1686 Harrison St Philadelphia, PA 19124
Frankford NeighborhoodEstimated payment $2,069/month
Total Views
752
--
Bed
--
Bath
2,240
Sq Ft
$147
Price per Sq Ft
About This Home
1686 Harrison Street, a stabilized five-unit multifamily asset located in the Holmesburg section of Northeast Philadelphia. This well-maintained walk-up offers a balanced mix of tenant affordability and durable in-place cash flow, making it an attractive investment for first-time buyers or seasoned operators seeking low-maintenance yield. Priced at just $66,000 per unit, the asset provides strong day-one returns and the opportunity for future upside through light operational enhancements and rent adjustments. This property offers reliable returns and low-friction management.
INVESTMENT HIGHLIGHTS:
- Fully occupied and cash flowing at acquisition
-Operating expenses at just 34.9% of income
-Gross income of $44,460/ year with potential for modest rent increases
-CAP Rate: 8.51% with Cash-on-Cash Return of 8.12%
-Walking distance to SEPTA transit, retail, and regional employment
Listing Agent
Trophy Commercial Real Estate LLC License #RM425803 Listed on: 08/19/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,282
Year Built
- Built in 1940
Lot Details
- 2,677 Sq Ft Lot
- Lot Dimensions are 25.00 x 106.00
Home Design
- 2,240 Sq Ft Home
- Masonry
Parking
- On-Street Parking
- Parking Lot
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Community Details
- 4 Units
Listing and Financial Details
- Tax Lot 56
- Assessor Parcel Number 232200100
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 | $2,916 | $234,500 | $46,900 | $187,600 |
| 2024 | $2,916 | $234,500 | $46,900 | $187,600 |
| 2023 | $2,916 | $208,300 | $41,600 | $166,700 |
| 2022 | $1,307 | $208,300 | $41,600 | $166,700 |
| 2021 | $1,307 | $0 | $0 | $0 |
| 2020 | $1,307 | $0 | $0 | $0 |
| 2019 | $1,254 | $0 | $0 | $0 |
| 2018 | $1,389 | $0 | $0 | $0 |
| 2017 | $1,389 | $0 | $0 | $0 |
| 2016 | $1,389 | $0 | $0 | $0 |
| 2015 | $1,329 | $0 | $0 | $0 |
| 2014 | -- | $99,200 | $28,183 | $71,017 |
| 2012 | -- | $11,520 | $1,681 | $9,839 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/19/2025 08/19/25 | For Sale | $330,000 | -- | $147 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $105,000 | Quality Abstract Svcs Inc | |
| Deed | $151,500 | Lawyers Title Ins | |
| Deed | $72,500 | -- | |
| Deed | $68,000 | -- | |
| Deed | $31,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $116,000 | Purchase Money Mortgage | |
| Previous Owner | $121,200 | Commercial | |
| Previous Owner | $51,000 | Commercial |
Source: Public Records
Similar Homes in Philadelphia, PA
Source: Bright MLS
MLS Number: PAPH2529392
APN: 232200100
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