Two-Unit Multifamily with
New
For Sale
$699,000
808 E PASSYUNK AVENUE, Philadelphia, PA 19147
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,616 SF
Price / SF$267.20
Days on Market7
Property Features for 808 E PASSYUNK AVENUE
General Information
Property type
Residential Multi Family
Property subtype
Townhouse
Subdivision
QUEEN VILLAGE
Standard status
Active
Size
2,616 SF
Building Details
Year built
1915
Listing Agency:
BHHS Fox & Roach At the Harper Rittenhouse Square · Berkshire Hathaway HomeServices
(215) 546-0550
Listed By:
Reid Rosenthal · License #RS226037L
(267) 626-7613
Added: Jul 24
Changed: Jul 27
Last Checked: Jul 30 at 9:06PM
MLS# PAPH2649378
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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 two-unit multifamily property is configured as two one-bedroom, one-bath residences, including a large first-floor unit and a second-floor unit above. The building will be delivered vacant, providing a clean slate for renovation, repositioning, or lease-up.
The property includes a large garage and a full unfinished basement with an egress. The layout also presents a potential third-floor addition, which could increase usable area and unit count.
Located on a corner lot at 808 E Passyunk Avenue in Philadelphia, the building offers development-ready attributes and the option to convert the structure into a single-family home by combining the existing units, while retaining the garage and basement space.
The property includes a large garage and a full unfinished basement with an egress. The layout also presents a potential third-floor addition, which could increase usable area and unit count.
Located on a corner lot at 808 E Passyunk Avenue in Philadelphia, the building offers development-ready attributes and the option to convert the structure into a single-family home by combining the existing units, while retaining the garage and basement space.
Key Highlights
- Two‑unit multifamily at 808 E Passyunk Ave built in 1915, configured as two 1‑bedroom, 1‑bath units on separate floors
- Both units will be delivered vacant, providing a clean slate for renovation or lease‑up
- Massive garage plus a full unfinished basement with egress, offering additional space for finishing
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 | $67.5k | $25.80 |
| − Vacancy | −$3.7k | −$1.42 |
| EGI | $63.8k | $24.38 |
| − OpEx | −$19.1k | −$7.31 |
| NOI | $44.6k | $17.06 |
2,616 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$637.7K
$558.0K – $744.0K
NOI $44,642 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$587.8K
$514.4K – $685.8K
NOI $41,148 @ 7.0% cap · market cap 5.89%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,030
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
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 - Two one-bedroom, one-bath units are delivered vacant, with a large garage and unfinished basement on a corner lot.
Where is this duplex located?
The property is located at 808 E PASSYUNK AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two‑unit multifamily at 808 E Passyunk Ave built in 1915, configured as two 1‑bedroom, 1‑bath units on separate floors; Both units will be delivered vacant, providing a clean slate for renovation or lease‑up; Massive garage plus a full unfinished basement with egress, offering additional space for finishing
