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Listed by Jeffrey Block • Compass Pennsylvania, LLC
$1,400,000
Est. payment /mo
3,072 Sqft Lot
Coming Soon
1148-50 S 15TH ST Philadelphia, PA 19146
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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Coming Soon
Purchase Type For Sale
Subdivision Newbold
MLS Listing ID PAPH2536812
Year Built 2015
Available Date 2025-09-15
Annual Tax Amount $21,000
Tax Year 2025
Lot Size 3,072 Sqft
Acres 0.07
Lot Dimensions 32x 96.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Two fully occupied triplexes (6 units in adjoining buildings) in an A+ location at 15th & Ellsworth. 94 WalkScore. One block to Broad Street Subway. Two blocks to Giant, Sprouts, Target, Starbucks, PetSmart, and a lot more. Easy walk to East Passyunk, the Italian Market, and Center City. Turn-key investment in a desirable location. Solid Cap Rate! In great condition with fully separated gas and electric. The buildings are fully zoned for 6 units with an active rental license for 6 units. All units include stainless steel appliances, in-unit dishwasher and washer/dryer, central air, and hardwood floors, and outdoor space. Each unit has reasonable rents and is in great condition—exactly what tenants are looking for. These units are always easy to rent. The current owner values both quality tenants and no vacancies. Leases run into mid-2026. ✅ 1148-50 S 15th is also being offered as part of a larger portfolio with various purchase options. Details on the portfolio and all package combinations include--Superb turn-key commercial investment package. Includes 6 fully occupied, income-generating apartment buildings (37 total units) in excellent locations. 23 units in red-hot Germantown. 9 units at prime 15th & Ellsworth location. 5 units in University City. All new or newer buildings, some with remaining tax abatements✅ Solid Cap Rates!✅ Each apartment building is fully turnkey, and in excellent condition✅ Fully separated gas and electric✅ All units legally zoned with active rental licenses corresponding to exact number of units✅ All units include in-unit dishwasher and washer/dryer✅ New or newer stainless-steel appliances & granite countertops in 34 units (3 units have nice white appliances)✅ Some units with nice outdoor space as well✅ Each unit has reasonable rents for its desirable location and pristine condition—exactly what tenants are looking for. Always easy to rent✅ The current owner values both quality tenants and no vacancies. Most leases run into mid-2026. All buildings well-cared for and maintained with a striking pride of ownership. ✅ The 6-building breakdown is as follows: 4529 Pulaski (14 units—2022 ground-up new construction--Tax Abatement thru 2031)—$2,550,000✅ 4637 Germantown (9 units—2024 ground up new construction-Tax Abatement thru 2035)—$1,635,000✅ These two buildings are a few blocks apart and are also available as a solid 23-unit mini package at $4,185,000. Superb location in burgeoning Wayne Junction-walkable to Attic Brewing, Deke's etc. Transit hub and Right off the Roosevelt Extension (US1)✅ 1148 & 1150 S 15th (6 units being sold together; both 2014 new construction)—$1,400,000✅ 1149 S 15th (3 units—available individually or with 1148-1150; 2008 total rehab)—$625,000✅ 1149 is directly across the street. All nine 15th Street units available for $2,025,000 A+ location at 15th & Ellsworth. 94 WalkScore. One block to Broad Street Subway. Two blocks to Giant, Sprouts, Target, Starbucks, PetSmart, and a lot more. Easy walk to East Passyunk, Italian Market, and Center City✅ 5027 Spruce Street (5 units—2017 ground up new construction—Tax abatement thru 2026)—$925,000. Lovely University City block. Walk to tons of restaurants and shops; Penn, HUP, CHOP, and Drexel; great SEPTA access. ✅ Excellent numbers—the entire package offers a 6.92% cap rate. OFFERING MEMORANDUM available upon request. Includes individual building rents, terms, expenses, NOIs, cap rates, and other information. ✅ Two additional Development Opportunities are also available for purchase: 5037 Wissahickon—Zoning approval for 18 residential units and one commercial space—$625,000✅ 4633 Germantown—Vacant lot with potential to also acquire city owned corner lot next door—$50,000. Note that the 4633 Germantown vacant lot goes street to street and has an encroachment built onto the rear portion. ✅ Contact Listing Agent for Offering Memorandum. OM includes bed/bath breakdown.
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning RSA5
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Inclusions All appliances
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 365049600
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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