See all 37 photos

Listed by Todd Richard Bouchard II • Coldwell Banker Realty

$575,000

Est. payment - /mo

2,816 SqFt

Active

652 N 38TH ST Philadelphia, PA 19104

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Mon

Oct

Tue

Oct

Wed

Oct

Jonathan Greene

jonathan@trustgreene.com +1(973) 873-0734

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,816 sqft

Price per Sqft $204

MLS Listing ID PAPH2539332

Style Contemporary

Abv Grd Liv Area 2,112

Year Built 2025

Annual Tax Amount $1,073

Tax Year 2024

Lot Size 912 Sqft

Acres 0.02

Lot Dimensions 16.00 x 57.00

Property Sub-Type Detached

Source BRIGHT

Property Description

This exceptional, high-yield new construction corner duplex at 652 N 38th St offers investors a turnkey asset that currently generates $4,525 per month in gross rental income, leading to an impressive 7%+ capitalization rate in the rapidly appreciating Mantua neighborhood. The property is fully rented and tenant-occupied, guaranteeing immediate cash flow and eliminating lease-up risk. Strategically designed for maximum rental income, the duplex features two desirable 3-bedroom, 3-bathroom units, each offering individual ensuite baths for every bedroom—a prime feature for high-demand student and professional renters near Drexel and UPenn. Premium finishes like engineered hardwood and quartz countertops ensure durability and appeal, while luxury amenities, including a private backyard for the lower unit and a private roofdeck for the upper unit, command premium rents. Furthermore, the investment is protected by a pending 10-year tax abatement to maximize net operating income, along with a 3-year roof warranty and a 1-year builder warranty, making this a stable and lucrative addition to any investment portfolio.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RM1

Rooms

Basement Fully Finished, Sump Pump

Interior

Interior Features Bathroom - Walk-In Shower, Kitchen - Eat-In, Kitchen - Island, Recessed Lighting, Sprinkler System, Bathroom - Tub Shower, Floor Plan - Open, Primary Bath(s), Bathroom - Stall Shower, Ceiling Fan(s), Combination Kitchen/Living

Hot Water Electric

Heating Central

Cooling Central A/C

Flooring Engineered Wood

Equipment Built-In Microwave, Dishwasher, Disposal, Exhaust Fan, Freezer, Icemaker, Microwave, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer/Dryer Hookups Only, Water Dispenser

Fireplace N

Appliance Built-In Microwave, Dishwasher, Disposal, Exhaust Fan, Freezer, Icemaker, Microwave, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer/Dryer Hookups Only, Water Dispenser

Heat Source Electric

Exterior

Exterior Feature Roof, Patio(s)

Water Access N

View City

Roof Type Fiberglass

Accessibility None

Porch Roof, Patio(s)

Garage N

Building

Lot Description Corner

Foundation Concrete Perimeter

Above Ground Finished SqFt 2112

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade, Below Grade

Structure Type High

New Construction Y

Schools

School District Philadelphia City

Others

Tax ID 242189400

Ownership Fee Simple

SqFt Source 2816

Acceptable Financing Cash, FHA, VA, Conventional

Listing Terms Cash, FHA, VA, Conventional

Financing Cash,FHA,VA,Conventional

Special Listing Condition Standard

Virtual Tour https://mls.homejab.com/property/view/652-n-38th-st-philadelphia-pa-19104-usa

GET MORE INFORMATION

Jonathan Greene

Broker of Record | License ID: 1433604

+1(973) 873-0734

QUICK SEARCH

652 N 38TH ST Philadelphia, PA 19104

Jonathan Greene

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

652 N 38TH ST