$524,900

Property Description

INVESTOR ALERT - 24 HOURS NOTICE REQUIRED. Zoned CMX-2.5 / RM-1 - mixed-use property completed 2017, comprising two large residential units totalling 11 bedrooms and 11.5 bathrooms across 4,260 sq ft, plus a ground-floor commercial space. The only mixed-use asset in this package; the commercial lease diversifies income away from the residential cycle. Fire-sprinklered throughout, with a street-level department connection. Unit 1 - 6 bed / 6.5 bath with private patio, $2,400/month Unit 2 - 5 bed / 5 bath with private roof deck, $3,000/month Commercial - ground-floor studio, kitchenette, ADA accessible, $650/month Gross rental income of $72,600 for the 26/27 season, up from $60,300 in 25/26 - a 20.4% increase. A bathroom for every bedroom in both residential units, which is unusual in this submarket. In-unit washer and dryer in each unit. Important: the property's tax abatement expires after the 2027 tax year. The parcel is assessed at $566,500, of which approximately $113,300 is currently taxable. Taxes are $1,586 per year against approximately $7,930 at full assessment - one abated bill remains, and purchasers should underwrite a step-up of roughly $6,344 annually from 2028. All figures subject to independent verification. This property is offered individually and as part of a Temple University area package under single ownership. Package details and offering memoranda available from the listing agent.

Property Facts & Features

Property Type

Multi Family

Status

Active

Listed

Sep 7, 2026

Price per Sq Ft

$123/sqft

ZIP Code

19121

Parking

On Street

Heating

Central

Cooling

Central A/C

Construction

Masonry

Style

Contemporary

Neighborhood

North Central

County

Philadelphia

School District

The School District of Philadelphia

Features & Amenities

Location

Lat 39.97958 · Lng -75.16323