1529 E Berks St Philadelphia, PA 19125
Fishtown NeighborhoodEstimated payment $4,422/month
Total Views
3,438
--
Bed
--
Bath
2,154
Sq Ft
$330
Price per Sq Ft
Highlights
- Traditional Architecture
- Central Air
- Hot Water Heating System
About This Home
*** Offering 1% INTEREST RATE BUY DOWN for the 1st year at zero cost to the buyer when using the Seller's preferred lender (significant savings opportunity) *** Stunning turn key, fully leased and legal Triplex in the heart of booming Fishtown is now available with a whopping 9 years left on the tax abatement. Calling all investor or owner occupants looking to build or start your portfolio (one upcoming vacancy, June 2025). Live in one unit and generate revenue from the others, or purchase as a turn-key investment in an area with high demand and low vacancy. All other units have extended another year with a yearly rental increase of 1.9%. Appraised for $700k in 2022. All of the units offer newly installed central air and heat. Tenants pay all utilities (electrical, water, and gas). The triplex has maintained a low vacancy rate every year demonstrating consistent tenant demand and reliable rental income. The units have rented in less than 14 days once listed.
1529 E Berks is in a sought after pocket of Fishtown on a quiet residential block just steps away from ReAnimator Coffee, Cedar Point Bar and Kitchen, Loco Pez, and the trendiest new attraction Anna and Bel boutique hotel restaurant and lounge. This is an ideal location for commuting. You are a 5 minute walk to the El and bus routes and a short drive to I-95/ I-76. Vibrant Frankford Ave is within walking distance to enjoy concerts at the Fillmore, a comedy show at Punchline, a casual shopping date with a friend and experiencing some of the top rated restaurants in Philly. Take your bike for a quick ride to Penn Treaty Park for a picnic or take a run through the newly finished Delaware River Trail. This neighborhood is a hot ticket for any investor/owner occupant.
Enter the common foyer where you have exposed brick throughout the hallway adding to the personality of this boutique Triplex. The basement door will be to your right that is fully equipped with a french drain system and sump pump with washer and dryer. Make your way down the hall to Unit 1 (2 bed /1 bath at $1829 and extended another year to $1864) with high ceilings and big windows plus a private backyard oasis. As you make your way up the stairs you enter Unit 2 (1 bed/1 bath at $1525 extended another year to $1554) with a generous size bedroom equipped with large windows overlooking a picturesque street. Continue your way up to the third floor and you enter Unit 3 (1 bed/1 bath at $1320) with a large kitchen and sizable bedroom at the front of the building- rounding out this unique Triplex exuding with warmth and character —definitely not the kind of cookie-cutter apartment complex you see everywhere else.
There is a video included to view a tour of the Triplex. Annual operating expenses is $13,379/yr and annual income is $56,088/yr with projection to go up with annual rental increases. Current cap at 5.97%. Please reach out to Erin Larkin for any inquiries or questions.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,410
Year Built
- Built in 1925
Lot Details
- 1,399 Sq Ft Lot
- Lot Dimensions are 17.00 x 84.00
Home Design
- 2,154 Sq Ft Home
- Triplex
- Traditional Architecture
- Brick Foundation
- Block Foundation
- Masonry
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- Public Parking
- On-Street Parking
Utilities
- Central Air
- Radiant Heating System
- Hot Water Heating System
- 200+ Amp Service
- Electric Water Heater
Additional Features
- Basement
Listing and Financial Details
- Tax Lot 226
- Assessor Parcel Number 181208810
Community Details
Overview
- 3 Units
Building Details
- Income includes apartment rentals
- Operating Expense $13,379
- Net Operating Income $42,709
Map
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Home Values in the Area
Average Home Value in this Area
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 | $6,410 | $530,200 | $106,040 | $424,160 |
| 2024 | $6,410 | $530,200 | $106,040 | $424,160 |
| 2023 | $6,410 | $457,900 | $91,500 | $366,400 |
| 2022 | $5,657 | $457,900 | $91,500 | $366,400 |
| 2021 | $5,657 | $0 | $0 | $0 |
| 2020 | $5,657 | $0 | $0 | $0 |
| 2019 | $5,249 | $0 | $0 | $0 |
| 2018 | $3,243 | $0 | $0 | $0 |
| 2017 | $3,243 | $0 | $0 | $0 |
| 2016 | $3,243 | $0 | $0 | $0 |
| 2015 | $2,819 | $0 | $0 | $0 |
| 2014 | -- | $210,400 | $25,190 | $185,210 |
| 2012 | -- | $12,960 | $2,460 | $10,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/09/2025 07/09/25 | Price Changed | $710,000 | -0.7% | $330 / Sq Ft |
| 05/28/2025 05/28/25 | Price Changed | $715,000 | -2.1% | $332 / Sq Ft |
| 04/08/2025 04/08/25 | For Sale | $730,000 | +44.6% | $339 / Sq Ft |
| 09/29/2022 09/29/22 | Sold | $505,000 | -6.3% | $247 / Sq Ft |
| 08/15/2022 08/15/22 | Pending | -- | -- | -- |
| 07/20/2022 07/20/22 | Price Changed | $539,000 | -3.6% | $264 / Sq Ft |
| 07/06/2022 07/06/22 | Price Changed | $559,000 | -1.9% | $274 / Sq Ft |
| 06/14/2022 06/14/22 | For Sale | $570,000 | +95.9% | $279 / Sq Ft |
| 05/07/2013 05/07/13 | Sold | $291,000 | -11.6% | $161 / Sq Ft |
| 03/01/2013 03/01/13 | Pending | -- | -- | -- |
| 11/16/2012 11/16/12 | For Sale | $329,000 | -- | $182 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $476,000 | Title Services | |
| Deed | $291,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $609,286 | FHA | |
| Previous Owner | $203,700 | Commercial |
Source: Public Records
Similar Homes in Philadelphia, PA
Source: Bright MLS
MLS Number: PAPH2466918
APN: 181208810
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