Exceptional Investment Opportunity – Four-Unit Mixed-Use Property | $65,400 Gross Potential Annual Rent!
Investors, take notice! This four-unit mixed-use property at 1801 W Ontario St, Philadelphia, PA 19140, offers $5,450 in potential monthly gross rental income, totaling $65,400 annually. Featuring three residential apartments and an established neighborhood grocery store, this property provides diversified income streams and an attractive opportunity to expand your investment portfolio.
The property has benefited from recent upgrades to the siding, roofing, electrical, and plumbing systems, making this a compelling opportunity for investors seeking a well-maintained income-producing asset.
Three Residential Apartments:
Unit 1 – 2 Bedrooms, 1 Bathroom: Newly renovated and vacant, with anticipated rental income of $1,200 per month. Features central air conditioning and heat, a new kitchen with stainless steel appliances, an updated ceramic tile bathroom with a large stall shower, and access to a full, unfinished basement.
Unit 2 – 2 Bedrooms, 1 Bathroom: Currently rented for $1,300 per month. Features a new kitchen with stainless steel appliances and forced-air heating.
Unit 3 – 1 Bedroom, 1 Bathroom: Currently rented for $1,000 per month. Features a new kitchen with stainless steel appliances and a new ceramic tile bathroom.
All three residential units feature the convenience of in-unit laundry.
Established Commercial Tenant:
The fourth unit is a rear storefront grocery store that has served the surrounding community for more than 15 years. Currently rented for $1,950 per month, this established commercial tenancy adds a valuable income stream and diversifies the property's rental profile.
Gross Potential Rental Income Breakdown:
Unit 1: $1,200/month anticipated
Unit 2: $1,300/month
Unit 3: $1,000/month
Commercial storefront: $1,950/month
TOTAL GROSS POTENTIAL RENT: $5,450 PER MONTH | $65,400 PER YEAR
With three residential units, a long-established commercial tenant, updated major building systems, and strong gross income potential, this versatile mixed-use property is an excellent opportunity for investors looking to generate rental income from multiple sources.
Add this income-producing Philadelphia property to your portfolio today!
Save
Ask
Tour
Hide
Share
Listing Snapshot
Price
$699,900
Days On Site
15 Days
Bedrooms
5
Inside Area (SqFt)
4,640 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.06 Acres
Year Built
1939
MLS Number
PAPH2685642
Status
Active
Property Tax
$3,051
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
Friends & Family
React
Invite
Recent Activity
2 weeks ago
Listing updated with changes from the MLS
2 weeks ago
Listing first seen on site
General Features
Acres
0.06
Cross Street
18th St
Foundation
Stone
Number Of Stories
3
Parking
On Street
Property Sub Type
Quadruplex
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
4640
SqFt Total
4640
Style
Converted Dwelling
Utilities
Cable AvailableNatural Gas AvailableSewer AvailableWater AvailableElectricity Available
Water Source
Public
Zoning
RSA3
Interior Features
Appliances
Electric Water HeaterGas Water HeaterWasherDryer
Basement
DaylightPartial
Cooling
Central AirCeiling Fan(s)Electric
Electric
100 Amp Service
Flooring
Ceramic TileVinyl
Heating
ElectricNatural GasForced AirBaseboard
Save
Ask
Tour
Hide
Share
Exterior Features
Construction Details
BrickVinyl Siding
Pool Features
None
Roof
FlatShingle
Community Features
MLS Area
19140 (19140)
School District
THE SCHOOL DISTRICT OF PHILADELPHIA
Schools
School District
THE SCHOOL DISTRICT OF PHILADELPHIA
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Liberty Bell Real Estate Brokerage LLC