UPDATED:
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $305
MLS Listing ID PAPH2550262
Style Traditional
Abv Grd Liv Area 1,800
Year Built 1915
Available Date 2025-10-23
Annual Tax Amount $2,910
Tax Year 2025
Lot Size 1,307 Sqft
Acres 0.03
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Discover this cash-flowing 4-unit multifamily building on the iconic “2 Street” in Pennsport, one of South Philadelphia's most desirable and fastest-growing neighborhoods.
Property Highlights:
💰 Legal Quadplex – Zoned for 4 units, with 4 active rental licenses in hand
🛠️ Value-Add Upside – Currently configured as 5 units (2 fully renovated, 2 with long-term month-to-month tenants paying below-market rents)
🚪 Bonus 5th Unit – Endless potential!
Option 1: Use as management office, tenant laundry, or storage space
Option 2: Combine 2 units to create a larger premium rental within quadplex zoning
At just $137,000 per unit, this property is well below replacement cost and offers significant upside through renovations and rent increases. Once fully updated, this building easily supports a projected value north of $800,000+.
Perfect for both buy-and-hold investors and value-add multifamily operators, this is a rare chance to own a stabilized asset in one of Philadelphia's most vibrant neighborhoods—steps from restaurants, shops, parks, and public transit.
✅ The numbers work.
✅ Prime location.
✅ Tons of upside.
Bring your offers and start building wealth today!
Location
State PA
County Philadelphia
Area 19147 (19147)
Zoning RSA5
Interior
Hot Water Natural Gas
Heating Heat Pump(s)
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Above Ground Finished SqFt 1800
Sewer Public Sewer
Water Cistern
Architectural Style Traditional
Additional Building Above Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871500950
Ownership Fee Simple
SqFt Source 1800
Special Listing Condition Standard
