$ 309,900
-
$309,900
Price -
6
Bed -
3
Bath -
2,910
SqFt
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About the Listing 61023 - 3282263
This is the correct description- The correct listing description is: Attention Investors: Turnkey, Fully Occupied Triplex! 4628 Penn Street is a fully renovated, 100% occupied triplex generating $3,225/month ($38,700/year) in gross rental income. All units have separate gas and electric utilities paid directly by the tenants, reducing owner-paid expenses. The property generated 2025 NOI of $21,208.41, representing approximately a 6.8% cap rate at the $309,900 asking price. The property also features a coin-operated washer and dryer in the basement, providing an additional income stream. Unit Breakdown: Unit 1: 2 beds, 1 bath — $1,250/month with private backyard access Unit 2: 2 beds, 1 bath — $1,150/month Unit 3: 1 bed, 1 bath — $825/month All three units are occupied under fixed-term leases. With renovations complete and tenants already in place, the next owner can acquire a stabilized, income-producing multifamily property without a major upfront renovation or initial lease-up. Offered at $309,900. Schedule your private tour today.
Listing Highlights
Status
Active
Days on Site
19
Property Type
Multi-Family
MLS ®
PAPH2665396
Year Built
1940
Total Square Footage
2,910
Lot/Acreage
0.06
County
Philadelphia
Neighborhood
Frankford
Area
19124 (19124)
School District
The School District Of Philadelphia
Interior Details
- Bedrooms: 6
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor: Fully Carpeted
- Above Ground Sq Ft: 2910
- Below Ground Sq Ft: 0
- Basement: Full,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 22X120
- Zoning: Triplex
- Roof: Flat
- Others: Good
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $3,096
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Questions About..
4628 Penn St Philadelphia, PA 19124
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