$ 795,000
-
$795,000
Price -
2,211
SqFt -
0.03
Acre
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About the Listing KWEMPWR - 3167203,3361434
Excellent investment opportunity in the heart of East Passyunk! Located at 1518 E. Passyunk Avenue, this updated, fully leased multi-family property offers multiple residential units in one of South Philadelphia's most desirable and vibrant neighborhoods. The property presents one-bedroom apartments, with updated kitchens featuring white cabinetry, modern bathrooms with subway tile, stainless-steel appliances and durable vinyl plank flooring. The building also includes a full basement with a utility area, tenant storage closets, and separate coin-operated laundry facilities. The property is fully leased, currently generating approximately $72,105 in annual rental income, plus additional laundry income, and almost immediate potential to increase rents. Ideally situated just steps from the iconic Passyunk Square fountain, Black & Brew, and the many popular restaurants, cafés, boutiques, and neighborhood attractions along East Passyunk Avenue. This highly walkable location offers convenient access to public transportation, Center City, and surrounding neighborhoods. Whether you're looking to expand your investment portfolio or acquire an income-producing property in a sought-after rental location, this property presents an excellent opportunity to invest in the continued appeal and growth of East Passyunk. Schedule your showing today!
Listing Highlights for 1518 E Passyunk Ave
Status
Active
Days on Site
2
Property Type
Commercial Sale
MLS ®
PAPH2687324
Year Built
1920
Total Square Footage
2,211
Lot/Acreage
0.03
County
Philadelphia
Neighborhood
Passyunk Square
Area
19147 (19147)
School District
The School District Of Philadelphia
Interior Details
- Appliances:
- Air Cond:
- Heating: Baseboard - Hot Water
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Zoning: CMX2.5
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $9,030
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Listing Location
Questions About..
1518 E Passyunk Ave Philadelphia, PA 19147
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