816 W Erie Avenue, Philadelphia, PA 19140
- $225,000
- 1,408
- SqFt
- Sold Price
- $225,000
- List Price
- $225,000
- Days on Market
- 7
- Closing Date
- Jul 16, 2026
- MLS#
- PAPH2613072
- Status
- CLOSED
- Type
- Multifamily
- Style
- Traditional
- Year Built
- 1935
- County
- Philadelphia
- Region
- 19140 (19140)
- Neighborhood
- Hunting Park
- Subdivision
- Hunting Park
Property Description
Welcome to 816 W Erie Ave, a value-add triplex opportunity located in the Hunting Park section of Philadelphia. This property offers immediate income with two occupied 2-bedroom units and a partially completed basement space that has the potential to be finished into a 1-bedroom unit, allowing the cap rate to increase from approximately 6.3% to 8.1%. Zoned RM-1, the building allows a triplex by right and comes with plans for continued use as a three-unit property. Additional features include separate utilities and a semi-finished lower-level unit ready for final completion. This property presents a strong investment option or owner-occupant opportunity with value-added upside. Conveniently located near public transit and local amenities, this triplex is offered as-is and provides an excellent chance to expand or begin your rental portfolio.
Additional Information
- Acres
- 0.03
- Lot Size
- 1,306
- Living Area
- 1,408
- Cooling
- None
- Heating
- Baseboard - Electric
- Basement
- Yes
- Taxes
- $2,911
Mortgage Calculator
Listing courtesy of Keller Williams Main Line. Contact:
Selling Office: .