UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 7,380 sqft
Price per Sqft $162
Subdivision None Available
MLS Listing ID PAPH2522100
Year Built 1905
Annual Tax Amount $5,193
Tax Year 2024
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 99.00 x 115.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
In addition to consistent in-place income, the property sits on an oversized 11,309
SF lot that offers potential for subdivision and new construction of an additional
single-family home or duplex (buyer to verify). With minimal capital needs, strong
tenant demand, and long-term upside through land value, this is a compelling
opportunity in one of Philadelphia's most active submarkets. With in-place monthly income of $9,344 and minimal operating expenses, the asset delivers a CAP rate of 6.95% and projected Year 1 return of 8.53%. The current ownership has maintained high occupancy and minimal turnover, positioning the
asset as a plug-and-play opportunity for both private and institutional investors.
Importantly, the property features no immediate capital needs, preserving investor
yield and eliminating operational friction. Located within walking distance of SEPTA transit, Germantown Avenue retail, and other lifestyle amenities, the site benefits from excellent connectivity and
neighborhood demand drivers. We welcome inquiries from investors seeking stabilized, cash-flowing real estate in one of Philadelphia's most dynamic rental corridors.
Location
State PA
County Philadelphia
Area 19138 (19138)
Zoning RSA3
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Ceiling Fan(s), Wall Unit
Flooring Wood
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Water Access N
Accessibility Level Entry - Main
Total Parking Spaces 2
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881212670
Ownership Fee Simple
SqFt Source Assessor
Security Features Main Entrance Lock
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "
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