Brick Duplex with Rear
For Sale
Under Contract
$339,900
6623 N 2ND Street, Philadelphia, PA 19126
Multi-Family, PHILADELPHIA, PA
Property Size1,790 SF
Lot Size0.10 Acres
Price / SF$189.89
Days on Market65
Property Features for 6623 N 2ND Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
4
Parking features
Garage - Attached, Driveway
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active Under Contract
Size
1,790 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
4309
Utilities
Heating system
Other (Heating)
Cooling system
Window Unit(s)
Amenities
basement storage
yard
balcony
Building Details
Year built
1965
Number of units
2
Building materials
Masonry, Brick, Stone
Architectural style
Other
Listing Agency:
KW Greater West Chester · Keller Williams Realty
(610) 436-6500
Listed By:
Scott F Gullaksen · License #RS285055
(610) 453-9898
Added: Aug 20
Changed: Oct 21
Last Checked: Oct 23 at 4:06AM
MLS# PAPH2661636
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 1,790-square-foot brick duplex, built in 1965, contains two apartments, each with two bedrooms, one bathroom, a kitchen, dining room, and living room. The first-floor unit has hardwood floors and an updated kitchen with stainless steel appliances and gas cooking. The second apartment includes an updated kitchen and a balcony facing the front yard. Recent improvements include the roof, electrical and plumbing systems, heating, and hot water heaters.
The property occupies 0.1005 acres and includes a rear yard, basement storage lockers, an attached garage, and driveway parking. Both apartments are currently occupied on month-to-month leases.
The property occupies 0.1005 acres and includes a rear yard, basement storage lockers, an attached garage, and driveway parking. Both apartments are currently occupied on month-to-month leases.
Key Highlights
- Two apartments, each with two bedrooms and one bathroom
- 1,790 square feet on a 0.1005‑acre lot
- First‑floor apartment has hardwood floors and a kitchen with stainless steel appliances and gas cooking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,546
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,920
$610.9K
Cap Rate 7%
$436,371
$436.4K
Cap Rate 9%
$339,400
$339.4K
Market Conditions
NOI Build-Up for 1,790 SF
Gross rent
$46.2K $25.80/SF
− Vacancy
−$2.5K −$1.42/SF
EGI
$43.6K $24.38/SF
− OpEx
−$13.1K −$7.31/SF
NOI
$30.5K $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%
$610,920
Cap Rate 7%
$436,371
Cap Rate 9%
$339,400
Alternative Uses
Best Use
Multifamily LT 5
$436.4K
$381.8K – $509.1K
NOI $30,546 @ 7.0% cap · market cap 8.99%
Second Best
Apartment 5plus
$402.2K
$352.0K – $469.3K
NOI $28,156 @ 7.0% cap · market cap 8.28%
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?
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
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Business Placement
Demographics for 19126, PA
16,159
Population
7,490
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
90%
High-School Grad
1.2 sq mi
ZIP Area
13,466
Density / Sq Mi
$52,847
Median Household Income
$40,610
Median Earnings
$1,116
Median Rent
$214,300
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 - Both apartments are occupied under month-to-month leases, with separate living areas and two bedrooms each.
Where is this duplex located?
The property is located at 6623 N 2ND Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Two apartments, each with two bedrooms and one bathroom; 1,790 square feet on a 0.1005‑acre lot; First‑floor apartment has hardwood floors and a kitchen with stainless steel appliances and gas cooking
