$2,500,000
NEW CONSTRUCTION

Estimated payment $13,762/month

Total Views 1,184
-- Bed
-- Bath
7,000 Sq Ft
$357 Price per Sq Ft

Highlights

  • New Construction
  • 0.06 Acre Lot
  • 2 Car Attached Garage
  • City View
  • Contemporary Architecture
  • 2-minute walk to Karen Donnelly Park

About This Home

Welcome to this exceptional new construction property located in the highly sought-after Pennsport neighborhood of South Philadelphia. This meticulously designed 7-unit building presents an incredible turn-key investment opportunity for savvy investors. Fully leased with stable tenants in place, this property offers immediate cash flow and hassle-free ownership.

The building features 6 two-bedroom two bathroom units and one ADA compliant one bedroom unit, all with modern finishes and high-end touches. Open-concept living areas, tons of natural light, sleek kitchens with stainless steel appliances, and generously-sized bedrooms create an ideal living space for residents. Each unit is thoughtfully designed for comfort and style, making them highly desirable in this vibrant and growing neighborhood.

Property Features:

7 fully leased units.

Two dedicated parking spaces, a rare and valuable feature in this area

Brand new construction, offering low maintenance and modern amenities

Units are equipped with stainless steel appliances, in-unit laundry, and central HVAC

Ideal location in Pennsport, a neighborhood known for its convenience and proximity to shopping, dining, and transportation.

Investment Highlights:

Fully leased with reliable rental income

Excellent location in a thriving neighborhood with high demand for rentals.

Strong rental market with minimal vacancy risk

Two parking spaces included, adding extra value for tenants

This is a truly turn-key investment opportunity—no renovations, no tenant search, just immediate returns. Whether you're looking to add to your portfolio or make your first investment, this property offers a hassle-free and profitable option. Don’t miss out on this prime real estate in one of South Philly's most desirable neighborhoods!

Listing Agent

Bridget Silver

KW Empower License #RS321918 Listed on: 07/30/2025

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,680

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 2,650 Sq Ft Lot
  • Lot Dimensions are 26x98
  • Property is in excellent condition

Parking

  • 2 Car Attached Garage
  • Front Facing Garage

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Stick Built Home

Interior Spaces

  • 7,000 Sq Ft Home
  • City Views

Accessible Home Design

  • Halls are 36 inches wide or more
  • Doors are 32 inches wide or more

Utilities

  • Forced Air Heating and Cooling System
  • Multi-Tank Hot Water Heater

Listing and Financial Details

  • Assessor Parcel Number 011086400

Community Details

Overview

  • 4 Units
  • 4-Story Building
  • Pennsport Subdivision

Building Details

  • Income includes parking
  • Gross Income $166,080
  • Net Operating Income $143,427

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,680

Year Built

Built in 2024 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Architectural Style: Contemporary
  • Accessibility Features: 32"+ Wide Doors, 36"+ Wide Halls
  • Ownership: Fee Simple
  • New Construction: Yes
  • Year Built: 2024
  • Remarks Public: Welcome to this exceptional new construction property located in the highly sought-after Pennsport neighborhood of South Philadelphia. This meticulously designed 7-unit building presents an incredible turn-key investment opportunity for savvy investors. Fully leased with stable tenants in place, this property offers immediate cash flow and hassle-free ownership. The building features 6 two-bedroom two bathroom units and one ADA compliant one bedroom unit, all with modern finishes and high-end touches. Open-concept living areas, tons of natural light, sleek kitchens with stainless steel appliances, and generously-sized bedrooms create an ideal living space for residents. Each unit is thoughtfully designed for comfort and style, making them highly desirable in this vibrant and growing neighborhood. Property Features: 7 fully leased units. Two dedicated parking spaces, a rare and valuable feature in this area Brand new construction, offering low maintenance and modern amenities Units are equipped with stainless steel appliances, in-unit laundry, and central HVAC Ideal location in Pennsport, a neighborhood known for its convenience and proximity to shopping, dining, and transportation. Investment Highlights: Fully leased with reliable rental income Excellent location in a thriving neighborhood with high demand for rentals. Strong rental market with minimal vacancy risk Two parking spaces included, adding extra value for tenants This is a truly turn-key investment opportunity—no renovations, no tenant search, just immediate returns. Whether you're looking to add to your portfolio or make your first investment, this property offers a hassle-free and profitable option. Don’t miss out on this prime real estate in one of South Philly's most desirable neighborhoods!
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 7000
  • Living Area Sq Ft: 7000
  • Price Per Sq Ft: 357.14
  • Above Grade Finished Sq Ft: 7000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 138-40

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick, Stick Built
  • Construction Completed: Yes
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Multi-Tank
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 26x98
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2650.00
  • Property Condition: Excellent
  • Year Assessed: 2026
  • Zoning: RM1

Rental Info

  • Existing Lease Type: Yearly
  • Total Actual Rent: 166080.00
  • Units Leased Count: 7
  • Vacation Rental: No

Multi Family

  • Gross Scheduled Income: 166080.00
  • Income Includes: Parking
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6,Unit 7

Tax Info

  • Tax Annual Amount: 1679.76
  • Assessor Parcel Number: 011086400
  • Tax Year: 2026

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,367 $326,300 $65,260 $261,040
2024 $4,367 $326,300 $65,260 $261,040
2023 $4,367 $312,000 $62,400 $249,600
2022 $3,444 $312,000 $62,400 $249,600
2021 $3,444 $0 $0 $0
2020 $3,444 $0 $0 $0
2019 $3,178 $0 $0 $0
2018 $2,578 $0 $0 $0
2017 $2,578 $0 $0 $0
2016 $17,998 $0 $0 $0
2015 $17,998 $0 $0 $0
2014 -- $184,200 $26,666 $157,534
2012 -- $12,224 $2,269 $9,955
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2025 07/30/25 For Sale $2,500,000 -- $357 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Deed $125,000 --
Source: Public Records

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Source: Bright MLS

MLS Number: PAPH2522406

Bright MLS

APN: 011086400