Two-Unit Brick
549 AVON STREET, Philadelphia, PA 19116
For Sale
New
$425,000
Both apartments are occupied and configured with two bedrooms and one full bathroom each.
Property Size1,584 SF
Price / SF$268.31
Days on Market6
Property Features for 549 AVON STREET
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Year Built
Buildings
Construction
Listing Agency:
Keller Williams Real Estate - Newtown
(215) 860-4200
Listed By:
Jay E Epstein · License PA RS328801
(267) 551-1871
Source:
Cummingsrealtors
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 10 at 8:52AM
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 Keller Williams Real Estate - Newtown
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This brick duplex contains two apartments, each with two bedrooms and one full bathroom. The units are currently rented, and the property provides approximately 1,584 square feet of total living area. Built in 1965, the building has updated kitchens and bathrooms, along with recently replaced windows.
The property is at 549 Avon Street in the Somerton section of Northeast Philadelphia. Shopping, restaurants, public transportation, and major commuter routes are nearby.
The property is at 549 Avon Street in the Somerton section of Northeast Philadelphia. Shopping, restaurants, public transportation, and major commuter routes are nearby.
Key Highlights
- Two occupied rental apartments
- Each unit has 2 bedrooms and 1 full bathroom
- Approximately 1,584 square feet of total living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,031
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$540,620
$540.6K
Cap Rate 7%
$386,157
$386.2K
Cap Rate 9%
$300,344
$300.3K
Market Conditions
NOI Build-Up for 1,584 SF
Gross rent
$40.9K $25.80/SF
− Vacancy
−$2.3K −$1.42/SF
EGI
$38.6K $24.38/SF
− OpEx
−$11.6K −$7.31/SF
NOI
$27.0K $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%
$540,620
Cap Rate 7%
$386,157
Cap Rate 9%
$300,344
Alternative Uses
Best Use
Multifamily LT 5
$386.2K
$337.9K – $450.5K
NOI $27,031 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$355.9K
$311.5K – $415.3K
NOI $24,916 @ 7.0% cap · market cap 5.86%
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
Location Intelligence
Trade Area within ½ mile
907
Businesses Nearby
Explore this area
Business Placement
Demographics for 19116, PA
35,610
Population
14,166
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,848
Density / Sq Mi
$67,558
Median Household Income
$43,817
Median Earnings
$1,214
Median Rent
$321,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Philadelphia, PA
Properties on Market for Duplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are occupied and configured with two bedrooms and one full bathroom each.
Where is this duplex located?
The property is located at 549 AVON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two occupied rental apartments; Each unit has 2 bedrooms and 1 full bathroom; Approximately 1,584 square feet of total living space
