UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2549470
Year Built 1915
Available Date 2025-10-23
Annual Tax Amount $2,910
Tax Year 2025
Lot Size 1,307 Sqft
Acres 0.03
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Discover this cash-flowing 4-unit multifamily building on the iconic “2 Street” in Pennsport, one of South Philadelphia's most desirable and fastest-growing neighborhoods.
Property Highlights:
💰 Legal Quadplex – Zoned for 4 units, with 4 active rental licenses in hand
🛠️ Value-Add Upside – Currently configured as 5 units (2 fully renovated, 2 with long-term month-to-month tenants paying below-market rents)
🚪 Bonus 5th Unit – Endless potential!
Option 1: Use as management office, tenant laundry, or storage space
Option 2: Combine 2 units to create a larger premium rental within quadplex zoning
At just $137,000 per unit, this property is well below replacement cost and offers significant upside through renovations and rent increases. Once fully updated, this building easily supports a projected value north of $800,000+.
Perfect for both buy-and-hold investors and value-add multifamily operators, this is a rare chance to own a stabilized asset in one of Philadelphia's most vibrant neighborhoods—steps from restaurants, shops, parks, and public transit.
✅ The numbers work.
✅ Prime location.
✅ Tons of upside.
Bring your offers and start building wealth today!
Location
State PA
County Philadelphia
Area 19147 (19147)
Zoning RSA5
Interior
Hot Water Natural Gas
Heating Heat Pump(s)
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Cistern
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871500950
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
- 9
Gamp
Public | 5 - 12
- 9
Masterman Julia R Secondary School
Public | 5 - 12
- 8
Meredith School
Public | KG - 8
- 7
Christopher Columbus Charter School
Public | KG - 8
- 7
Folk Arts-Cultural Treasures Charter School
Public | KG - 8
- 7
General George A. McCall School
Public | KG - 8
- 7
Laboratory Charter School
Public | KG - 8
- 7
Environment Community Opportunity (Eco) Charter Sc
Public | KG - 5
- 6
Albert M. Greenfield School
Public | KG - 8
- 6
Independence Charter School
Public | KG - 8
- 6
D. Newlin Fell School
Public | KG - 8
- 5
Russell Byers Charter School
Public | PK - 6
- 5
Philadelphia Performing Arts Charter School
Public | KG - 8
- 5
Abram Stockton Jenks School
Public | KG - 4
- 5
Mastery Charter School - Thomas Campus
Public | KG - 12
- 5
Eliza Butler Kirkbride School
Public | KG - 8
- 5
Young Scholars Charter School
Public | 5 - 8
- 5
Mary Ethel Costello School
Public | 4 - 6
- 5
Leap Academy University Charter School
Public | KG - 12
- 4
Chester A. Arthur School
Public | KG - 8
- 4
Mastery Charter High School
Public | 7 - 12
- 4
Gloucester City Junior/Senior High School
Public | 7 - 12
- 4
Creative Arts Village Academy
Public | 6 - 12
- 2
The Sd of Philadelphia Virtual Academy
Public | 6 - 12
- 1
World Communications Charter School
Public | 6 - 12
- 1
Penn Treaty
Public | 6 - 12
- 0
Student Education Center & Delaware Valley High School
Private | 8 - 12
- 0
Gloucester Catholic High School
Private | 7 - 12
- 0
Pyne Point Middle School
Public | 7 - 8
- 8
Science Leadership Academy
Public | 9 - 12
- 8
Academy at Palumbo
Public | 9 - 12
- 7
Bodine William W High School
Public | 9 - 12
- 5
Preparatory Charter School of Mathematics Science
Public | 9 - 12
- 5
Creative and Performing Arts
Public | 9 - 12
- 5
Philadelphia Electrical & Tech Chs
Public | 9 - 12
- 5
Parkway-Center City
Public | 9 - 12
- 4
Franklin Lc
Public | 9 - 12
- 4
Constitution High School
Public | 9 - 12
- 1
South Philadelphia High School
Public | 9 - 12
- 1
Benjamin Franklin High School
Public | 9 - 12
- 1
Charter High School for Architecture and
Public | 9 - 12
- 1
Furness High School
Public | 9 - 12
- 0
Philadelphia Mennonite High School
Private | 9 - 12
- 0
Jw Hallahan Catholic Girls' High School
Private | 9 - 12
- 0
The City School-Rittenhouse
Private | 9 - 12
- 0
St Joseph's Preparatory School
Private | 9 - 12
- 0
Saints John Neumann & Maria Garetti Catholic High School
Private | 9 - 10
- 0
Roman Catholic High School
Private | 9 - 12
- 0
Arise Academy Charter High School
Public | 9 - 12
GET MORE INFORMATION
Eric Clash
Agent & Founder of Clash Home Team | License ID: 535187
Agent & Founder of Clash Home Team License ID: 535187