Duplex with Private
709 RED LION Road Philadelphia, PA 19115
709 RED LION Road, Philadelphia, PA, 19115
$429,000
For Sale
Under Contract
$429,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,846 SF
Lot Size0.07 Acres
Price / SF$232.39
Days on Market49
Property Features for 709 RED LION Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway
- Standard status
- Active Under Contract
- Size
- 1,846 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5410
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1966
- Number of units
- 2
- Building materials
- Masonry
Listing agency
Heyer-Kemner Inc
(215) 673-8100
Listed by
John F Wogan · License #RM060356A
(215) 673-8100
Added: Jun 3 Updated: Jun 9 at 12:28PM Checked: Jul 21 at 8:06AM
MLS# PAPH2622970
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.
Investment Insights
Based on property information with market context.
This duplex is offered in nice condition and configured for two separate living units, each with its own private entrance. Both sides include private laundry rooms, and the property benefits from new circuit breaker panels for each floor. Updates include a remodeled two-bathroom completed in July 2025, adding to the overall move-in readiness and unit functionality.
The home features off-street parking in front and a rear yard, providing practical outdoor space for tenants. It is also described as very convenient to shopping and transportation, supporting everyday access to local amenities.
For buyers seeking a residential income property, the layout supports tenant separation through dedicated entrances and in-unit laundry. The seller also notes good tenants on both floors, which can be helpful for continuity of occupancy. With recent interior improvements and electrical panel replacements already completed for both floors, the property presents a straightforward option for owners looking for a manageable multifamily setup.
The home features off-street parking in front and a rear yard, providing practical outdoor space for tenants. It is also described as very convenient to shopping and transportation, supporting everyday access to local amenities.
For buyers seeking a residential income property, the layout supports tenant separation through dedicated entrances and in-unit laundry. The seller also notes good tenants on both floors, which can be helpful for continuity of occupancy. With recent interior improvements and electrical panel replacements already completed for both floors, the property presents a straightforward option for owners looking for a manageable multifamily setup.
Key Highlights
- Masonry construction and forced‑air heating; year built 1966
- 2f bathroom remodeled July 2025
- New circuit breaker panels installed for both floors
Local Financial Insights For Multifamily LT 5
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 | $47.6k | $25.80 |
| − Vacancy | −$2.6k | −$1.42 |
| EGI | $45.0k | $24.38 |
| − OpEx | −$13.5k | −$7.31 |
| NOI | $31.5k | $17.06 |
1,846 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$450.0K
$393.8K – $525.0K
NOI $31,502 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$414.8K
$363.0K – $484.0K
NOI $29,037 @ 7.0% cap · market cap 6.77%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-kept duplex offering private entrances, private laundry, off-street parking, and recently updated bathrooms.
Where is this duplex located?
The property is located at 709 RED LION Road Philadelphia, PA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Masonry construction and forced‑air heating; year built 1966; 2f bathroom remodeled July 2025; New circuit breaker panels installed for both floors
