers and dryers for each unit, along with storage closets (one for each unit). Parking includes an attached garage with one space per unit and rear driveway parking for two cars.
Constructed with masonry materials and heated with forced air, the property was built in 1959. A front patio is shaded by trees, providing an outdoor space at the front of the home. The property is located at 2589 BALWYNNE PARK Road in Philadelphia (19131), with major shopping within walking distance and public transportation described as readily available.
Unit 1 has a tenant that has been in place for 32 years, and the property is presented as a potential owner-occupant or investor duplex.
Constructed with masonry materials and heated with forced air, the property was built in 1959. A front patio is shaded by trees, providing an outdoor space at the front of the home. The property is located at 2589 BALWYNNE PARK Road in Philadelphia (19131), with major shopping within walking distance and public transportation described as readily available.
Unit 1 has a tenant that has been in place for 32 years, and the property is presented as a potential owner-occupant or investor duplex.
Key Highlights
- Duplex with two‑bedroom, one‑bath units
- Updated kitchens in both units plus updated windows
- In‑basement dedicated washer and dryer for each unit
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 | $47.2k | $25.80 |
| − Vacancy | −$2.6k | −$1.42 |
| EGI | $44.6k | $24.38 |
| − OpEx | −$13.4k | −$7.31 |
| NOI | $31.2k | $17.06 |
1,828 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$445.6K
$389.9K – $519.9K
NOI $31,195 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$410.8K
$359.4K – $479.2K
NOI $28,754 @ 7.0% cap · market cap 8.22%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,912
Businesses Nearby
Explore this area
Business Placement
Demographics for 19131, PA
42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
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 - Duplex with updated kitchens, dedicated in-basement laundry for each unit, and an attached two-car garage plus rear driveway parking.
Where is this duplex located?
The property is located at 2589 BALWYNNE PARK Road Philadelphia, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Duplex with two‑bedroom, one‑bath units; Updated kitchens in both units plus updated windows; In‑basement dedicated washer and dryer for each unit
