$775,000
NEW CONSTRUCTION

Estimated payment $4,345/month

Total Views 492
-- Bed
-- Bath
3,500 Sq Ft
$221 Price per Sq Ft

Highlights

  • New Construction
  • Energy-Efficient Appliances
  • Central Heating and Cooling System
  • Stainless Steel Appliances
  • Brick Front
  • 5-minute walk to Penrose Playground

About This Home

Introducing 2255 n Delhi St, a newly constructed property in Philadelphia's 19133 zip code with a 10 year tax abatement! This triplex boasts 2 2-bedroom units and 1 spacious 3-bedroom unit, each featuring modern amenities like washers and dryers, dishwashers, and garbage disposals. The units also showcase large marble countertops, offering tenants a touch of luxury.With a current rent of $5,189, there is room to increase to a market rent of $5,600, making this an attractive investment opportunity. The property provides consistent income, with tenants already in place, offering ease of ownership. Valued at $775,000, the property offers a cap rate of 6.63% and an annual net income of $51,372.Located near Temple University, 2255 n Delhi St benefits from the university's vibrant environment, attracting students and faculty as potential tenants. This thriving neighborhood presents an excellent investment opportunity for those looking to capitalize on the university's influence and the area's growth potential.Unit 1: $1680 exp 12/31/2026 (Section 8 100% guaranteed by GOV) (market rent $2100)Unit 2: $1700 projected rent (Section 8 process has started)Unit 3: $1800 exp 1/31/2026 (PHMC lease 100% guaranteed by GOV)

Listing Agent

Chris Sherman

United Real Estate Listed on: 05/04/2025

United Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $782

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 1,376 Sq Ft Lot
  • Lot Dimensions are 16.00 x 86.00
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • 3,500 Sq Ft Home
  • Triplex
  • AirLite
  • Brick Front
  • Concrete Perimeter Foundation

Kitchen

  • Built-In Range
  • Built-In Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Electric Dryer
  • Energy-Efficient Appliances

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Lot 67
  • Assessor Parcel Number 371138400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$782

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Airlite
  • Ownership: Fee Simple
  • New Construction: Yes
  • Year Built: 2024
  • Remarks Public: Introducing 2255 n Delhi St, a newly constructed property in Philadelphia's 19133 zip code with a 10 year tax abatement! This triplex boasts 2 2-bedroom units and 1 spacious 3-bedroom unit, each featuring modern amenities like washers and dryers, dishwashers, and garbage disposals. The units also showcase large marble countertops, offering tenants a touch of luxury. With a current rent of $5,189, there is room to increase to a market rent of $5,600, making this an attractive investment opportunity. The property provides consistent income, with tenants already in place, offering ease of ownership. Valued at $775,000, the property offers a cap rate of 6.63% and an annual net income of $51,372. Located near Temple University, 2255 n Delhi St benefits from the university's vibrant environment, attracting students and faculty as potential tenants. This thriving neighborhood presents an excellent investment opportunity for those looking to capitalize on the university's influence and the area's growth potential. Unit 1: $1680 exp 12/31/2026 (Section 8 100% guaranteed by GOV) (market rent $2100) Unit 2: $1700 projected rent (Section 8 process has started) Unit 3: $1800 exp 1/31/2026 (PHMC lease 100% guaranteed by GOV)
  • Special Features: NewHome

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Cooktop, Dishwasher, Dryer, Disposal, Dryer - Electric, Energy Efficient Appliances, Freezer, Refrigerator, Stainless Steel Appliances
  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Total Sq Ft: 3500
  • Living Area Sq Ft: 3500
  • Price Per Sq Ft: 221.43
  • Above Grade Finished Sq Ft: 3500
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2255

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick Front
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available
  • Water Source: Public

Schools

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

Lot Info

  • Land Use Code: SR
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16.00 x 86.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1376.00
  • Property Condition: Excellent
  • Year Assessed: 2025
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 438.00
  • Tax Annual Amount: 782.00
  • Assessor Parcel Number: 371138400
  • Tax Lot: 67
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: PHILADELPHIA CITY

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 $994 $55,900 $55,900 --
2024 $994 $55,900 $55,900 --
2023 $994 $71,000 $71,000 $0
2022 $279 $71,000 $71,000 $0
2021 $279 $0 $0 $0
2020 $279 $0 $0 $0
2019 $279 $0 $0 $0
2018 $279 $0 $0 $0
2017 $279 $0 $0 $0
2016 $92 $0 $0 $0
2015 $693 $0 $0 $0
2014 -- $51,700 $6,605 $45,095
2012 -- $448 $112 $336
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2025 05/04/25 For Sale $775,000 -- $221 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Deed $15,000 Matz Land Transfer Svcs Inc
Sheriffs Deed $11,000 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $690,000 New Conventional
Previous Owner $200,000 New Conventional
Source: Public Records

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Source: Bright MLS

MLS Number: PAPH2478520

Bright MLS

APN: 371138400