4147 Paul St Philadelphia, PA 19124
Frankford NeighborhoodEstimated payment $2,375/month
Highlights
- Luxury Vinyl Plank Tile Flooring
- Hot Water Baseboard Heater
- 3-minute walk to Womrath Park
- Dwelling with Rental
About This Home
Multi-Family Investment Opportunity – Fully Occupied Except One Unit! This well-maintained multi-family property is an excellent investment opportunity, offering steady rental income with significant potential for increased returns. Conveniently located, the building features four units, three of which are currently occupied by reliable tenants. Here’s what makes this property a must-see: 1st Floor Unit Spacious 2-bedroom apartment with access to a private yard. Long-term tenant (6 years) paying $800/month – well below market value, presenting an opportunity to increase rent upon lease renewal. Meticulously cared for by the tenant, with original hardwood floors adding character and charm. 2nd Floor Units Back Unit: Renovated 1-bedroom apartment with updated finishes throughout (except the shower stall), rented at $800/month. Front Unit: Efficiency unit rented at $700/month. Clean and functional, but offers an opportunity for a cosmetic facelift to increase rental value. 3rd Floor Unit 1-bedroom apartment fully renovated in 2019, featuring fresh paint and updated light fixtures. Currently vacant, offering immediate rental potential or an option to convert into a 2-room unit to maximize income. Key Features: Consistent rental income from long-term tenants. Renovation potential to boost rents and overall property value. Flexibility to adjust layouts and maximize returns. This property combines stable cash flow with opportunities for value-add improvements. Don’t miss your chance to capitalize on this income-generating asset!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,546
Year Built
- Built in 1925
Lot Details
- 2,000 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- 1,809 Sq Ft Home
- Quadruplex
- Dwelling with Rental
- Concrete Perimeter Foundation
- Masonry
Flooring
- Carpet
- Luxury Vinyl Plank Tile
Utilities
- Window Unit Cooling System
- Hot Water Baseboard Heater
- 200+ Amp Service
- Natural Gas Water Heater
- Phone Available
- Cable TV Available
Additional Features
- Unfinished Basement
Community Details
- 4 Units
- Frankford Subdivision
Listing and Financial Details
- Tax Lot 96
- Assessor Parcel Number 232226700
Map
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 | $2,506 | $181,900 | $36,380 | $145,520 |
| 2024 | $2,506 | $181,900 | $36,380 | $145,520 |
| 2023 | $2,506 | $179,000 | $35,800 | $143,200 |
| 2022 | $1,688 | $179,000 | $35,800 | $143,200 |
| 2021 | $1,688 | $0 | $0 | $0 |
| 2020 | $1,688 | $0 | $0 | $0 |
| 2019 | $1,620 | $0 | $0 | $0 |
| 2018 | $1,310 | $0 | $0 | $0 |
| 2017 | $1,310 | $0 | $0 | $0 |
| 2016 | $1,274 | $0 | $0 | $0 |
| 2015 | $1,254 | $0 | $0 | $0 |
| 2014 | -- | $93,600 | $19,845 | $73,755 |
| 2012 | -- | $9,600 | $1,450 | $8,150 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/15/2025 03/15/25 | For Sale | $400,000 | 0.0% | $221 / Sq Ft |
| 01/27/2019 01/27/19 | Rented | $700 | 0.0% | -- |
| 01/17/2019 01/17/19 | For Rent | $700 | 0.0% | -- |
| 12/07/2018 12/07/18 | Sold | $120,000 | 0.0% | $66 / Sq Ft |
| 11/12/2018 11/12/18 | Pending | -- | -- | -- |
| 11/10/2018 11/10/18 | For Sale | $120,000 | 0.0% | $66 / Sq Ft |
| 11/07/2018 11/07/18 | Pending | -- | -- | -- |
| 10/29/2018 10/29/18 | For Sale | $120,000 | -- | $66 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $120,000 | None Available | |
| Deed | $32,350 | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $60,000 | Future Advance Clause Open End Mortgage |
Source: Bright MLS
MLS Number: PAPH2457536
APN: 232226700
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