$450,000

Estimated payment $2,796/month

Total Views 60,568
-- Bed
-- Bath
4,612 Sq Ft
$98 Price per Sq Ft

Highlights

  • Wood Flooring
  • 3-minute walk to Girard And 59Th
  • 3-minute walk to Carroll Park
  • 1 Car Attached Garage
  • Heating Available

About This Home

Rare Multifamily Opportunity with over 9% cap rate! Investor special 5 + extra unit investment property located in Carroll Park! Containing 6 full sized, 1 Bedroom / 1 Bath apartments. Each unit has been renovated with modern flooring throughout, upgraded bathrooms and have decorative high ceilings and a lot of sunny windows while conveniently located just minutes away from I-76, Center City, University City, Fairmount Park, Boathouse Row, the Art Museum & Philadelphia Zoo. Sold subject to tenant's lease agreements and sold AS-IS.

Listing Agent

Ari Miller

Real Estate Management Advisors LLC Listed on: 05/20/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,125

Year Built

  • Built in 1925

Lot Details

  • 1,752 Sq Ft Lot
  • Lot Dimensions are 19.00 x 90.00

Parking

  • 1 Car Attached Garage
  • On-Street Parking

Home Design

  • Flat Roof Shape
  • Masonry

Interior Spaces

  • 4,612 Sq Ft Home
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 043028400

Community Details

Overview

  • 4 Units
  • Carroll Park Subdivision

Building Details

  • Operating Expense $9,845
  • Net Operating Income $40,975

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,125

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Remarks Public: Rare Multifamily Opportunity with over 9% cap rate! Investor special 5 + extra unit investment property located in Carroll Park! Containing 6 full sized, 1 Bedroom / 1 Bath apartments. Each unit has been renovated with modern flooring throughout, upgraded bathrooms and have decorative high ceilings and a lot of sunny windows while conveniently located just minutes away from I-76, Center City, University City, Fairmount Park, Boathouse Row, the Art Museum & Philadelphia Zoo. Sold subject to tenant's lease agreements and sold AS-IS.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Total Sq Ft: 4612
  • Living Area Sq Ft: 4612
  • Price Per Sq Ft: 97.57
  • Above Grade Finished Sq Ft: 4612
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5701

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage, On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

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

Lot Info

  • Land Use Code: N50
  • Lot Size Acres: 0.04
  • Lot Dimensions: 19.00 x 90.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1752.00
  • Year Assessed: 2025
  • Zoning: RM1

Rental Info

  • Rent Control: No
  • Total Actual Rent: 50820.00
  • Units Leased Count: 5
  • Vacation Rental: No

Tax Info

  • School Tax: 2310.00
  • Tax Annual Amount: 4125.00
  • Assessor Parcel Number: 043028400
  • Tax Lot: 2
  • Tax Total Finished Sq Ft: 4612
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Gross Income: 50820.00
  • Operating Expense: 9845.24

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

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 $5,686 $294,700 $58,940 $235,760
2024 $5,686 $294,700 $58,940 $235,760
2023 $5,686 $406,200 $81,240 $324,960
2022 $1,670 $406,200 $81,240 $324,960
2021 $1,670 $0 $0 $0
2020 $1,670 $0 $0 $0
2019 $1,608 $0 $0 $0
2018 $1,156 $0 $0 $0
2017 $1,156 $0 $0 $0
2016 $1,156 $0 $0 $0
2015 $1,107 $0 $0 $0
2014 -- $82,600 $7,983 $74,617
2012 -- $19,744 $15,795 $3,949
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2025 08/19/25 Price Changed $450,000 -2.2% $98 / Sq Ft
05/20/2025 05/20/25 For Sale $460,000 -- $100 / Sq Ft
Source: Bright MLS

Mortgage History

Date Status Loan Amount Loan Type
Open $150,000 Commercial
Closed $86,000 Commercial
Closed $146,250 Commercial
Source: Public Records

About the Listing Agent

Ari Miller

Real Estate Management Advisors LLC

(877) 713-1322

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Air manages both commercial & residential properties. He also specializes in court-ordered receiverships and real estate auctions. REMA puts value into every service offered to clients with the intent of providing complete satisfaction.

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  • 2222 N Bancroft St, Philadelphia, PA 19132

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Source: Bright MLS

MLS Number: PAPH2484856

Bright MLS

APN: 043028400