$650,000
UNDER CONTRACT

Estimated payment $3,887/month

Total Views 7,425
-- Bed
-- Bath
2,694 Sq Ft
$241 Price per Sq Ft

Highlights

  • Traditional Architecture
  • Hot Water Heating System
  • 3-minute walk to Mt. Airy Playground
  • Porch

About This Home

Incredible opportunity to own a fully occupied 4 unit building in the heart of Mt Airy’s bustling business district with parking. The location is unbeatable, walk to markets, library, cafes, retail shopping, community parks and various public transportation options that give immediate access to downtown Philadelphia and New York City. This income generating property is perfect for an ambitious owner occupant or the savvy investor that has a keen eye for neighborhoods that are prime for rising equity.
Aside from its location on a beautiful block, 21 E Mount Pleasant Avenue comprises four one bedroom units with strong cash flow. The classic stone twin enjoys a Wissahickon schist facade with a quaint front porch and spacious rear garden. On the interior, each unit is in great condition featuring hardwood floors, oversized south west facing windows and fully-equipped kitchens and baths. The units are highly desirable with almost a non-existent vacancy rate. Create income traditionally or through AirBNB, the contemporary options and the long term hold strategies are both profitable. The income potential is very attractive with an immediate opportunity to increase rent roll. Northwest Philadelphia has been a best kept secret for generations but is quickly being exposed to national interest. Philadelphia’s tremendous value compared to other major cities in the Northeast corridor is apparent and anew wave of residents is steadily increasing awareness on Mount Airy's potential.
Northwest Philadelphia is the crown jewel. Enveloped by the endless natural beauty of the Wissahickon Valley, paired with the walkability of the village setting and easy access to the culture of Center City, this Mt Airy investment property will surely pay dividends for years to come.

Listing Agent

Danyelle Lowman-Bush

Compass RE License #RS343998 Listed on: 04/04/2025

Compass RE

Co-Listing Agent

Robert lamb

Compass RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,559

Year Built

  • Built in 1905

Lot Details

  • 5,781 Sq Ft Lot
  • Lot Dimensions are 35.00 x 165.00

Home Design

  • 2,694 Sq Ft Home
  • Quadruplex
  • Traditional Architecture
  • Slab Foundation
  • Stone Siding
  • Masonry

Parking

  • 4 Parking Spaces
  • 4 Driveway Spaces
  • On-Street Parking

Outdoor Features

  • Exterior Lighting
  • Porch

Utilities

  • Hot Water Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 104
  • Assessor Parcel Number 222144500

Community Details

Overview

  • 4 Units
  • Mt Airy Subdivision

Building Details

  • Trash Expense $300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,559

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 4/4/2025 12:00:00 AM
  • Year Built: 1905
  • Automatically Close On Close Date: No
  • Remarks Public: Incredible opportunity to own a fully occupied 4 unit building in the heart of Mt Airy’s bustling business district with parking. The location is unbeatable, walk to markets, library, cafes, retail shopping, community parks and various public transportation options that give immediate access to downtown Philadelphia and New York City. This income generating property is perfect for an ambitious owner occupant or the savvy investor that has a keen eye for neighborhoods that are prime for rising equity. Aside from its location on a beautiful block, 21 E Mount Pleasant Avenue comprises four one bedroom units with strong cash flow. The classic stone twin enjoys a Wissahickon schist facade with a quaint front porch and spacious rear garden. On the interior, each unit is in great condition featuring hardwood floors, oversized south west facing windows and fully-equipped kitchens and baths. The units are highly desirable with almost a non-existent vacancy rate. Create income traditionally or through AirBNB, the contemporary options and the long term hold strategies are both profitable. The income potential is very attractive with an immediate opportunity to increase rent roll. Northwest Philadelphia has been a best kept secret for generations but is quickly being exposed to national interest. Philadelphia’s tremendous value compared to other major cities in the Northeast corridor is apparent and anew wave of residents is steadily increasing awareness on Mount Airy's potential. Northwest Philadelphia is the crown jewel. Enveloped by the endless natural beauty of the Wissahickon Valley, paired with the walkability of the village setting and easy access to the culture of Center City, this Mt Airy investment property will surely pay dividends for years to come.
  • Special Features: UnderContract

Interior Features

  • Foundation Details: Slab
  • Total Sq Ft: 2694
  • Living Area Sq Ft: 2694
  • Price Per Sq Ft: 241.28
  • Above Grade Finished Sq Ft: 2694
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 21

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry, Stone
  • Exterior Features: Exterior Lighting
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway, On Street
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: PHILADELPHIA CITY
  • School District Key: 803408593408
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: N40
  • Lot Size Acres: 0.13
  • Lot Dimensions: 35.00 x 165.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5781.00
  • Outdoor Living Structures: Porch(es)
  • Year Assessed: 2023
  • Zoning: RSA3

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • School Tax: 1953.00
  • Tax Annual Amount: 3559.00
  • Assessor Parcel Number: 222144500
  • Tax Lot: 104
  • Tax Year: 2023

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3
  • Single Room Units Count: 4

MLS Schools

  • School District Name: PHILADELPHIA CITY

Map

Range of Values:

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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 $3,560 $413,100 $82,620 $330,480
2024 $3,560 $413,100 $82,620 $330,480
2023 $3,560 $254,300 $50,860 $203,440
2022 $3,319 $254,300 $50,860 $203,440
2021 $3,319 $0 $0 $0
2020 $3,319 $0 $0 $0
2019 $3,274 $0 $0 $0
2018 $2,654 $0 $0 $0
2017 $2,654 $0 $0 $0
2016 $2,654 $0 $0 $0
2015 $2,541 $0 $0 $0
2014 -- $189,600 $45,274 $144,326
2012 -- $25,344 $4,818 $20,526
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2025 04/04/25 For Sale $650,000 -- $241 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $195,000 --
Sheriffs Deed $100,000 --
Sheriffs Deed $100,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $294,000 New Conventional
Closed $40,500 Credit Line Revolving
Closed $175,500 Commercial
Source: Public Records

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Source: Bright MLS

MLS Number: PAPH2464714

Bright MLS

APN: 222144500