Renovated Corner
For Sale
$364,000
2601 E ONTARIO Street, Philadelphia, PA 19134
Multi-Family, PHILADELPHIA, PA
Property Size1,932 SF
Lot Size0.03 Acres
Price / SF$188.41
Days on Market141
Property Features for 2601 E ONTARIO Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
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
Heat Pump (Heating), Other (Heating), Electric (Heating), Hot Water(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: Oct 29
Last Checked: Oct 30 at 2:06AM
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.
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Investment Insights
Based on property information with market context.
This 1,932-square-foot masonry duplex was built in 1920 and is arranged as a mixed-use property. The first floor provides an open interior with several rooms, a powder room, and a kitchenette area. Separate entrances support distinct access between the levels. The upper residence has been renovated with three bedrooms, a kitchen with white cabinetry, quartz countertops, stainless steel appliances, recessed lighting, updated flooring, and a remodeled hall bathroom.
Positioned on a 0.0252-acre corner lot in Philadelphia’s Port Richmond neighborhood, the property offers street-facing exposure and natural light on multiple sides. On-street parking is available, with ductless cooling and hot water, electric, other, and heat pump heating systems identified. Shopping, restaurants, parks, and public transportation are located in the surrounding area.
Positioned on a 0.0252-acre corner lot in Philadelphia’s Port Richmond neighborhood, the property offers street-facing exposure and natural light on multiple sides. On-street parking is available, with ductless cooling and hot water, electric, other, and heat pump heating systems identified. Shopping, restaurants, parks, and public transportation are located in the surrounding area.
Key Highlights
- 1,932‑square‑foot masonry duplex on a 0.0252‑acre corner lot
- Renovated upper‑level three‑bedroom residence
- Kitchen with quartz countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,969
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,380
$659.4K
Cap Rate 7%
$470,986
$471.0K
Cap Rate 9%
$366,322
$366.3K
Market Conditions
NOI Build-Up for 1,932 SF
Gross rent
$49.8K $25.80/SF
− Vacancy
−$2.7K −$1.42/SF
EGI
$47.1K $24.38/SF
− OpEx
−$14.1K −$7.31/SF
NOI
$33.0K $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 Rate 5%
$659,380
Cap Rate 7%
$470,986
Cap Rate 9%
$366,322
Alternative Uses
Best Use
Multifamily LT 5
$471.0K
$412.1K – $549.5K
NOI $32,969 @ 7.0% cap · market cap 9.06%
Second Best
Apartment 5plus
$434.1K
$379.9K – $506.5K
NOI $30,389 @ 7.0% cap · market cap 8.35%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,838
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Mixed-use configuration includes a renovated three-bedroom residence, separate entrances, and flexible first-floor space.
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 $364,000.
What are key features of this property?
This property features: 1,932‑square‑foot masonry duplex on a 0.0252‑acre corner lot; Renovated upper‑level three‑bedroom residence; Kitchen with quartz countertops and stainless steel appliances
