$980,000

Estimated payment $5,535/month

Total Views 17,504
-- Bed
-- Bath
4,528 Sq Ft
$216 Price per Sq Ft

About This Home

An exceptional real estate opportunity awaits at 6940-2 Torresdale Ave—two fully renovated properties being sold together. 4 Residential Apartments and 2 Commercial Spaces. Conveniently located in the Northeast - Tacony area. These properties feature four beautifully updated residential apartments. Two modern studios, and two spacious two-bedroom, one-bath units. All designed with sleek laminate flooring, all-electric utilities, and a brand-new contemporary kitchen. Each apartment is cable-ready, and the living room includes a ceiling fan for added comfort.In addition to the four residential spaces, these properties also include two fully renovated commercial spaces on the ground level, making them an ideal investment for business owners or those looking to expand their portfolio. The combined offering of 6940-2 Torresdale Ave presents incredible value with matching layouts across both buildings.Perfectly situated near public transportation with easy access to I-95, these properties are in a prime location. Nearby Disston Park offers a great spot for outdoor recreation, adding to the appeal of this vibrant neighborhood. Whether you're searching for move-in-ready apartments or an outstanding investment opportunity, 6940-2 Torresdale Ave delivers unmatched potential at an amazing value!Both properties are 100% leased. Gross annual rents $100,000, and low annual expenses only $15,000 which includes taxes, insurance, water. Tenants pay their own PECO bill. No gas. This investment property will make you a solid and consistent 8-9% return while the properties appreciate in value and rents increase! Top-notch commercial tenants on the first floor include a coffee shop and a beautifully redone showroom for a door distributor.

Listing Agent

Adam Rocco

REDBLOCK Realty Inc. Listed on: 06/03/2025

Co-Listing Agent

Gene Yakimchenko

REDBLOCK Realty Inc. License #RS320432

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,844

Year Built

  • Built in 1935

Lot Details

  • 1,307 Sq Ft Lot
  • Lot Dimensions are 16.00 x 180.00

Home Design

  • 4,528 Sq Ft Home
  • Traditional Architecture
  • Flat Roof Shape
  • Stone Foundation
  • Masonry

Location

  • Urban Location

Utilities

  • Central Heating and Cooling System
  • 100 Amp Service
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • Tacony Subdivision

Listing and Financial Details

  • Tax Lot 75
  • Assessor Parcel Number 871195250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,844

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Over Storefront
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1935
  • Remarks Public: An exceptional real estate opportunity awaits at 6940-2 Torresdale Ave—two fully renovated properties being sold together. 4 Residential Apartments and 2 Commercial Spaces. Conveniently located in the Northeast - Tacony area. These properties feature four beautifully updated residential apartments. Two modern studios, and two spacious two-bedroom, one-bath units. All designed with sleek laminate flooring, all-electric utilities, and a brand-new contemporary kitchen. Each apartment is cable-ready, and the living room includes a ceiling fan for added comfort. In addition to the four residential spaces, these properties also include two fully renovated commercial spaces on the ground level, making them an ideal investment for business owners or those looking to expand their portfolio. The combined offering of 6940-2 Torresdale Ave presents incredible value with matching layouts across both buildings. Perfectly situated near public transportation with easy access to I-95, these properties are in a prime location. Nearby Disston Park offers a great spot for outdoor recreation, adding to the appeal of this vibrant neighborhood. Whether you're searching for move-in-ready apartments or an outstanding investment opportunity, 6940-2 Torresdale Ave delivers unmatched potential at an amazing value! Both properties are 100% leased. Gross annual rents $100,000, and low annual expenses only $15,000 which includes taxes, insurance, water. Tenants pay their own PECO bill. No gas. This investment property will make you a solid and consistent 8-9% return while the properties appreciate in value and rents increase! Top-notch commercial tenants on the first floor include a coffee shop and a beautifully redone showroom for a door distributor.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Total Sq Ft: 4528
  • Living Area Sq Ft: 4528
  • Price Per Sq Ft: 216.43
  • Above Grade Finished Sq Ft: 4528
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 6940-2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Road Surface Type: Us Highway/Interstate
  • Roof: Flat
  • 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
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Sewer Available, Natural Gas Available
  • Water Source: Public

Schools

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

Lot Info

  • Lot Size Acres: 0.03
  • Lot Dimensions: 16.00 x 180.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1306.80
  • Year Assessed: 2025
  • Zoning: CMX25

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 1592.00
  • Tax Annual Amount: 2844.00
  • Assessor Parcel Number: 871195250
  • Tax Lot: 75
  • Tax Total Finished Sq Ft: 2264
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

Multi Family

  • Single Room Units Count: 2

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
06/03/2025 06/03/25 For Sale $980,000 -- $216 / Sq Ft
Source: Bright MLS

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Source: Bright MLS

MLS Number: PAPH2489752

Bright MLS