$ 219,000
-
$219,000
Price -
3
Bed -
4
Bath -
2,268
SqFt -
0.05
Acre
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About the Listing LPT2 - 3151733
Live in One, Rent the Rest: Frankford Quadruplex! Welcome to a rare multi-unit opportunity in the heart of Frankford! This three-story brick twin features four units, each offering 1 bedroom and 1 full bathroom. With two vacant units and two tenant-occupied units, this property provides flexibility for an owner-occupant or investor seeking rental income and future cash flow potential. Unit Features and Rental Information: Unit 1R is vacant and features 1 bedroom and 1 bathroom, with a proposed rent of $850/month, including gas and water. Unit 1F is also vacant and features 1 bedroom and 1 bathroom; it was previously rented for $750/month, including gas and water, before the tenant was evicted. The second-floor unit features 1 bedroom and 1 bathroom and is currently rented for $725/month, including gas and water, with a lease expiring February 28, 2027. The third-floor unit features 1 bedroom and 1 bathroom and is currently rented for $750/month, including gas and water, on a month-to-month lease. The tenant has occupied the unit since 2024. Based on the proposed and current rents, the property offers approximately $3,075 in potential monthly rental income, or $36,900 annually, assuming all four units are rented at the stated amounts. The property features one front entrance and two side entrances for convenient access, while the rear of the first-floor unit offers additional storage or potential for expansion. The fully renovated building next door highlights the potential of this corridor. Frankford keeps you connected, with the Market-Frankford Line and Frankford Transportation Center providing convenient access to Center City, along with shopping and dining along Frankford Avenue. A minimum of 24 hours' notice is required for showings of occupied units. Schedule your private showing today!
Listing Highlights for 1516 Arrott St
Status
Active
Days on Site
58
Property Type
Multi-Family
MLS ®
PAPH2661824
Year Built
1935
Total Square Footage
2,268
Lot/Acreage
0.05
County
Philadelphia
Neighborhood
Frankford
Area
19124 (19124)
School District
The School District Of Philadelphia
Interior Details
- Bedrooms: 3
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2268
- Basement: Full
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 20.00 x 100.00
- Zoning: RSA3
- Roof:
- Others: Sidewalks,Street Lights
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $2,658
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Listing Location
Questions About..
1516 Arrott St Philadelphia, PA 19124
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