UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,929 sqft
Price per Sqft $285
MLS Listing ID PAPH2477776
Style Traditional
Abv Grd Liv Area 1,929
Year Built 1915
Annual Tax Amount $3,849
Tax Year 2024
Lot Size 942 Sqft
Acres 0.02
Lot Dimensions 17.00 x 57.00
Property Sub-Type Detached
Source BRIGHT
Property Description
Duplex | 5 Beds | 4.5 Baths | 2 Units | 7.0% CAP Rate | 10-Year Tax Abatement
Fantastic investment or owner-occupant opportunity in one of Philadelphia's hottest multifamily submarkets – 19122! This newer construction duplex offers a strong pro forma 7% CAP rate with flexible floor plans and high-end finishes throughout.
Unit 1 (Lower): 3BD / 2.5BA bi-level unit with private rear yard. Projected rent: $2,100/mo
Unit 2 (Upper): 2BD / 2BA bi-level unit, leased for $1,800/mo on annual lease.
Total Pro Forma Rent: $46,800/year
Pro Forma CAP Rate: 7.0%
10-Year Tax Abatement in place.
Each unit features open-concept living, wide-plank flooring, recessed lighting, stainless steel appliances, shaker cabinetry, granite countertops, subway tile backsplash, W/D hookups, and large windows for natural light.
Located near Temple University, SEPTA Regional Rail, and major transit corridors. Ideal for commuters, students, and professionals alike.
Perfect for:
Owner-occupants (live in one, rent the other)
Investors seeking passive income
1031 Exchange buyers
Don't miss this high-yield, low-maintenance investment opportunity in a rapidly appreciating neighborhood!
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning RM1
Rooms
Basement Fully Finished
Interior
Interior Features 2nd Kitchen, Bathroom - Walk-In Shower, Breakfast Area, Dining Area, Floor Plan - Traditional, Kitchen - Island, Skylight(s), Recessed Lighting
Hot Water Electric
Heating Central
Cooling Central A/C
Flooring Luxury Vinyl Tile
Equipment Dryer, Intercom, Oven/Range - Electric, Refrigerator, Washer
Fireplace N
Appliance Dryer, Intercom, Oven/Range - Electric, Refrigerator, Washer
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 202115900
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
