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Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $183
Subdivision University City
MLS Listing ID PAPH2513724
Style Straight Thru
Abv Grd Liv Area 4,200
Year Built 2024
Annual Tax Amount $657
Tax Year 2024
Lot Size 1,440 Sqft
Acres 0.03
Lot Dimensions 16.00 x 90.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Don't miss this rare opportunity to own a fully rented, high-performing triplex in one of Philadelphia's strongest rental corridors, just a short walk from Drexel University and the University of Pennsylvania. With strong in-place rental demand, a highly desirable unit mix, and the benefit of a tax abatement, this property checks the boxes investors are always looking for: cash flow, location, condition, and long-term upside.
This well-appointed triplex features three luxury, condo-style apartments with spacious layouts, modern finishes, rustic flooring, stainless steel appliances, generous bedroom sizes, and thoughtful design throughout. Unit 1 offers 3 bedrooms and 3 bathrooms with a private rear patio, giving tenants valuable outdoor space. Units 2 and 3 each feature 2 bedrooms and 2 bathrooms, with Unit 3 enjoying exclusive access to a private rooftop deck.
Each apartment includes an open-concept living area, upgraded kitchen, large bedrooms, ample closet space, en-suite bathrooms, in-unit washer and dryer, dedicated gas furnace, dedicated water heater, and separately metered gas and electric. That setup is exactly what investors want to see because it keeps operations clean and utility responsibility straightforward.
Ideally positioned for Drexel students, Penn students, medical professionals, university staff, and hospital employees, the property sits near Penn Presbyterian Hospital with convenient access to public transportation, Lancaster Avenue, cafes, restaurants, bars, boutiques, and neighborhood amenities. Fully rented with established tenants and located in a high-demand rental market, this is a strong opportunity for investors seeking a turnkey triplex with cash flow, tax advantages, and long-term rental strength.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RSA5
Rooms
Basement Fully Finished
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Above Ground Finished SqFt 4200
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 243014800
Ownership Fee Simple
SqFt Source 4200
Special Listing Condition Standard
Nearby Locations
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Jennifer Watson
Home Buyer and Seller Specialist | License ID: 0225208936
Home Buyer and Seller Specialist License ID: 0225208936