$ 289,900
-
$289,900
Price -
4
Bed -
3
Bath -
2,188
SqFt -
0.09
Acre
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About the Listing 61023 - 3282263
FULLY OCCUPIED TRIPLEX | 10.5% CAP RATE | $2,900/MO INCOME | $289,900 Attention Investors: Turnkey, Fully Occupied Income Property! 1221 Lindley Street is a fully renovated, 100% occupied triplex generating $2,900/month ($34,800/year) in gross rental income. With 2025 NOI of $30,555.36, this stabilized asset delivers an impressive 10.5% cap rate at the $289,900 asking price. A major advantage for the next owner: all units are separately metered for gas and electric, with those utilities paid directly by the tenants. The property also features a landlord-paid master water meter and a coin-operated washer and dryer in the basement, providing an additional income stream. Unit Breakdown: Unit 1: 2 beds, 1 bath — $1,050/month Unit 2: 1 bed, 1 bath — $1,025/month Unit 3: 1 bed, 1 bath — $825/month With renovations complete and tenants already in place, the next owner can acquire a stabilized, cash-flowing multifamily property without a major upfront renovation or initial lease-up. Offered at $289,900. Schedule your private showing today.
Listing Highlights for 1221 Lindley Ave
Status
Active With Contingency
Days on Site
50
Property Type
Multi-Family
MLS ®
PAPH2671662
Year Built
1935
Total Square Footage
2,188
Lot/Acreage
0.09
County
Philadelphia
Neighborhood
Logan
Area
19141 (19141)
School District
The School District Of Philadelphia
Interior Details
- Bedrooms: 4
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating: 90% Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2188
- Basement: Full
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 49X80
- Zoning: RM1
- Roof:
- Others: Good
- Sewer: Public Sewer
Financial Details
- Tax Amount: $4,463
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Listing Location
Questions About..
1221 Lindley Ave Philadelphia, PA 19141
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