2-Unit Duplex with Detached
For Sale
$349,000
7209 DEVON STREET, Philadelphia, PA 19119
Recent improvements, separate utilities, and immediate occupancy support efficient ownership and flexible residential use.
Property Size1,838 SF
Days on Market21
Property Features for 7209 DEVON STREET
General Information
Standard status
Active
Size
1,838 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,521
Building Details
Building Size
1,838 SF
Year Built
1955
Tenancy
Multi
Listing Agency:
Keller Williams Main Line
(215) 432-0001
Listed By:
Darryl K Miller · License #AB044338A
(215) 432-0001
Source:
Lizclarkrealestate
Added: Jul 15
Changed: Aug 3
Last Checked: Aug 3 at 4:09AM
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 Main Line
Investment Insights
Based on property information with market context.
This two-unit duplex, built in 1955, includes well-maintained living spaces with recent upgrades for immediate occupancy. Each unit has separate gas, electric, and water utilities, supporting distinct management of operating services. A detached 2-car garage adds off-street parking and storage capacity, with the basement and garage scheduled to be cleared of personal property before settlement.
The property is located in Philadelphia’s East Mt. Airy section near SEPTA Regional Rail. Transit connections extend to 30th Street Station, Suburban Station, and Jefferson Station, while nearby amenities include neighborhood boutiques, restaurants, Fairmount Park, Wissahickon Valley Park, schools, and suburban shopping destinations.
The property is located in Philadelphia’s East Mt. Airy section near SEPTA Regional Rail. Transit connections extend to 30th Street Station, Suburban Station, and Jefferson Station, while nearby amenities include neighborhood boutiques, restaurants, Fairmount Park, Wissahickon Valley Park, schools, and suburban shopping destinations.
Key Highlights
- Two‑unit duplex with recent upgrades and immediate occupancy
- Separate gas, electric, and water utilities for each unit
- Detached 2‑car garage provides off‑street parking and storage
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 | $47.4k | $25.80 |
| − Vacancy | −$2.6k | −$1.42 |
| EGI | $44.8k | $24.38 |
| − OpEx | −$13.4k | −$7.31 |
| NOI | $31.4k | $17.06 |
1,838 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$448.1K
$392.1K – $522.8K
NOI $31,365 @ 7.0% cap · market cap 8.99%
Second Best
Apartment 5plus
$413.0K
$361.4K – $481.9K
NOI $28,911 @ 7.0% cap · market cap 8.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
912
Businesses Nearby
Explore this area
Business Placement
Demographics for 19119, PA
27,265
Population
13,909
Households
2
Avg Household Size
44
Median Age
55%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
8,019
Density / Sq Mi
$81,609
Median Household Income
$54,598
Median Earnings
$1,291
Median Rent
$326,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Recent improvements, separate utilities, and immediate occupancy support efficient ownership and flexible residential use.
Where is this duplex located?
The property is located at 7209 DEVON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two‑unit duplex with recent upgrades and immediate occupancy; Separate gas, electric, and water utilities for each unit; Detached 2‑car garage provides off‑street parking and storage
