INVESTOR ALERT — 24 HOURS NOTICE REQUIRED. Zoned CMX-2.5 / RM-1 — mixed-use property completed 2017, comprising two large residential units totalling 11 bedrooms and 11.5 bathrooms across 4,260 sq ft, plus a ground-floor commercial space. The only mixed-use asset in this package; the commercial lease diversifies income away from the residential cycle. Fire-sprinklered throughout, with a street-level department connection.
Unit 1 — 6 bed / 6.5 bath with private patio, $2,400/month
Unit 2 — 5 bed / 5 bath with private roof deck, $3,000/month
Commercial — ground-floor studio, kitchenette, ADA accessible, $650/month
Gross rental income of $72,600 for the 26/27 season, up from $60,300 in 25/26 — a 20.4% increase. A bathroom for every bedroom in both residential units, which is unusual in this submarket. In-unit washer and dryer in each unit.
Important: the property's tax abatement expires after the 2027 tax year. The parcel is assessed at $566,500, of which approximately $113,300 is currently taxable. Taxes are $1,586 per year against approximately $7,930 at full assessment — one abated bill remains, and purchasers should underwrite a step-up of roughly $6,344 annually from 2028. All figures subject to independent verification.
This property is offered individually and as part of a Temple University area package under single ownership. Package details and offering memoranda available from the listing agent.
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Listing Snapshot
Price
$524,900
Days On Site
5 Days
Bedrooms
N/A
Inside Area (SqFt)
4,260 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.03 Acres
Year Built
2017
MLS® Number
PAPH2668032
Status
Active
Property Tax
$1,167
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
5 days ago
Listing first seen on site
5 days ago
Listing updated with changes from the MLS®
General Features
Acres
0.03
Foundation
Brick/Mortar
Parking
On Street
Property Condition
New Construction
Property Sub Type
Townhouse
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
4260
SqFt Total
4260
Style
Contemporary
Water Source
Public
Zoning
CMX25
Interior Features
Appliances
Electric Water Heater
Basement
Finished
Cooling
Central AirElectric
Furnished
Unfurnished
Heating
ElectricCentral
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Exterior Features
Pool Features
None
Community Features
MLS Area
19121 (19121)
School District
PHILADELPHIA CITY
Schools
School District
PHILADELPHIA CITY
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of BHHS Fox & Roach-Center City Walnut