Two-Unit Brick
For Sale
$395,000
620 W PARK LANE, Philadelphia, PA 19144
Each residence has two bedrooms and one full bath, with laundry and private storage in the shared basement.
Property Size1,518 SF
Lot Size0.16 Acres
Price / SF$260.21
Days on Market146
Property Features for 620 W PARK LANE
General Information
Standard status
Active
Size
1,518 SF
Total Parking Spaces
2
Lot size
0.16 Acres
Property subtype
Duplex
Site & Location
Neighborhood
Northwest Philadelphia
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,627
Amenities
laundry
private storage lockers
private backyard
Building Details
Building Size
1,518 SF
Year Built
1950
Buildings
1
Construction
brick and cinder block
Listing Agency:
Keller Williams Realty
Listed By:
Desantis Real Estate Team · License #342628
(267) 625-7016
Source:
Desantis-realestate
Added: Jun 8
Changed: Oct 27
Last Checked: Oct 27 at 3:48AM
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 Realty
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Investment Insights
Based on property information with market context.
This brick and cinder block duplex contains two residences, each with two bedrooms and one full bathroom across approximately 750 square feet. The shared basement includes laundry and private storage lockers, and an attached two-car garage serves the property. Improvements over time include electrical and plumbing work, replacement windows, exterior and garage doors, and a roof installed in April 2026. The parcel measures 7,095 square feet and occupies a corner position with a backyard.
The property is a 10-minute walk from Tulpehocken Regional Rail station. Nearby destinations include Blue Bell Park, Clifford Park, Wissahickon Valley Park, Walnut Lane Golf Club, and Weavers Way Co-op – Mt. Airy. Center City, City Avenue, I-76, and Lincoln Drive are also listed as commute destinations.
The property is a 10-minute walk from Tulpehocken Regional Rail station. Nearby destinations include Blue Bell Park, Clifford Park, Wissahickon Valley Park, Walnut Lane Golf Club, and Weavers Way Co-op – Mt. Airy. Center City, City Avenue, I-76, and Lincoln Drive are also listed as commute destinations.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom
- Approximately 750 square feet per residence
- Attached two‑car garage; shared basement has laundry and private storage lockers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,905
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,100
$518.1K
Cap Rate 7%
$370,071
$370.1K
Cap Rate 9%
$287,833
$287.8K
Market Conditions
NOI Build-Up for 1,518 SF
Gross rent
$39.2K $25.80/SF
− Vacancy
−$2.2K −$1.42/SF
EGI
$37.0K $24.38/SF
− OpEx
−$11.1K −$7.31/SF
NOI
$25.9K $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%
$518,100
Cap Rate 7%
$370,071
Cap Rate 9%
$287,833
Alternative Uses
Best Use
Multifamily LT 5
$370.1K
$323.8K – $431.8K
NOI $25,905 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$341.1K
$298.5K – $398.0K
NOI $23,877 @ 7.0% cap · market cap 6.04%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
Explore this area
Business Placement
Demographics for 19144, PA
44,481
Population
23,583
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
12,356
Density / Sq Mi
$45,727
Median Household Income
$36,020
Median Earnings
$1,110
Median Rent
$224,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms and one full bath, with laundry and private storage in the shared basement.
Where is this duplex located?
The property is located at 620 W PARK LANE Philadelphia, PA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom; Approximately 750 square feet per residence; Attached two‑car garage; shared basement has laundry and private storage lockers
