$343,000

Property Description

Part of a Portfolio - $2,823,000 ($166,058.82/Unit) Cap: 5.78% 9 Units Portfolio Overview Opportunity to acquire a diversified portfolio consisting of multifamily, mixed-use, office, residential rental, and redevelopment assets located throughout West, Southwest, and North Philadelphia. The portfolio offers a combination of stable in-place cash flow along with significant value-add opportunities through lease-up, renovations, redevelopment, and operational improvements. Seller is willing to sell properties individually or as a portfolio. 1604 S 56th St: Asking Price $343,000 Property Type Duplex Financial Summary Gross Annual Income: $31,800 Annual NOI: Approximately $24,925 Cap Rate: 7.27% Highlights - Stable duplex - Strong rental location - Existing cash flow - Opportunity for future rent growth Building Notes Seller has not yet provided: Utility responsibilities Roof age Mechanical ages Water heater ages Recent renovations Building systems Deferred maintenance information

Property Facts & Features

Property Type

Multi Family

Status

Active

Listed

Aug 11, 2026

Price per Sq Ft

$181/sqft

ZIP Code

19143

Parking

On Street

Heating

Radiator

Construction

Masonry

Style

Straight Thru

Property Tax (2026)

$2,577/yr

Assessed Value

$184,100

Last Sold

$25,000 · May 27, 1986

Neighborhood

Southwest Philadelphia

County

Philadelphia

School District

The School District of Philadelphia

Estimated Value

Automated estimate. Not an appraisal.

Features & Amenities

Location

Lat 39.93852 · Lng -75.22688