Mixed-Use Corner Duplex
For Sale
$375,000
2601 E ONTARIO Street, Philadelphia, PA 19134
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,932 SF
Lot Size0.03 Acres
Price / SF$194.10
Days on Market50
Property Features for 2601 E ONTARIO Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Subdivision
PORT RICHMOND
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,932 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
3506
Utilities
Heating system
Hot Water(Heating), Electric (Heating), Other (Heating), Heat Pump (Heating)
Cooling system
Ductless
Building Details
Year built
1920
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Aggie Roberts · License #RS277846
(215) 680-1136
Added: Jun 12
Changed: Jul 13
Last Checked: Jul 31 at 1:06PM
MLS# PAPH2633484
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 property is a corner building currently configured as a mixed-use setup with two separate entrances. The first-floor space features an expansive open layout with multiple rooms, a powder room, and a kitchenette area, providing flexibility for a variety of living arrangements or possible conversion to additional residential use. The second-floor residence has been recently renovated and includes three bedrooms, a bright interior, and a modern kitchen with white cabinetry, quartz countertops, and stainless steel appliances. Recessed lighting, updated flooring, and a renovated hall bathroom round out the second-floor finishes.
The home sits on a small lot and is located in Philadelphia’s Port Richmond area. As a prominent corner property, it benefits from abundant natural light and an attractive street presence.
For buyers or operators, the separate entrances and current two-level layout can support multi-generational living, a live/work arrangement, or other flexible occupancy plans. The renovated second-floor unit with three bedrooms and updated interior features provides a turn-key residential component, while the first-floor configuration offers adaptability for a complementary living setup.
The home sits on a small lot and is located in Philadelphia’s Port Richmond area. As a prominent corner property, it benefits from abundant natural light and an attractive street presence.
For buyers or operators, the separate entrances and current two-level layout can support multi-generational living, a live/work arrangement, or other flexible occupancy plans. The renovated second-floor unit with three bedrooms and updated interior features provides a turn-key residential component, while the first-floor configuration offers adaptability for a complementary living setup.
Key Highlights
- Corner property with separate entrances and mixed‑use flexibility in the Port Richmond area of Philadelphia
- Mixed‑use configuration: first floor includes multiple rooms plus a powder room and kitchenette area
- Second‑floor residence has 3 bedrooms and a recently renovated interior with updated flooring
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 | $49.8k | $25.80 |
| − Vacancy | −$2.7k | −$1.42 |
| EGI | $47.1k | $24.38 |
| − OpEx | −$14.1k | −$7.31 |
| NOI | $33.0k | $17.06 |
1,932 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$471.0K
$412.1K – $549.5K
NOI $32,969 @ 7.0% cap · market cap 8.79%
Second Best
Apartment 5plus
$434.1K
$379.9K – $506.5K
NOI $30,389 @ 7.0% cap · market cap 8.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,838
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Corner duplex-style mixed-use building with separate entrances and a recently renovated three-bedroom second-floor residence.
Where is this duplex located?
The property is located at 2601 E ONTARIO Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Corner property with separate entrances and mixed‑use flexibility in the Port Richmond area of Philadelphia; Mixed‑use configuration: first floor includes multiple rooms plus a powder room and kitchenette area; Second‑floor residence has 3 bedrooms and a recently renovated interior with updated flooring
