$ 700,000
-
$700,000
Price -
3
Bed -
3
Bath -
2,496
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing KWEMPWR - 3140589,3164347
Welcome to 1132 Mount Vernon Street, a well-positioned triplex in one of Philadelphia’s most overlooked growth pockets. Located in Spring Arts/West Poplar, between the already established neighborhoods of Northern Liberties and Fairmount, this area continues to benefit from significant residential development, adaptive reuse projects and new dining and entertainment along the North Broad and Spring Garden corridors. For an investor, the numbers are compelling: $59,976 in gross annual income, with units renting for approximately $1,650 per month on average, plus additional income from the basement coin-operated washer and dryer, which generated $389 last year. Each unit is separately metered, helping simplify ownership and operating expenses, and the building features central air. Recent lead compliance work has also been completed, with approximately four years remaining before renewal, per seller. One unit is currently vacant, creating an especially attractive opportunity for an owner-occupant looking to offset their monthly housing costs with rental income from the other two apartments, while still offering a straightforward path for an investor seeking a fully income-producing three-unit property. Unit 2R also benefits from a brand-new private patio, adding valuable outdoor space for future tenants. The location is increasingly difficult to overlook. Just around the corner are neighborhood favorites including Cafe Lift, Prohibition Taproom, La Chinesca and acclaimed Italian destination Osteria. Live entertainment is close by at Union Transfer and The Met Philadelphia, while The Rail Park provides one of the neighborhood's signature outdoor attractions. The Spring Garden Broad Street Line station also puts Center City only minutes away. 1132 Mount Vernon offers the combination investors are increasingly searching for: established rental income, separate utilities, central air, additional laundry income, an owner-occupant option and a location positioned directly in the path of continued investment.
Listing Highlights
Status
Active
Days on Site
18
Property Type
Multi-Family
MLS ®
PAPH2665470
Year Built
1915
Total Square Footage
2,496
Lot/Acreage
0.03
Interior Details
- Bedrooms: 3
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2496
- Below Ground Sq Ft: 0
- Basement: Full
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 16X80
- Zoning: RSA5
- Roof: Flat
- Others: Good
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $8,123
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
1132 Mount Vernon St Philadelphia, PA 19123
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
