$625,000

2337 S Alder St Philadelphia, PA 19148

South Philadelphia East Neighborhood

Estimated payment $4,490/month

Total Views 5,290
3 Beds
3.5 Baths
4,800 Sq Ft
$130 Price per Sq Ft

About This Home

Discover this outstanding investment in Lower Moyamensing! This property offers four, turnkey units across three addresses, presenting a versatile and profitable opportunity. Currently earning over $67,000 in gross annual income, with a 8.3% Cap rate (+/-), this property is an excellent addition to any investment portfolio.

The property includes three 800 SF, 1-bedroom, 1-bathroom residential apartments, each equipped with in-unit washer and dryers. Additionally, a 2,000+ SF Commercial Garage space is occupied by a local sign company, ensuring extra steady income.

Beyond its investment potential, consider transforming this property into your dream mansion with parking!

Located in bustling Lower Moyamensing, it provides proximity to all the restaurants and stores along Passyunk Ave, and SEPTA.

Act quickly to explore this versatile property in Lower Moyamensing. Whether you're an investor or seeking your ideal home, this opportunity won't last long. Contact us today to schedule a viewing!

Listing Agent

Eric Gerchberg

KW Empower License #RS327734 Listed on: 01/30/2025

KW Empower

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $12,333

Year Built

  • Built in 1925

Parking

  • On-Street Parking

Home Design

  • Converted Dwelling
  • Flat Roof Shape

Interior Spaces

  • 4,800 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • 2,400 Sq Ft Lot
  • Urban Location

Community Details

  • No Home Owners Association
  • Lower Moyamensing Subdivision

Listing and Financial Details

  • Assessor Parcel Number 394119900

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$12,333

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Converted Dwelling
  • Ownership: Fee Simple
  • Exclusions: Tenant's personal property
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1925
  • Remarks Public: Discover this outstanding investment in Lower Moyamensing! This property offers four, turnkey units across three addresses, presenting a versatile and profitable opportunity. Currently earning over $67,000 in gross annual income, with a 8.3% Cap rate (+/-), this property is an excellent addition to any investment portfolio. The property includes three 800 SF, 1-bedroom, 1-bathroom residential apartments, each equipped with in-unit washer and dryers. Additionally, a 2,000+ SF Commercial Garage space is occupied by a local sign company, ensuring extra steady income. Beyond its investment potential, consider transforming this property into your dream mansion with parking! Located in bustling Lower Moyamensing, it provides proximity to all the restaurants and stores along Passyunk Ave, and SEPTA. Act quickly to explore this versatile property in Lower Moyamensing. Whether you're an investor or seeking your ideal home, this opportunity won't last long. Contact us today to schedule a viewing!
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 4800
  • Living Area Sq Ft: 4800
  • Price Per Sq Ft: 130.21
  • Above Grade Finished Sq Ft: 4800
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2337

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 3.00
  • Upper Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Roof: Flat
  • 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, Wall Unit
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Forced Air, Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: PHILADELPHIA CITY
  • School District Key: 803408593408
  • School District Source: 3rd Party

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2400.00
  • Year Assessed: 2023
  • Zoning: RSA5

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 6767.00
  • Tax Annual Amount: 12333.00
  • Assessor Parcel Number: 394119900
  • Tax Year: 2023

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

Property History

Date Event Price Change Sq Ft Price
01/30/2025 01/30/25 For Sale $625,000 0.0% $130 / Sq Ft
01/30/2025 01/30/25 For Sale $625,000 +10.6% $130 / Sq Ft
12/15/2017 12/15/17 Sold $565,000 -5.8% $118 / Sq Ft
11/06/2017 11/06/17 Pending -- -- --
10/23/2017 10/23/17 For Sale $599,900 -- $125 / Sq Ft
Source: Bright MLS

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Source: Bright MLS

MLS Number: PAPH2440328

Bright MLS

Pennsylvania Philadelphia County Philadelphia 19148 South Philadelphia East

2337 S Alder St, Philadelphia, PA

This home is located at 2337 S Alder St, Philadelphia, PA 19148 and is currently priced at $625,000, approximately $130 per square foot. This property was built in 1925. 2337 S Alder St is a home located in Philadelphia County with nearby schools including South Philadelphia High School, Key Francis Scott School, and Our Lady of Hope.

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Nearby Homes
Eric Gerchberg
Listing Agent
Eric Gerchberg
Section Image
KW Empower
(914) 393-3335