Description
Exceptional 4-unit income property in the heart of the art museum area!
incredible opportunity to own a rent-ready, cash-flowing multi-family building in one of philadelphia’s most desirable neighborhoods—fairmount/spring garden. this well-maintained 4-unit property features three spacious 2-bedroom, 2-bath units and one 1-bedroom, 1-bath unit. ideal for investors or owner-occupants seeking immediate income and long-term value.
three units are tenant-occupied, generating $56,760 in gross rent in 2024, with strong rental upside—rents have not been raised in 3 years. the owner-occupied 2-bedroom/2-bath unit has rental potential of $2,200–$2,400/month, pushing projected annual income to over $83,000.
property highlights:
turnkey condition—fully rent-ready and move-in ready
three new a/c units installed in the last 3 years
two units with private roof decks offering skyline views
one unit with private backyard patio
every unit has washer/dryer, dishwasher, fireplace
immediate cash flow with future growth potential
perfect blend of income-producing and lifestyle location
located in the vibrant art museum area with easy access to kelly drive, i-76, center city, and public transit. a rare find in a high-demand rental market—whether you're building your portfolio or looking to live in one unit while renting the others, this is a must-see.
Property Type
Multi-FamilyCounty
PHILADELPHIAStyle
Converted DwellingAD ID
49564353
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
Interior Features
- Exterior Property Features : Exterior Lighting,Roof Deck
Heating & Cooling
- Cooling: Central A/C
- Heating: Heat Pump - Electric BackUp
- Cooling Fuel: Electric
- Heating Fuel: Electric
-
Exterior Features
Building Information
- Exterior Features: Exterior Lighting,Roof Deck
- Year Built: 1920
- Structure: Interior Row/Townhouse
- Fireplace: 4
- New Construction: No
- Total Units: 4
- Built: 1920
- Construction Material: Masonry
- Foundation/Basement: Brick/Mortar
- Architecture: Converted Dwelling
- Pool/Private: No Pool
Pool Information
- Pool: No Pool
Utility Features
- Sewer: Public Sewer
Water
- Water Heat: Electric
-
Property / Lot Details
Lot Information
- Lot Size: 1,615
- Dimensions: 17.00 x 95.00
- Lot Size (Acres): 0.04
- Architectural Style: Converted Dwelling
- Main Square Feet: 1,615
Property Information
- SQ ft: 2,397
- SQ ft (Living Area): 2,397
- Total Lot SQ ft: 1,615
- Financing: Cash,Conventional,VA
- Appx. Lot Dimensions: 17.00 x 95.00
- Total Acreage: 0.04
- New Construction: No
- Type: Converted Dwelling
-
Listing Information
Listing Information
- Possession: Immediate,Seller Rent Back,Subject to Existing Lease
- Days Of Market: 1
-
Taxes / Assessments
Tax Information
- Annual Tax: $10,247
- Tax Year: 2024
- Total Taxes Payment Frequency: Annually
Possession
- Immediate,Seller Rent Back,Subject to Existing Lease
Assessment Information
- Taxes Assessment Amount: $732,100
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Parking Type: On Street
Multi-Unit Information
- Acceptable Financing: Cash,Conventional,VA
Homeowners Association Information
- Direction: Spring Garden Exit of I-76
-
School, Utilities & Location Details
School Information
- School District: PHILADELPHIA CITY
Fire Place Information
- Total Fire Place: 4
Utility Information
- Water Source: Public
- Sewer: Public Sewer
- Cooling Fuel: Electric
- Heating Fuel: Electric
- Hot Water: Electric
Location Information
- Direction: Spring Garden Exit of I-76
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BuyOwner last updated this listing 05/05/2025 @ 03:53
- MLS: PAPH2476616
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: BRIGHT MLS
is a Other, with 0 bedrooms which is recently sold, it has 2,397 sqft, 1,615 sized lot, and 0 parking. are nearby neighborhoods.