537 S 55th St Philadelphia, PA 19143
Cobbs Creek NeighborhoodEstimated payment $2,887/month
Highlights
- 0.11 Acre Lot
- Victorian Architecture
- Bathtub with Shower
- Wood Flooring
- Combination Kitchen and Living
- Ceiling height of 9 feet or more
About This Home
This fully leased triplex presents an excellent investment opportunity in a prime location. Thoughtfully designed to maximize space and functionality, the building consists of three well-laid-out units, each offering comfortable and modern living. Two of the units feature two bedrooms and one bathroom, while the third is a spacious bilevel unit spanning the second and third floors with four bedrooms and two bathrooms. With all units currently leased, this property provides immediate rental income and strong investment potential.
Each unit is designed with durability and style in mind, featuring commercial-grade laminate flooring, tiled kitchens and bathrooms, and central air and heating systems for year-round comfort. Large windows in every unit allow for abundant natural light, while high ceilings contribute to an open and airy feel throughout the building. The thoughtful layout ensures that each space feels spacious and inviting. Additionally, a private driveway provides the convenience of off-street parking, a rare amenity in this part of the city.
Perfectly situated in a vibrant and growing neighborhood, this property offers excellent access to public transit, parks, and local conveniences. Baltimore Avenue, just a short walk away, is home to a variety of popular restaurants, cafes, and shops, making it a lively hub for residents. Clark Park, a beloved green space known for its farmers’ markets and community events, is also nearby, providing a perfect outdoor escape. The area’s strong sense of community, along with its accessibility and amenities, makes it highly desirable for renters. Whether you're a seasoned investor or looking to expand your portfolio, this well-maintained triplex is a valuable opportunity in a thriving Philadelphia neighborhood.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,165
Year Built
- Built in 1925
Lot Details
- 4,880 Sq Ft Lot
- Lot Dimensions are 28.00 x 96.00
Home Design
- Triplex
- Victorian Architecture
- Flat Roof Shape
- Concrete Perimeter Foundation
- Masonry
Interior Spaces
- Bathtub with Shower
- 2,655 Sq Ft Home
- Brick Wall or Ceiling
- Ceiling height of 9 feet or more
- Ceiling Fan
- Combination Kitchen and Living
- Dining Area
- Partial Basement
- Fire and Smoke Detector
Kitchen
- Electric Oven or Range
- Built-In Microwave
- Dishwasher
Flooring
- Wood
- Ceramic Tile
Laundry
- Dryer
- Washer
Parking
- Driveway
- On-Street Parking
Utilities
- 90% Forced Air Heating and Cooling System
- Electric Water Heater
Community Details
- 3-Story Building
Listing and Financial Details
- Tax Lot 219
- Assessor Parcel Number 463187900
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 | $4,472 | $511,900 | $102,380 | $409,520 |
| 2024 | $4,472 | $511,900 | $102,380 | $409,520 |
| 2023 | $4,472 | $319,500 | $63,900 | $255,600 |
| 2022 | $925 | $319,500 | $63,900 | $255,600 |
| 2021 | $925 | $0 | $0 | $0 |
| 2020 | $925 | $0 | $0 | $0 |
| 2019 | $892 | $0 | $0 | $0 |
| 2018 | $857 | $0 | $0 | $0 |
| 2017 | $857 | $0 | $0 | $0 |
| 2016 | $857 | $0 | $0 | $0 |
| 2015 | $1,101 | $0 | $0 | $0 |
| 2014 | -- | $82,200 | $29,280 | $52,920 |
| 2012 | -- | $10,816 | $3,062 | $7,754 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/10/2025 09/10/25 | For Sale | $429,900 | +16.5% | $162 / Sq Ft |
| 11/08/2019 11/08/19 | Sold | $369,000 | -2.9% | $139 / Sq Ft |
| 10/01/2019 10/01/19 | Pending | -- | -- | -- |
| 09/06/2019 09/06/19 | For Sale | $379,900 | -- | $143 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $369,000 | Trident Land Transfer Co Lp | |
| Deed | $40,000 | None Available | |
| Deed | $19,100 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $322,000 | Commercial | |
| Closed | $295,200 | Commercial | |
| Previous Owner | $275,000 | Commercial |
Source: Bright MLS
MLS Number: PAPH2536438
APN: 463187900
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