4628 Penn St,PHILADELPHIA, PA 19124
PHILADELPHIA, PA 19124
Description
Attention Investors: Turnkey, Fully Occupied Triplex!4628 Penn Street is a fully renovated, 100% occupied triplex generating $3,225/month ($38,700/year) in gross rental income. All units have separate gas and electric utilities paid directly by the tenants, reducing owner-paid expenses.The property generated 2025 NOI of $21,208.41, representing approximately a 6.8% cap rate at the $309,900 asking price. The property also features a coin-operated washer and dryer in the basement, providing an additional income stream.Unit Breakdown:Unit 1: 2 beds, 1 bath - $1,250/month with private backyard accessUnit 2: 2 beds, 1 bath - $1,150/monthUnit 3: 1 bed, 1 bath - $825/monthAll three units are occupied under fixed-term leases. With renovations complete and tenants already in place, the next owner can acquire a stabilized, income-producing multifamily property without a major upfront renovation or initial lease-up.Offered at $309,900. Schedule your private tour today.
Details
| MLS # | PAPH2665396 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1940 |
| Days On Site | 23 |
| Listing Provided By | BHHS Fox & Roach-Jenkintown | christian washington |
Features
| SQ Feet | 2,910 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 3 |
| Zoning | RM1 |
| Acreage | 0.06 |
Interior
| Rooms Total | 14 |
|---|---|
| Cooling | None |
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Roof | Flat |
|---|---|
| Construction Materials | Brick Front, Brick |
| Foundation Details | Concrete Perimeter |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 3096 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19124 |
| Area | 19124 (19124) |
| Community Name | FRANKFORD |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in FRANKFORD) | |
Price: $309,900 low | high Med: $170,000 sqft: 2,910 low | high Med: 1,094 $ / sqft: $106 low | high Med: $155 On site: 23 low | high Med: 212 | |
Market Activity 19124
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19124 |
| Area | 19124 (19124) |
| Community Name | FRANKFORD |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in FRANKFORD) | |
Price: $309,900 low | high Med: $170,000 sqft: 2,910 low | high Med: 1,094 $ / sqft: $106 low | high Med: $155 On site: 23 low | high Med: 212 | |
