Philadelphia, PA 19129,3670-72 INDIAN QUEEN LN
Philadelphia, PA 19129,3670-72 INDIAN QUEEN LN
Philadelphia, PA 19129,3670-72 INDIAN QUEEN LN
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$697,000
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3,216 SqFt
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3670-72 INDIAN QUEEN LN Philadelphia, PA 19129

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Jonathan Greene

Jonathan Greene

+1(973) 873-0734

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,216 sqft

Price per Sqft $216

Subdivision East Falls

MLS Listing ID PAPH2573372

Style Other

Abv Grd Liv Area 3,216

Year Built 1939

Annual Tax Amount $7,698

Tax Year 2025

Lot Size 7,190 Sqft

Acres 0.17

Lot Dimensions 55.00 x 130.00

Property Sub-Type Detached

Source BRIGHT

Property Description

Move-in-ready quadruplex in highly desirable East Falls with three off-street parking spaces - an ideal opportunity for investors or owner-occupants seeking renovated living space plus strong rental income returns. All units are currently vacant and ready for lease. Based on prior rents, the property offers an estimated 8.5% capitalization rate, with potential additional upside as the recent rents were below market. Great location! Minutes to the East Falls train station, Schuylkill River Trail, Thomas Jefferson University, popular restaurants including Fiorino Italian BYO, the local farmers market, and the Fallser Club for Performing Arts, plus easy access to major highways. Unit A (main level) is a fully renovated 2-bedroom, 2-bath residence previously owner-occupied and thoughtfully upgraded with oak hardwood floors, Andersen windows, mini-split A/Cs, a modern kitchen with stainless steel appliances and granite countertops, walk-in showers, in-unit washer/dryer, and direct access to the fully fenced backyard and full unfinished basement. This unit is accessible from the porch or directly from the parking area (with no stairs) and is estimated to rent for $1,900–$2,100. Units B, C, and D are accessed through a spacious vestibule with a plumbed washer/dryer hookup. Unit B: 1 bedroom with a newly updated kitchen, large bedroom with two closets, separate living room, and en-suite bathroom. (Previously rented at $1,250). Unit C: 2 bedrooms (one en-suite), 1 bath, and a large living room. (Previously rented at $1,300). Unit D: Third-floor 1 bedroom featuring an oversized bedroom, sitting area, living/dining space, and efficient kitchen. (Previously rented at $1,050). Units B and C share a west-facing hallway balcony with river views. Major recent improvements include a new roof, flashing, and exterior paint (within the past three years), full rewiring of Unit A, and new electrical panels in Units B, C, and D. All units have lead-free and fire alarm certifications. A turnkey multifamily property in a prime East Falls location with strong income potential and long-term upside.

Location

State PA

County Philadelphia

Area 19129 (19129)

Zoning RSA5

Rooms

Basement Unfinished

Interior

Interior Features Bathroom - Walk-In Shower, Floor Plan - Open, Upgraded Countertops, Wood Floors

Hot Water Natural Gas

Heating Radiant, Baseboard - Electric

Cooling Window Unit(s), Ductless/Mini-Split

Flooring Wood, Vinyl, Tile/Brick

Inclusions Current paint color cans in basement, additional flooring and new kitchen materials in basement, basement shelving, all appliances, AC units/radiators (if any) in apartments in as-is condition.

Fireplace N

Heat Source Oil

Exterior

Exterior Feature Balcony, Porch(es)

Garage Spaces 3.0

Utilities Available Electric Available, Natural Gas Available, Water Available

Water Access N

Roof Type Architectural Shingle

Accessibility None

Porch Balcony, Porch(es)

Total Parking Spaces 3

Garage N

Building

Lot Description Level, Rear Yard

Foundation Stone

Above Ground Finished SqFt 3216

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 382075700

Ownership Fee Simple

SqFt Source 3216

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)

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Jonathan Greene

Jonathan Greene

Broker of Record | License ID: 1433604

+1(973) 873-0734

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