4628 PENN ST Philadelphia, PA 19124
UPDATED:
Key Details
Property Type Townhouse
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,910 sqft
Price per Sqft $120
Subdivision Frankford
MLS Listing ID PAPH2665396
Style Other
Abv Grd Liv Area 2,910
Year Built 1940
Annual Tax Amount $3,096
Tax Year 2026
Lot Size 2,636 Sqft
Acres 0.06
Lot Dimensions 22X120
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
4628 Penn Street is a fully renovated, 100% occupied triplex generating $3,225/month ($38,700/year) in gross rental income. All units have separate gas and electric utilities paid directly by the tenants, reducing owner-paid expenses. The property generated 2025 NOI of $21,208.41, representing approximately a 6.1% cap rate at the $349,900 asking price. The property also features a coin-operated washer and dryer in the basement, providing an additional income stream.
Unit Breakdown:
Unit 1: 2 beds, 1 bath — $1,250/month with private backyard access
Unit 2: 2 beds, 1 bath — $1,150/month
Unit 3: 1 bed, 1 bath — $825/month
All three units are occupied under fixed-term leases. With renovations complete and tenants already in place, the next owner can acquire a stabilized, income-producing multifamily property without a major upfront renovation or initial lease-up.
Offered at $349,900. Schedule your private tour today
Location
State PA
County Philadelphia
Area 19124 (19124)
Zoning RM1
Rooms
Basement Full, Unfinished
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Flooring Fully Carpeted
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Private Pool No
Building
Foundation Concrete Perimeter
Above Ground Finished SqFt 2910
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 234286900
Ownership Fee Simple
SqFt Source 2910
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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