Single-Family Home with Roof
609 E LOCUST AVENUE Philadelphia, PA 19144
For Sale
$650,000
SINGLE_FAMILY - PHILADELPHIA, PA
Property Size3,780 SF
Price / SF$171.96
Days on Market44
Property Features for 609 E LOCUST AVENUE
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4
- Standard status
- Active
- Size
- 3,780 SF
Building Details
- Year built
- 2026
Listing Agency:
BHHS Fox & Roach Chestnut Hill
(215) 247-3750
Listed By:
Stephanie Washington
(215) 897-9191
Added: Jun 10
Changed: Jul 23
Last Checked: Jul 23 at 11:06AM
MLS# PAPH2632800
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
New construction single-family home offering more than 3,600 square feet across four finished levels. The exterior features a custom brick façade, elevated entry, black Andersen windows, a professionally landscaped front yard, and a fenced rear yard, along with a private roof deck. Inside, the open-concept main level includes 10-foot ceilings and waterproof engineered hardwood flooring with abundant natural light. The designer kitchen is highlighted by custom cabinetry, quartz countertops, stainless steel appliances, an oversized island, a beverage center, and ample storage. The finished lower level provides flexible space that can function as a media room, home gym, guest suite, playroom, or private office. The third floor is dedicated to an owner’s retreat with a bedroom, beverage center, and additional bonus space, plus a spa-inspired bath with a freestanding soaking tub, oversized walk-in shower with rainfall fixture, double vanity, and premium finishes.
Located in historic Germantown with convenient access to Center City, SEPTA Regional Rail, neighborhood parks, shopping, restaurants, and local educational institutions including Penn Charter, Germantown Friends School, Greene Street Friends School, and Central High School. Seller is offering up to $18,000 toward buyer closing costs with an acceptable offer.
Located in historic Germantown with convenient access to Center City, SEPTA Regional Rail, neighborhood parks, shopping, restaurants, and local educational institutions including Penn Charter, Germantown Friends School, Greene Street Friends School, and Central High School. Seller is offering up to $18,000 toward buyer closing costs with an acceptable offer.
Key Highlights
- Under construction with an estimated 2026 year built and more than 3,600 SF across four finished levels
- Exterior features include custom brick façade, professionally landscaped front yard, black Andersen windows, elevated entry, and fenced rear yard
- Main level includes an open‑concept layout with 10‑foot ceilings and waterproof engineered hardwood flooring
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.8k | $30.36 |
| − Vacancy | −$6.7k | −$1.76 |
| EGI | $108.1k | $28.60 |
| − OpEx | −$48.6k | −$12.87 |
| NOI | $59.5k | $15.73 |
3,780 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$849.4K
$743.2K – $991.0K
NOI $59,458 @ 7.0% cap · market cap 9.15%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$921.5K
$806.3K – $1.08M
NOI $64,505 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
What type of property is this?
Single family property - New construction single-family residence with four finished levels, designer kitchen, fenced yard, and private roof deck.
Where is this single family property located?
The property is located at 609 E LOCUST AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Under construction with an estimated 2026 year built and more than 3,600 SF across four finished levels; Exterior features include custom brick façade, professionally landscaped front yard, black Andersen windows, elevated entry, and fenced rear yard; Main level includes an open‑concept layout with 10‑foot ceilings and waterproof engineered hardwood flooring
