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Duplex with Finished Basement
For Sale
Under Contract
$299,900

4609 VAN KIRK Street, Philadelphia, PA 19135

Multi-Family, PHILADELPHIA, PA

Property Size1,280 SF
Lot Size0.06 Acres
Price / SF$234.30
Days on Market30

Property Features for 4609 VAN KIRK Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Rooms Basement
Parking features Driveway
Appliances Oven/Range - Electric, Stainless Steel Appliances, Refrigerator, Washer, Dryer - Electric, Dishwasher
Elementary school district PHILADELPHIA CITY
Middle school district PHILADELPHIA CITY
High school district PHILADELPHIA CITY
Standard status Active Under Contract
Size 1,280 SF
Lot size 0.06 Acres

Taxes and HOA fees

Tax Annual Amount 3328

Utilities

Heating system Electric (Heating), Baseboard
Cooling system Window Unit(s)

Building Details

Year built 1920
Number of units 2
Building materials Masonry
Architectural style Colonial
Listing Agency: Keller Williams Realty Devon-Wayne
Listed By: Blerina Kotarja · License #RS377586
Added: Sep 24 Changed: Oct 13 Last Checked: Oct 23 at 4:06AM
MLS# PAPH2672634

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 1,280-square-foot masonry duplex, built in 1920, contains two units with matching two-bedroom layouts. Each has a living room, kitchen, and full bathroom. The first-floor unit also includes a finished basement and access to the backyard, while the second-floor unit has its own entrance. Electric baseboard heating and window-unit cooling serve the property, and the listed appliances include a range, refrigerator, dishwasher, washer, and electric dryer.

A private driveway provides off-street parking. The property is near I-95 North and South, major roadways, shopping, and public transportation. The lot measures 0.0597 acres.

Key Highlights

  • Two units, each with 2 bedrooms, a kitchen, living room, and full bathroom
  • First‑floor unit includes a finished basement and backyard access
  • Second‑floor unit has a private entrance

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$21,843
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,860 $436.9K
Cap Rate 7%
$312,043 $312.0K
Cap Rate 9%
$242,700 $242.7K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$33.0K $25.80/SF
− Vacancy
−$1.8K −$1.42/SF
EGI
$31.2K $24.38/SF
− OpEx
−$9.4K −$7.31/SF
NOI
$21.8K $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%
$436,860
Cap Rate 7%
$312,043
Cap Rate 9%
$242,700

Alternative Uses

Best Use
Multifamily LT 5
$312.0K
$273.0K – $364.1K (±1% cap)
NOI $21,843 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$287.6K
$251.7K – $335.6K (±1% cap)
NOI $20,134 @ 7.0% cap · market cap 6.71%
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
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Lease Details

2
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

888
Businesses Nearby

Demographics for 19135, PA

35,422
Population
14,323
Households
2.5
Avg Household Size
34
Median Age
16%
College-Educated
82%
High-School Grad
2.3 sq mi
ZIP Area
15,401
Density / Sq Mi
$51,817
Median Household Income
$38,673
Median Earnings
$1,197
Median Rent
$182,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two residential units have separate kitchens and full bathrooms, with private outdoor access for the first-floor unit.
Where is this duplex located?
The property is located at 4609 VAN KIRK Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms, a kitchen, living room, and full bathroom; First‑floor unit includes a finished basement and backyard access; Second‑floor unit has a private entrance
More about this property
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