$ 179,900
-
$179,900
Price -
3
Bed -
5
Bath -
2,635
SqFt -
0.06
Acre
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About the Listing LUXERELLC1 - 3185708
Investor Opportunity with Significant Value-Add Potential! This property presents a unique opportunity for an experienced investor looking to reposition and maximize a multi-family asset. Currently configured as 5 units, the property previously generated approximately $3,600 per month when fully occupied, with potential for increased rental income through improvements and optimization. The property was previously a legal triplex and formerly carried RM-1 zoning; however, it is currently zoned RSA-3 (single-family). The seller has already initiated the zoning process and was advised that pursuing approval for 4 units may be the most straightforward path. Buyer will be responsible for completing the zoning process and independently verifying permitted use. The surrounding block includes numerous multifamily properties, providing additional context for the property's potential. For investors considering the upside, legal triplex properties have sold in the area for approximately $270,000, offering a useful reference point when evaluating the potential value and equity opportunity associated with successfully restoring a legal multifamily use. The property currently has one paying tenant at $800/month. Each unit has a separate water heater, while the building currently operates from one shared house heating system. An investor may consider converting to individual mini-split systems, electric baseboard heat, or another separately controlled system as part of the property's renovation and repositioning. This is an opportunity for an investor who understands the zoning and value-add process to acquire a property with an existing five-unit configuration, prior legal multi-family history, established rental-income potential, and multiple avenues for repositioning. Property is being sold in its current condition. Buyer is responsible for all zoning, use, licensing, and due-diligence verification.
Listing Highlights for 6813 Woodland Ave
Status
Active
Days on Site
41
Property Type
Residential
MLS ®
PAPH2673478
Year Built
1920
Total Square Footage
2,635
Lot/Acreage
0.06
County
Philadelphia
Neighborhood
Philadelphia (Southwest)
Area
19142 (19142)
School District
The School District Of Philadelphia
Interior Details
- Bedrooms: 3
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating: Radiator
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2635
- Basement: Full,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 23X120
- Zoning: Previously zoned RM-1; Seller initiated the zoning process; advised pursuing 4-unit approval is the most straight-forward path.
- Roof: Flat
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $3,733
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Listing Location
Questions About..
6813 Woodland Ave Philadelphia, PA 19142
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