Remodeled Duplex with Private
709 Red Lion Road Philadelphia, PA 19116
709 Red Lion Road, Philadelphia, PA, 19116
$429,000
Pending
For Sale
$429,000
Pending
Remodeled duplex features private entrances, private laundry, and off-street parking with a rear yard.
Property Size1,846 SF
Days on Market51
Property Features for 709 Red Lion Road
General Information
- Standard status
- Pending
- Size
- 1,846 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1966
Listing agency
Heyer-Kemner Inc
(215) 673-8100
Listed by
John F Wogan · License #RM060356A
(215) 673-8100
Source
Compass
Added: Jun 2 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 6:56AM
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 Heyer-Kemner Inc
Investment Insights
Based on property information with market context.
This duplex is in nice condition and includes private entrances for each unit, along with private laundry rooms. Both floors have been updated with new circuit breaker panels. A two-fixture bathroom was remodeled in July 2025, providing a more current finish within the property.
The building offers off-street parking in front and a rear yard. The property is described as very convenient to shopping and transportation, supporting day-to-day access for occupants.
For buyers seeking a straightforward residential income property, the unit separation and private laundry setup are practical features that can improve tenant convenience and day-to-day livability. The listing also notes that the current tenants are in place and in good standing, which may appeal to owner-occupants or investors looking for a managed, ready-to-rent setup.
The building offers off-street parking in front and a rear yard. The property is described as very convenient to shopping and transportation, supporting day-to-day access for occupants.
For buyers seeking a straightforward residential income property, the unit separation and private laundry setup are practical features that can improve tenant convenience and day-to-day livability. The listing also notes that the current tenants are in place and in good standing, which may appeal to owner-occupants or investors looking for a managed, ready-to-rent setup.
Key Highlights
- Remodeled duplex built in 1966 with private entrances for tenants
- 2 full bathrooms remodeled in July 2025
- Private laundry rooms for each unit
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 - Remodeled duplex features private entrances, private laundry, and off-street parking with a rear yard.
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: Remodeled duplex built in 1966 with private entrances for tenants; 2 full bathrooms remodeled in July 2025; Private laundry rooms for each unit
