$138,000

Property Description

TWO VACANT UNITS. ONE GREAT OPPORTUNITY. PRICED TO SELL! Looking for an investment property in West Philadelphia with income potential and flexibility? **245 N Ruby Street** deserves a closer look! This two-unit property, updated in 2020, offers an opportunity to generate rental income, live in one unit while renting the other, or expand your real estate portfolio. Both units are VACANT giving the next owner the flexibility to put their plans into action without existing tenants. The property features two separate living units: - Unit 1: 1 bedroom, 1 bathroom - Unit 2: 2 bedrooms, 1 bathroom Based on current market estimates, Unit 1 could potentially rent for $950-$100 per month, while Unit 2 could bring in $1,200-$1,450 per month. That's a combined potential rental income of approximately $2,150-$2,550 per month**, subject to market conditions. IMPORTANT ZONING INFORMATION: The property is zoned RSA-5, with historical L&I records and prior two-unit rental licensing supporting an established/grandfathered two-family use. Buyers are responsible for independently verifying permitted use, zoning status, and rental licensing with the City of Philadelphia. Eligible buyers may also qualify for down payment assistance programs, subject to program requirements and lender approval. THIS PROPERTY IS A SHORT SALE AND IS PRICED TO SELL! Sale is subject to applicable short-sale approval requirements. Buyer is responsible for all transfer taxes. Two vacant units, flexible ownership options, and rental income potential make this a property worth exploring. **Schedule your private showing today and see the possibilities at 245 N Ruby Street!**

Property Facts & Features

Property Type

Multi Family

Status

Active

Listed

Apr 7, 2026

Price per Sq Ft

$121/sqft

ZIP Code

19139

Parking

On Street

Heating

Baseboard Electric

Construction

Masonry

Property Tax (2026)

$1,041/yr

Assessed Value

$74,400

Last Sold

$42,000 · Oct 21, 2019

Neighborhood

Haddington

County

Philadelphia

School District

The School District of Philadelphia

Features & Amenities

Location

Lat 39.96449 · Lng -75.22706