$2,225,000
UNDER CONTRACT

Estimated payment $13,892/month

Total Views 5,700
-- Bed
-- Bath
9,590 Sq Ft
$232 Price per Sq Ft

Highlights

  • 0.12 Acre Lot
  • 4-minute walk to Lancaster Avenue And 40Th Street
  • 4-minute walk to Saunders Park
  • Forced Air Heating and Cooling System

About This Home

Amazing investment opportunity. This modern, fully occupied 11-unit building also offers additional finished flex rooms in the basement providing additional income. The 27-bedroom multi-family property was built in 2010 and is situated in the highly sought-after West Powelton neighborhood of Philadelphia. Just a short walk from the University of Pennsylvania and Drexel University, ensuring consistent demand from students and professionals. This property offers investors an excellent opportunity to acquire a turnkey asset with significant potential for rental growth. The property is also located within a Qualified Opportunity Zone, providing potential tax advantages for investors. The unit mix includes six (2) two-bedroom, one-bathroom units, two (2) three-bedroom, two-bathroom units and two (2) four-bedroom, two-bathroom units. The units offer hardwood floors, stainless-steel appliances, in-unit washer and dryers, and much more. Don’t miss this rare opportunity to own a high-performing multi-family property in a rapidly developing area. Eight property portfolio, can be purchased individually or as a full / partial portfolio (4008, 4010, 4032 & 4011 Baring Street, 416-18 N. Wiota Street, 508 Budd Street, 1537 Swain Street and 1802 N. 5th Street).

Listing Agent

Steven Onesti

KW Empower License #RS372317 Listed on: 03/25/2025

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,444

Year Built

  • Built in 2010

Lot Details

  • 5,363 Sq Ft Lot
  • Lot Dimensions are 44.00 x 121.00

Home Design

  • 9,590 Sq Ft Home
  • Masonry

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Community Details

  • 4 Units
  • West Powelton Subdivision

Listing and Financial Details

  • Tax Lot 90
  • Assessor Parcel Number 881817730

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,444

Year Built

Built in 2010

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2010
  • Automatically Close On Close Date: No
  • Remarks Public: Amazing investment opportunity. This modern, fully occupied 11-unit building also offers additional finished flex rooms in the basement providing additional income. The 27-bedroom multi-family property was built in 2010 and is situated in the highly sought-after West Powelton neighborhood of Philadelphia. Just a short walk from the University of Pennsylvania and Drexel University, ensuring consistent demand from students and professionals. This property offers investors an excellent opportunity to acquire a turnkey asset with significant potential for rental growth. The property is also located within a Qualified Opportunity Zone, providing potential tax advantages for investors. The unit mix includes six (2) two-bedroom, one-bathroom units, two (2) three-bedroom, two-bathroom units and two (2) four-bedroom, two-bathroom units. The units offer hardwood floors, stainless-steel appliances, in-unit washer and dryers, and much more. Don’t miss this rare opportunity to own a high-performing multi-family property in a rapidly developing area. Eight property portfolio, can be purchased individually or as a full / partial portfolio (4008, 4010, 4032 & 4011 Baring Street, 416-18 N. Wiota Street, 508 Budd Street, 1537 Swain Street and 1802 N. 5th Street).
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Total Sq Ft: 9590
  • Living Area Sq Ft: 9590
  • Price Per Sq Ft: 232.01
  • Above Grade Finished Sq Ft: 9590
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4011

Exterior Features

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

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: CA0
  • Lot Size Acres: 0.12
  • Lot Dimensions: 44.00 x 121.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5363.00
  • Year Assessed: 2025
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 13689.00
  • Tax Annual Amount: 24444.00
  • Assessor Parcel Number: 881817730
  • Tax Lot: 90
  • Tax Total Finished Sq Ft: 9590
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7,Unit 9,Unit 10

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

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
06/24/2025 06/24/25 Price Changed $2,225,000 -1.1% $232 / Sq Ft
03/25/2025 03/25/25 For Sale $2,250,000 -- $235 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: PAPH2461432

Bright MLS