Two-Unit Duplex with
For Sale
$259,900
2771 Island Ave, Philadelphia, PA 19153
Separate entrances, interior access, laundry facilities, and central air support flexible living arrangements.
Property Size860 SF
Price / SF$302.21
Days on Market68
Property Features for 2771 Island Ave
General Information
Standard status
Active
Size
860 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Southwest Philadelphia
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Amenities
laundry facilities
central air
Building Details
Year Built
1925
Buildings
1
Construction
ranch-style
Listing Agency:
Mango & August Inc
Listed By:
Marisa A Mango · License #AB066448
(215) 485-8907
Source:
Baltimoreharfordhomesforsale
Added: Aug 29
Changed: Nov 1
Last Checked: Nov 3 at 6:51AM
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 Mango & August Inc
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Investment Insights
Based on property information with market context.
Built in 1925, this duplex contains two distinct residential units with interior access between them. The ground-level apartment has one bedroom, a living room, kitchen, full bathroom, large closet, laundry facilities, a private exterior entry, and access to an expansive yard. The upper apartment includes two bedrooms, a living room, dining room, kitchen, and full bathroom. The property measures 860 square feet.
Building systems include gas heat, gas hot water, and central air conditioning, with one heating system and one hot water tank serving the property. The address is 2771 Island Ave in Philadelphia, Pennsylvania, within walking distance of public transportation and shopping. The layout supports use as separate living quarters or combined occupancy for an owner or investor.
Building systems include gas heat, gas hot water, and central air conditioning, with one heating system and one hot water tank serving the property. The address is 2771 Island Ave in Philadelphia, Pennsylvania, within walking distance of public transportation and shopping. The layout supports use as separate living quarters or combined occupancy for an owner or investor.
Key Highlights
- Two‑unit duplex with one 1‑bedroom and one 2‑bedroom apartment
- 860 square feet; built in 1925
- Ground‑level unit includes private exterior entrance and yard access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,676
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,520
$293.5K
Cap Rate 7%
$209,657
$209.7K
Cap Rate 9%
$163,067
$163.1K
Market Conditions
NOI Build-Up for 860 SF
Gross rent
$22.2K $25.80/SF
− Vacancy
−$1.2K −$1.42/SF
EGI
$21.0K $24.38/SF
− OpEx
−$6.3K −$7.31/SF
NOI
$14.7K $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%
$293,520
Cap Rate 7%
$209,657
Cap Rate 9%
$163,067
Alternative Uses
Best Use
Multifamily LT 5
$209.7K
$183.5K – $244.6K
NOI $14,676 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$193.2K
$169.1K – $225.5K
NOI $13,527 @ 7.0% cap · market cap 5.20%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Explore this area
Business Placement
Demographics for 19153, PA
11,985
Population
5,965
Households
2
Avg Household Size
41
Median Age
28%
College-Educated
92%
High-School Grad
10.1 sq mi
ZIP Area
1,187
Density / Sq Mi
$53,434
Median Household Income
$36,167
Median Earnings
$1,341
Median Rent
$198,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances, interior access, laundry facilities, and central air support flexible living arrangements.
Where is this duplex located?
The property is located at 2771 Island Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two‑unit duplex with one 1‑bedroom and one 2‑bedroom apartment; 860 square feet; built in 1925; Ground‑level unit includes private exterior entrance and yard access
