Property
Beds
6
Full Baths
None
1/2 Baths
None
Year Built
1939
Sq.Footage
3,216
Move-in-ready quadruplex in highly desirable East Falls with three off-street parking spaces - an ideal opportunity for investors or owner-occupants seeking renovated living space plus strong rental income returns. All units are currently vacant and ready for lease. Based on prior rents, the property offers an estimated 8.5% capitalization rate, with potential additional upside as the recent rents were below market. Great location! Minutes to the East Falls train station, Schuylkill River Trail, Thomas Jefferson University, popular restaurants including Fiorino Italian BYO, the local farmers market, and the Fallser Club for Performing Arts, plus easy access to major highways. Unit A (main level) is a fully renovated 2-bedroom, 2-bath residence previously owner-occupied and thoughtfully upgraded with oak hardwood floors, Andersen windows, mini-split A/Cs, a modern kitchen with stainless steel appliances and granite countertops, walk-in showers, in-unit washer/dryer, and direct access to the fully fenced backyard and full unfinished basement. This unit is accessible from the porch or directly from the parking area (with no stairs) and is estimated to rent for $1,900–$2,100. Units B, C, and D are accessed through a spacious vestibule with a plumbed washer/dryer hookup. Unit B: 1 bedroom with a newly updated kitchen, large bedroom with two closets, separate living room, and en-suite bathroom. (Previously rented at $1,250). Unit C: 2 bedrooms (one en-suite), 1 bath, and a large living room. (Previously rented at $1,300). Unit D: Third-floor 1 bedroom featuring an oversized bedroom, sitting area, living/dining space, and efficient kitchen. (Previously rented at $1,050). Units B and C share a west-facing hallway balcony with river views. Major recent improvements include a new roof, flashing, and exterior paint (within the past three years), full rewiring of Unit A, and new electrical panels in Units B, C, and D. All units have lead-free and fire alarm certifications. A turnkey multifamily property in a prime East Falls location with strong income potential and long-term upside.
Features & Amenities
Interior
-
Other Interior Features
Open Floorplan
-
Total Bedrooms
6
-
Bathrooms
N/A
-
Above Grade Finished Area
3216.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Window Unit(s), Ductless, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Oil, Radiant, Baseboard
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Other Exterior Features
Balcony
-
Parking
Off Street, On Street, Driveway, Parking Lot
-
Patio and Porch Features
Porch
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Level, Back Yard
-
Lot Size(acres)
0.17
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
-
Architectural Style
Other
Price
-
Sales Price
$697,000
-
Tax Amount
7698.0
-
Sq. Footage
3, 216
-
Price/SqFt
$216
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
3
-
Foundation Details
Stone
-
Sewer
Public Sewer
-
Tax Lot
82
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Lisa Denberry , BHHS Fox & Roach-Chestnut Hill
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Owner, President, Investment Property Advisor
Theresa Kehler
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