$ 225,000
-
$225,000
Price -
4
Bed -
0
Bath -
1,408
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing KELWLMML - 3339581
Welcome to 816 W Erie Ave, a value-add triplex opportunity located in the Hunting Park section of Philadelphia. This property offers immediate income with two occupied 2-bedroom units and a partially completed basement space that has the potential to be finished into a 1-bedroom unit, allowing the cap rate to increase from approximately 6.3% to 8.1%. Zoned RM-1, the building allows a triplex by right and comes with plans for continued use as a three-unit property. Additional features include separate utilities and a semi-finished lower-level unit ready for final completion. This property presents a strong investment option or owner-occupant opportunity with value-added upside. Conveniently located near public transit and local amenities, this triplex is offered as-is and provides an excellent chance to expand or begin your rental portfolio.
Listing Highlights
Status
Active With Contingency
Days on Site
9
Property Type
Multi-Family
MLS ®
PAPH2613072
Year Built
1935
Total Square Footage
1,408
Lot/Acreage
0.03
Interior Details
- Bedrooms: 4
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Baseboard - Electric
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1408
- Below Ground Sq Ft: 0
- Basement: Partially Finished
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 16.00 x 75.00
- Zoning: RM1
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $2,911
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
816 W Erie Ave Philadelphia, PA 19140
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
