UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,592 sqft
Price per Sqft $231
Subdivision Olde Kensington
MLS Listing ID PAPH2639684
Style Traditional
Abv Grd Liv Area 2,592
Year Built 1925
Annual Tax Amount $3,002
Tax Year 2026
Lot Size 1,307 Sqft
Acres 0.03
Lot Dimensions 16x72
Property Sub-Type Quadruplex
Source BRIGHT
Property Description
The property currently generates $4,825/month ($57,900/year), with low operating expenses and exceptionally low annual taxes of just $3,002 (2026).
Originally purchased from an owner-occupant with a rental license for one rental unit over retail space, the property has since undergone a significant legal conversion and improvement process. The building was formally and legally converted to three residential units over one retail space to reflect the accurate configuration of the property. The permitting and inspection process was managed through the Philadelphia Bureau of Building Standards.
The building had previously been refreshed in 2019, including updated kitchens, bathrooms and flooring. Most recently, 2026 updates include a brand new asphalt roof, hot water heater, washer/dryer, and 6 new windows. This fully leased property offers a rare combination of income-producing use, updated condition, documented compliance work, and the possibility of long-term upside in one of Philadelphia's most active growth corridors.
Surrounded by continued development, new construction, restaurants, popular retail, and a short walk to public transportation (the Berks Street El stop is only a few blocks east!) - it is an investors dream. With its updated licensing, Certificate of Occupancy, and desirable mixed-use configuration, this is a compelling opportunity for buyers seeking both current cash flow and future appreciation.
Buyer is responsible for independently verifying lot size, taxes, zoning, permitted uses, rental licensing, Certificate of Occupancy, and any egress/ingress requirements. Current licensing documents and rent roll available for review upon request by qualified buyers. Photos shown are of unit 1 (the smallest studio layout in building). All residential units have similar level of finishes and are all studios.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning CMX2.5
Rooms
Basement Poured Concrete
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Window Unit(s)
Heat Source Electric
Laundry Common, Main Floor
Exterior
Water Access N
Roof Type Asphalt
Accessibility None
Garage N
Building
Above Ground Finished SqFt 2592
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 871099450
Ownership Fee Simple
SqFt Source 2592
Special Listing Condition Standard
Nearby School & Business
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