6,000 SqFt
6,000 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $237
Lot Size 2,181 Sqft
MLS Listing ID PAPH2593234
Style Traditional,Unit/Flat
Total Units 4
Short Sale No
Originating MLS BRIGHT
Property Description
Exceptional opportunity to acquire a fully stabilized, income-producing 5-unit corner property in the heart of the rapidly appreciating Olde Kensington / Fishtown corridor. Currently generating $106,917 in annual rental income with all units leased, this asset delivers immediate cash flow with significant long-term upside in one of Philadelphia's strongest rental markets.
The building was designed with modern, high-demand finishes that continue to attract strong tenant demand. Each residence features open-concept layouts, beautiful hardwood flooring, recessed lighting, oversized windows providing exceptional natural light, quartz countertops, stainless steel Frigidaire Gallery appliances, in-unit washer/dryers, and generous closet space. Select units offer private balconies, while tenants also enjoy access to a shared roof deck, creating desirable outdoor living space.
Positioned on a prime corner lot, the property benefits from excellent exposure, strong curb appeal, and sun-filled interiors throughout the building.
Located just minutes from Fishtown, Northern Liberties, and Center City, the property sits in one of the city's most vibrant neighborhoods surrounded by top restaurants, bars, coffee shops, retail, offices, and convenient public transit, making it an extremely desirable location for renters.
Unique Investment Advantage
The property is already legally established as five separate condominiums with individual tax ID numbers, offering investors a rare and valuable multiple-exit strategy. Buyers can continue operating the property as a high-performing multifamily investment or sell units individually in the future, unlocking potential additional value.
Investment Highlights
• 5 Units – Fully Occupied
• $106,893 Annual Gross Rental Income
• Corner Property with Excellent Natural Light
• Modern Construction with High-End Finishes
• Quartz Countertops & Frigidaire Gallery Appliances
• In-Unit Washer & Dryer in Every Unit
• Private Balconies + Shared Roof Deck
• Separate Condo Tax IDs for Each Unit (Rare Exit Strategy)
• Prime Location Between Fishtown, Northern Liberties & Olde Kensington
Turnkey multifamily opportunities with strong income, premium finishes, and condo flexibility in this location are increasingly rare.
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Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning CMX2
Interior
Interior Features Floor Plan - Open
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Hardwood
Fireplace N
Heat Source Natural Gas
1-purchase type For Sale
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Building
New Construction N
Foundation Slab
Lot Dimensions 65.00 x 50.00
Sewer Public Sewer
Water Public
Architectural Style Traditional, Unit/Flat
Additional Building Above Grade, Below Grade
Schools
School District The School District Of Philadelphia
Others
Tax Amount $596
Tax Year 2024
Tax ID 888181682
Ownership Fee Simple
SqFt Source 6000
Special Sale Standard
