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Listed by Jim Onesti • KW Empower
$ 795,000
Est. payment | /mo
1,190 Sqft Lot
$ 795,000
Est. payment | /mo
1,190 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Passyunk Square
MLS Listing ID PAPH2687324
Year Built 1920
Annual Tax Amount $9,030
Tax Year 2026
Lot Size 1,190 Sqft
Acres 0.03
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Excellent investment opportunity in the heart of East Passyunk! Located at 1518 E. Passyunk Avenue, this updated, fully leased multi-family property offers multiple residential units in one of South Philadelphia's most desirable and vibrant neighborhoods. The property presents one-bedroom apartments, with updated kitchens featuring white cabinetry, modern bathrooms with subway tile, stainless-steel appliances and durable vinyl plank flooring. The building also includes a full basement with a utility area, tenant storage closets, and separate coin-operated laundry facilities. The property is fully leased, currently generating approximately $72,105 in annual rental income, plus additional laundry income, and almost immediate potential to increase rents. Ideally situated just steps from the iconic Passyunk Square fountain, Black & Brew, and the many popular restaurants, cafés, boutiques, and neighborhood attractions along East Passyunk Avenue. This highly walkable location offers convenient access to public transportation, Center City, and surrounding neighborhoods. Whether you're looking to expand your investment portfolio or acquire an income-producing property in a sought-after rental location, this property presents an excellent opportunity to invest in the continued appeal and growth of East Passyunk. Schedule your showing today!
Location
State PA
County Philadelphia
Area 19147 (19147)
Zoning CMX2.5
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881133051
Ownership Fee Simple
Special Listing Condition Standard
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Nearby Locations
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1017 O Street NW, Washington DC, Washington, DC 20001, USA
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