4628 Penn St, Philadelphia, PA 19124
- $309,900
- 2,910
- SqFt
- List Price
- $309,900
- Price Change
- ▼ $40,000 1788883329
- Days on Market
- 24
- MLS#
- PAPH2665396
- Status
- ACTIVE
- Type
- Multifamily
- Style
- Other
- Year Built
- 1940
- County
- Philadelphia
- Region
- 19124 (19124)
- Neighborhood
- Frankford
- Subdivision
- Frankford
Property 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 access Unit 2: 2 beds, 1 bath — $1,150/month Unit 3: 1 bed, 1 bath — $825/month All 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.
Additional Information
- Acres
- 0.06
- Lot Size
- 2,613
- Living Area
- 2,910
- Roof
- Flat
- Cooling
- None
- Heating
- Forced Air
- Basement
- Yes
- Taxes
- $3,096
Mortgage Calculator
Listing courtesy of BHHS Fox & Roach-Jenkintown. Contact: (215) 887-0400