$ 550,000
-
$550,000
Price -
1
Bed - Bath
-
1,800
SqFt
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About the Listing BLUESQ - 3152643
Rarely Offered Pennsport Quadplex – Cash Flow + Value-Add Opportunity! 🔥 Discover this cash-flowing 4-unit multifamily building on the iconic “2 Street” in Pennsport, one of South Philadelphia’s most desirable and fastest-growing neighborhoods. Property Highlights: 💰 Legal Quadplex – Zoned for 4 units, with 4 active rental licenses in hand 🛠️ Value-Add Upside – Currently configured as 5 units (2 fully renovated, 2 with long-term month-to-month tenants paying below-market rents) 🚪 Bonus 5th Unit – Endless potential! Option 1: Use as management office, tenant laundry, or storage space Option 2: Combine 2 units to create a larger premium rental within quadplex zoning At just $137,000 per unit, this property is well below replacement cost and offers significant upside through renovations and rent increases. Once fully updated, this building easily supports a projected value north of $800,000+. Perfect for both buy-and-hold investors and value-add multifamily operators, this is a rare chance to own a stabilized asset in one of Philadelphia’s most vibrant neighborhoods—steps from restaurants, shops, parks, and public transit. ✅ The numbers work. ✅ Prime location. ✅ Tons of upside. Bring your offers and start building wealth today!
Listing Highlights for 1532 S 2nd St
Status
Active
Days on Site
11
Property Type
Multi-Family
MLS ®
PAPH2550262
Year Built
1915
Total Square Footage
1,800
Lot/Acreage
0.03
Interior Details
- Bedrooms: 1
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating: Heat Pump(s)
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1800
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Cistern
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Zoning: RSA5
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $2,910
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
1532 S 2nd St Philadelphia, PA 19147
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