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Patrick Smith

patricksmith.sales@gmail.com +1(202) 255-4704

Listed by Valerie Yosef • BHHS Fox & Roach-Center City Walnut

$ 725,000

Est. payment | -/mo

1,552 Sqft Lot

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$ 725,000

Est. payment | -/mo

Save

1,552 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Subdivision Norris Square

MLS Listing ID PAPH2638474

Style Colonial

Annual Tax Amount $940

Tax Year 2025

Lot Size 1,552 Sqft

Acres 0.04

Lot Dimensions 18.00 x 85.00

Property Sub-Type Detached

Source BRIGHT

Property Description

Exceptional turnkey investment opportunity featuring a fully leased new construction triplex generating $6,350 per month ($76,200 annually) and benefiting from a valuable 10-year tax abatement. This low-maintenance asset offers separate electric meters, modern construction, and strong in-place cash flow. The property consists of a 4-bedroom, 4-bath bi-level unit rented at $2,650/month, plus two 2-bedroom, 2-bath units rented at $1,800 and $1,900/month, with the top-floor unit featuring private roof deck access and skyline views. Each residence includes granite countertops, stainless steel appliances, luxury vinyl flooring, recessed lighting, central HVAC, in-unit laundry, and security system access. Strategically located just minutes from Temple University, Temple University Hospital, and within close proximity to Center City, Drexel University, the University of Pennsylvania, Jefferson Hospital, and other major medical and educational institutions, this fully occupied property is ideally positioned to attract a strong and consistent tenant base. With immediate income, minimal capital expenditure requirements, and strong long-term rental demand, this asset presents an outstanding opportunity for investors seeking stable cash flow and future appreciation in one of Philadelphia's fastest-growing neighborhoods.

Location

State PA

County Philadelphia

Area 19122 (19122)

Zoning CMX2

Rooms

Basement Fully Finished

Interior

Hot Water Electric

Cooling Central A/C

Flooring Luxury Vinyl Plank

Fireplace N

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Concrete Perimeter, Permanent

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

New Construction Y

Schools

School District Philadelphia City

Others

Tax ID 371057500

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Financing Cash,Conventional,FHA,VA

Special Listing Condition Standard

Schools and Properties Nearby

Learn More About LPT Realty

Patrick Smith

Realtor | License ID: 658929

patricksmith.sales@gmail.com

+1(202) 255-4704

2209 N 7TH ST Philadelphia, PA 19133

Patrick Smith

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Learn More About LPT Realty

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2209 N 7TH ST