Description
Rare investment opportunity in the graduate neighborhood! this legal quadplex with a garage and parking offers significant potential for owner-occupants and investors alike, with options for rental income, value-add improvements, or condo conversion. the property underwent a complete gut rehab in 1989 with modernized building systems and is situated on a street-to-street lot offering garage space and parking for two compact cars. located steps from public transit and center city amenities, the property boasts a walk score of 95, transit score of 97, and bike score of 87. each unit features separate utilities (tenants pay except for water), central air and heat, dishwasher, garbage disposal, refrigerator, intercom, and recessed lighting. on-site coin-operated laundry generates additional revenue. the building consists of unit 1: a 1-bedroom, 1-bath bilevel with a jetted tub and separate standup shower; unit 2f and unit 2r: studio apartments; and unit 3: a 2-bedroom, 1-bath with wood and tile floors, large skylights, and all-new windows on the third floor. with a 99% occupancy rate over 24 years, this tenant-occupied property provides immediate income for the buyer. the garage/workshop is currently vacant, offering additional income potential. current rents are below market value, presenting opportunities for rental increases and added property value. this is a true value-add opportunity with significant upside potential. the property is located near rittenhouse square, center city business and retail districts, and south street, with grocery stores, restaurants, and the marian anderson recreation center (featuring a public pool) all within walking distance. this quadplex qualifies for fannie mae/freddie mac’s new 5% down owner-occupied multifamily program and offers strong appreciation and rental growth potential. whether you are looking to expand your portfolio, secure a cash-flowing asset, or explore condo conversion possibilities, this property has it all. being sold as-is. proof of funds or pre-approval required before scheduling showings. owner is a licensed pa salesperson.
Property Type
Multi-FamilyCounty
PHILADELPHIAStyle
OtherAD ID
48389060
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Property Details
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Interior Features
Water/Sewer
- Water Source : Public
Interior Features
- Bathroom - Jetted Tub,Bathroom - Stall Shower,Bathroom - Tub Shower,Breakfast Area,Carpet,Intercom,Skylight(s),Studio,Wood Floors,Other
- Roof : Flat
- Exterior Property Features : Sidewalks,Exterior Lighting
- Basement Description: Front Entrance,Full,Garage Access,Partially Finished,Workshop,Poured Concrete
- Property Appliances: Dishwasher,Disposal,Dryer,Intercom,Oven/Range - Gas,Refrigerator,Washer,Water Heater
Roofing Information
- Flat
Heating & Cooling
- Cooling: Central A/C
- Heating: Forced Air
- Cooling Fuel: Electric
- Heating Fuel: Natural Gas
Window Information
- Window Treatments: Double Hung,Skylights
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Exterior Features
Building Information
- Exterior Features: Sidewalks,Exterior Lighting
- Year Built: 1915
- Structure: Interior Row/Townhouse
- Major Appliances: Dishwasher,Disposal,Dryer,Intercom,Oven/Range - Gas,Refrigerator,Washer,Water Heater
- New Construction: No
- Total Units: 4
- Built: 1915
- Construction Material: Masonry
- Security System: Carbon Monoxide Detector(s),Fire Detection System,Intercom,Smoke Detector
- Roof: Flat
- Foundation/Basement: Stone
- Architecture: Other
- Pool/Private: No Pool
- Roof Type: Flat
Pool Information
- Pool: No Pool
Utility Features
- Sewer: Public Sewer
Water
- Water Heat: Electric
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Property / Lot Details
Lot Information
- Lot Size: 1,120
- Dimensions: 16.00 x 70.00
- Lot Size (Acres): 0.03
- Architectural Style: Other
- Main Square Feet: 1,120
Property Information
- SQ ft: 3,507
- SQ ft (Living Area): 2,832
- Total Lot SQ ft: 1,120
- View: City
- Financing: Conventional,Cash,FHA
- Appx. Lot Dimensions: 16.00 x 70.00
- Total Acreage: 0.03
- New Construction: No
- Type: Other
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Listing Information
Listing Information
- Possession: Immediate
- Days Of Market: 0
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Taxes / Assessments
Tax Information
- Annual Tax: $10,501
- Tax Year: 2025
- Total Taxes Payment Frequency: Annually
Possession
- Immediate
Assessment Information
- Taxes Assessment Amount: $750,200
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Virtual Tour
Parking Information
- Parking Features: Concrete Driveway
- Garage: 1
- Garage Type: Inside Access,Garage Door Opener,Garage - Rear Entry,Additional Storage Area
- Parking Type: Attached Garage,Driveway,On Street
Multi-Unit Information
- Acceptable Financing: Conventional,Cash,FHA
- Roof: Flat
Homeowners Association Information
- Direction: Near the corner of S. 16th Street and Fitzwater Street
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School, Utilities & Location Details
School Information
- School District: PHILADELPHIA CITY
Utility Information
- Water Source: Public
- Sewer: Public Sewer
- Cooling Fuel: Electric
- Heating Fuel: Natural Gas
- Hot Water: Electric
Location Information
- Location Type: Urban
- Direction: Near the corner of S. 16th Street and Fitzwater Street
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BuyOwner last updated this listing 01/29/2025 @ 13:25
- MLS: PAPH2435874
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: BRIGHT MLS
is a Other, with 0 bedrooms which is recently sold, it has 2,610 sqft, 1,120 sized lot, and 1 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of PHILADELPHIA , in zip code 19146, this PHILADELPHIA County Other and are nearby neighborhoods.