Brick Duplex with
New
For Sale
$389,900
541 MCKINLEY STREET, Philadelphia, PA 19111
Two residential units feature wood cabinetry, wood-look flooring, and access to a fenced rear yard.
Property Size1,816 SF
Days on Market4
Property Features for 541 MCKINLEY STREET
General Information
Standard status
Active
Size
1,816 SF
Property subtype
Duplex
Site & Location
Neighborhood
Northeast Philadelphia
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,091
Amenities
laundry facilities
storage areas
fenced backyard
Building Details
Building Size
1,816 SF
Year Built
1925
Buildings
1
Construction
brick
Listing Agency:
Bright Home Realty, LLC
Listed By:
Bo Yuan Li · License #RM425099
(215) 613-7276
Source:
Lizclarkrealestate
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 4 at 1:47PM
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 Bright Home Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,816-square-foot brick duplex was built in 1925. The interiors have wood-look flooring and neutral finishes, with living areas and bedrooms that receive natural light. Each kitchen is fitted with wood cabinetry and a practical layout. A basement provides laundry facilities and storage, with an exterior door to the rear yard.
The rear yard is fenced and has side access. The property is located at 541 McKinley Street in Philadelphia.
The rear yard is fenced and has side access. The property is located at 541 McKinley Street in Philadelphia.
Key Highlights
- 1,816‑square‑foot brick duplex built in 1925
- Basement includes laundry facilities and storage areas
- Fenced rear yard with side access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,382
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,640
$487.6K
Cap Rate 7%
$348,314
$348.3K
Cap Rate 9%
$270,911
$270.9K
Market Conditions
NOI Build-Up for 1,816 SF
Gross rent
$36.0K $19.80/SF
− Vacancy
−$1.1K −$0.62/SF
EGI
$34.8K $19.18/SF
− OpEx
−$10.4K −$5.75/SF
NOI
$24.4K $13.43/SF
Area
ZIP 19111
Vacancy
3.13%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,640
Cap Rate 7%
$348,314
Cap Rate 9%
$270,911
Alternative Uses
Best Use
Multifamily LT 5
$348.3K
$304.8K – $406.4K
NOI $24,382 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$321.2K
$281.1K – $374.8K
NOI $22,485 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$550.6K
$481.8K – $642.4K
NOI $38,542 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
931
Businesses Nearby
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Business Placement
Demographics for 19111, PA
67,017
Population
27,518
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
13,962
Density / Sq Mi
$60,441
Median Household Income
$39,065
Median Earnings
$1,221
Median Rent
$244,000
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 - Two residential units feature wood cabinetry, wood-look flooring, and access to a fenced rear yard.
Where is this duplex located?
The property is located at 541 MCKINLEY STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: 1,816‑square‑foot brick duplex built in 1925; Basement includes laundry facilities and storage areas; Fenced rear yard with side access
