Other

1949 LOCUST STREET

PHILADELPHIA , PA 19103

MLS#: 1002526416

$1,400,000

Status: Closed

Listing number: 1002526416

Listing provided by: BHHS Fox & Roach-Center City Walnut

Listing agent phone: None

Last update: 2 years ago

Browse Properties

Email
Pinterest
Facebook
X
Print

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1916

Sq.Footage

4,710

Unique and positively excellent opportunity to own a multi-unit building just off Rittenhouse Square! This is an ideal long term investment for possible condos, townhome or rental apartments. Tons of character with ornate mantles, moldings, large windows, multiple types of flooring (wood, wood parquet, pergo, painted wood), bay and leaded glass windows and more! This building offers 5 apartments and a commercial first floor front artist studio. First floor rear is a studio apartment with living room/bedroom combination, separate kitchen and full bath. Grand original staircase with leaded glass window, wainscoting, carpeting over hardwood floors and 4 story view. The second floor is a functional obsolescent 2 bedroom, 1 operation bath unit, currently used by the owner. The third floor offers two more studio units with living room/bedroom combos and separate kitchen and baths. The fourth floor unit is a two bedroom, 1 bath apartment with separate kitchen and bath and rooftop access. Common basement with storage, mechanicals, full bath, access to rear with fire escape in bad condition & easement allowing access to Rittenhouse Square parking driveway. Owner pays all utilities (gas heat, gas hot water and electric). Being sold in as is condition based on buyers own inspection. Stand on your steps and view the gorgeous Rittenhouse Square Park, the most prominent location in Philadelphia. Showings by appointment with list agent, M-F 9-6pm, Sat 12-4, no Sundays. Sellers cannot settle prior to 6/27/15.

Features & Amenities

Interior

Total Bedrooms

N/A
Bathrooms

N/A
Above Grade Finished Area

4710.0
Basement YN

YES
Cooling YN

NO
Cooling

None
Fireplace YN

NO
Heating YN

YES
Heating

Natural Gas
Pet friendly

N/A

Exterior

Garage

No
Construction Materials

Brick, Other
Parking

On Street
Pool

No
Waterfront YN

NO

Area & Lot

Lot Size(acres)

0.03
Property Type

Residential Income
Property Sub Type

Quadruplex
Architectural Style

Other

Price

Sales Price

$1,400,000
Tax Amount

8770.0
Sq. Footage

4, 710
Price/SqFt

$297

HOA

Association

NO

School District

Elementary School

N/A
Middle School

N/A
High School

N/A

Property Features

Sewer

Public Sewer

Schedule a Showing

Showing scheduled successfully.

IN PERSON

VIA CHAT

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Home price($)

Home price

The price of the home you wish to purchase. This can be either the listing price or your offer price.

Down payment(%)

Down payment

The amount that you plan to put down on the home. Increasing the down payment will lower your monthly mortgage.

Interest rate(%)

Interest Rate

The percent interest on your loan. This percentage is typically influenced by the current market, as well as your financial health.

Loan term(years)

Term

The length of the loan program.

Property tax($ per month)

Property Tax

The amount of tax per month on your home.

HOA fees($)

HOA Fees

Homeowners association fees. These fees may be owed in order to maintain and improve properties in the association.

Your payment

Principal and Interest:

Property taxes:

HOA fees:

Total loan payment:

Total interest amount:

Location

County

PHILADELPHIA

Elementary School

Middle School

High School

Listing Courtesy of Michael R. McCann , BHHS Fox & Roach-Center City Walnut

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com

* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.

Unique and positively excellent opportunity to own a multi-unit building just off Rittenhouse Square! This is an ideal long term investment for possible condos, townhome or rental apartments. Tons of character with ornate mantles, moldings, large windows, multiple types of flooring (wood, wood parquet, pergo, painted wood), bay and leaded glass windows and more! This building offers 5 apartments and a commercial first floor front artist studio. First floor rear is a studio apartment with living room/bedroom combination, separate kitchen and full bath. Grand original staircase with leaded glass window, wainscoting, carpeting over hardwood floors and 4 story view. The second floor is a functional obsolescent 2 bedroom, 1 operation bath unit, currently used by the owner. The third floor offers two more studio units with living room/bedroom combos and separate kitchen and baths. The fourth floor unit is a two bedroom, 1 bath apartment with separate kitchen and bath and rooftop access. Common basement with storage, mechanicals, full bath, access to rear with fire escape in bad condition & easement allowing access to Rittenhouse Square parking driveway. Owner pays all utilities (gas heat, gas hot water and electric). Being sold in as is condition based on buyers own inspection. Stand on your steps and view the gorgeous Rittenhouse Square Park, the most prominent location in Philadelphia. Showings by appointment with list agent, M-F 9-6pm, Sat 12-4, no Sundays. Sellers cannot settle prior to 6/27/15.

1949 LOCUST STREET

Message successfully sent.

First Name

Last Name

Phone

What would you like to know?

I agree to receive email communication and understand I can unsubscribe at any time.

Related Properties

PHILADELPHIA

1947 N 33RD STREET

14 Beds

None Baths

8,467 Sq.Ft.

$1,375,000

MLS#: PAPH2485888

5 HOUSES 1 DEED-VERY RARE! Welcome to the hottest area in Fishtown/Old Kensington. Property is fully occupied but for an investor that is interested in short term rentals, THIS IS A GRANDSLAM! Estimated to gross around 200,000. This great investment is 5 side-by-side 3 story trinity townhomes all with separate entrances and a separate shared lot for all the houses. You read that right! 5 HOUSES all on one deed, SUPER RARE. These highly desirable homes have each been updated. Each townhome has 2 large bedrooms & one full bathroom. The first floor is split between a comfortable open living space, dining room and a large kitchen stocked with appliances, a large sink and nice cabinets. Each room has plenty of natural light shining in from the newer windows. These two bedroom homes are loaded with character and located on an amazing block close to coffee shops, trendy pubs, restaurants and public transportation. Being sold as a package deal. Each building has it's own BRT Number. One water meter for all buildings.

PHILADELPHIA

107 W THOMPSON STREET 15

10 Beds

None Baths

3,308 Sq.Ft.

$1,274,999

MLS#: PAPH2481478

Unlock the potential of this rare 10-unit multifamily gem, a prime value-add investment offering immediate cash flow and long-term appreciation in Northeast Philadelphia’s high-demand rental market. Featuring ten well-designed 1-bedroom units, each 500 sq. ft. with a living room, eat-in kitchen, bedroom, and full bathroom with a tub, this property presents an exceptional opportunity for investors. With five vacant units and five current tenants paying below-market rents and leases up between July and September, the potential to increase cash flow is immediate, with market rents projected at $1,440 per unit, generating up to $14,000+ in monthly rental income. Whether you choose to modernize units with light cosmetic updates or take advantage of guaranteed Section 8 rental income, this property is an ideal high-yield investment. Offered at $1.4M with a current 7% cap rate, and the potential of a 10.67% cap rate along with low annual taxes under $6,000, this asset is positioned for strong equity growth. Sitting on a spacious 0.2-acre lot with 4,600+ sq. ft. of interior space, this property provides incredible expansion potential, including the ability to add a third floor for additional units or utilize the side and backyard for off-street parking, a play area, or premium tenant amenities. Strategically located near major transit, Roosevelt Blvd’s shopping district, the Navy Yard, and top employment hubs, tenant demand remains strong, ensuring consistent occupancy and long-term profitability. Whether you're looking to renovate, reposition, or expand, this property is a rare opportunity to maximize returns and build equity in a thriving rental market. Expenses and rent roll available upon request.
* Seller is working on refreshing vacant units and placing tenants in at market rent.

PHILADELPHIA

6126 BINGHAM STREET 28

10 Beds

None Baths

4,608 Sq.Ft.

$1,400,000

MLS#: PAPH2457966

1200 N 5th St., a corner mixed-use investment property located along Girard Avenue’s commercial corridor. The site consists of two commercial spaces and three apartments. The corner commercial space, a former diner/restaurant is currently vacant and presents a great opportunity to for an owner-user. The second commercial space is also vacant. Both spaces are currently marketed for lease. The apartments were renovated in 2017, featuring new kitchens w/quartz counters, stainless steel appliances, white cabinets, engineered hardwood floors, 4-piece tile baths, laundry in each unit, and plenty of natural light throughout. All units are self-contained, and the property has two years remaining on a partial tax abatement.
Located at the northwest corner of N. 5th Street and W. Girard Avenue, the property is nestled between Northern Liberties and Fishtown. This is an excellent location right in the heart of a tremendous amount of development along Girard Avenue both to the East and West. The site has easy access to Center City, the Girard trolley line, the Market Frankford El train, and many bus routes. Northern Liberties and Fishtown are both bustling commercial corridors with an abundance of restaurants, cafes, grocery stores, and retail stores. Both neighborhoods also have a very strong residential market and are prime locations for residents of Philadelphia.

PHILADELPHIA

1200 N 5TH STREET

6 Beds

None Baths

4,220 Sq.Ft.

$1,350,000

MLS#: PAPH2410910

True money generator for sale! huge commercial and residential building for sale, located on the main st, very high traffic volumes. The 2 commercial spaces are very visible and attractive to passing traffic. Also, the business is booming and steady. Walking distance to the prosperous 5 point intersection of Cottman Ave and Oxford Ave. Cross street from the School, The Asian Museum is right at the corner. Easy parking in the front, plus huge free, private parking in the rear.
This building combines 2 commercial spaces and 5 residential units( 3, 1 bedroom and 2, 2 bedrooms) , a total of 8542 sqft. Fully leased with long-term tenants. All separated gas meters, electric meters, separate hot water heater, gas boiler, some of the units feature central A/C. 5 residential units have individually separated entrances. Tenants pay their own utilities bills.
are and high income-producing investment. The annual rental income is $114,300, with very few expenses. The cap rate can be 6% or higher. Low property tax, long-term tenants, The daycare, and nail salon have very stable and continuing profitable business. Easy to manage. Must show preapproval before showing .

PHILADELPHIA

1016 COTTMAN AVENUE

7 Beds

None Baths

N/A

$1,680,000

MLS#: PAPH2094662

INVESTOR ALERT!! Package deal available to include 10 Northeast row , twins or end of row rental properties. All are currently rented with seasoned tenants. All are single family homes. All have reasonable rent amounts. All are well maintained.
Buyer must show buying capability before information is divulged. Will be sold as a complete package. Sellers will not break the portfolio apart at this time. Do not disturb any tenant without having proved ability to purchase. Exterior showings only!!

PHILADELPHIA

2340 MARGARET STREET

28 Beds

None Baths

1,246 Sq.Ft.

$1,450,000

MLS#: PAPH2515580

Shovel ready 86 unit development site. Plans approved (13 studio units, 50 one bedroom units, 23 two bedroom units). Some foundation work started. Tax abatement approved. Seller open to building the project for the Buyer. Excellent Port Richmond location in need of multi family housing, close to I-95 and Market Frankford El. Call for details and plans.

PHILADELPHIA

2149 E RUSH STREET 73

96 Beds

None Baths

82,531 Sq.Ft.

$1,400,000

MLS#: PAPH2429524

Amazing investment and rare opportunity to buy a newer built 3 units building in the high demand of University City/ Drexel .
This fully leased rental building comprises 3 units with a total of 13 bedrooms and 14 bathrooms, offering with two units of 4-bedrooms/4bathrooms, one unit of 5-bedrooms/6bathrooms. Each residential unit has en-suite bathrooms for every bedroom making this the perfect set up for college students.
This property has always been 100% leased with low expenses and maintenance. The building built 5 years ago, remaining 5 years on their property TAX ABATEMENT.
The building amenities include in-unit-laundry, 24 security camera surrounding, large closet, luxury wood floor, quartz countertop with stainless steel appliances. the third floor has access to the rooftop deck with skyline views.
Building is located in a walkable, bike-friendly, and convenient bus-transportation neighborhood. It also close to Phila Zoo, Art Museum, and easy access to local highway.
Owners owns two buildings next to each other, can do package deal if buying both building.
Call or email for financial and schedule you tour before it gone.

PHILADELPHIA

657 N 35TH STREET

None Beds

None Baths

5,500 Sq.Ft.

$1,450,000

MLS#: PAPH2528772

Annual rents are $102,000!!!! Amazing opportunity to own a 5 UNIT corner property in booming Olde Kensington! Each unit is thoughtfully laid out with an open floor plan, recessed lighting, plenty of windows, closet space, beautiful wood flooring, balconies, and a roof deck. The condos include stainless Frigidaire Gallery appliances, quartz countertops, washer/dryer units, ALL units are currently rented!! The building is very close to bars/restaurants, offices, shops, and public transit in Old Kensington, Fishtown, and Northern Liberties. Great sun-filled spacious unit!

PHILADELPHIA

320 CECIL B MOORE AVENUE

8 Beds

None Baths

924 Sq.Ft.

$1,419,000

MLS#: PAPH2480968

This is a rare opportunity to own a masterfully renovated multi-unit property in the heart of Rittenhouse Square. Originally built in 1912 and fully renovated by Gardner Fox Architects and McCroubrey Overholser. This property offers approximately 3,000SF of flexible living space with over $900,000 in renovations and updates. This stunning building is currently configured as a duplex, but could easily be converted into a chic single family residence. There are 4 floors of finished living space consisting of 2 bi-level units, each unit with outdoor space. Unit 1: 1-2 Bedrooms, 2 Full Bathrooms. The main level boasts beautifully outfitted living space with a tray ceiling, custom built-ins, plantation shutters, Brazilian hardwood floors, cherry cabinets, a gas fireplace with marble surround, wet bar and kitchenette, a bedroom, a full bathroom and a slate patio out back. There is also a fantastic dressing area with vanity and adjacent make-up vanity, spacious closet with custom closet built-ins, washer and dryer. The lower level is charming with exposed brick, a living room area, a full bathroom and a gorgeous kitchen space designed by Society Hill Kitchens. This level has a laundry hook-up, cedar closet and additional storage. There is a separate entrance for this level that leads to the patio. This property can also be accessed from Manning St. Providing a separate entrance for the lower level which can be used as a fantastic living space for in-laws, au pair suite or overnight guests. Unit 2: 3-4 Bedrooms, 2 Full Bathrooms. Main level offers Bamboo floors, exposed brick wall, surround sound, a custom kitchen with cherry cabinets, granite countertops, porcelain back splash and stainless steel appliances. Located just beyond the kitchen is a den / bonus room with sliding glass doors that lead to a lovely shared deck. This room has been used as a 4th bedroom in the past. The upper level is currently configured with 3 bedrooms, custom California closet systems and a full bathroom and laundry. Great for investors or owner occupied with rental income generated by the other unit. Also the perfect set up for multi-generational living or an au pair suite. Just steps from Rittenhouse Square and a 4-minute walk to the University of Penn Shuttle stop located at 20th and Locust. Enjoy all that Rittenhouse Square offers with fantastic restaurants, cafes, farmers market and various events throughout the year.

PHILADELPHIA

1831 Mutli-Unit SPRUCE STREET

5 Beds

None Baths

3,046 Sq.Ft.

$1,450,000

MLS#: PAPH2494546

Other

Features & Amenities

Interior

Exterior

Area & Lot

Price

HOA

School District

Property Features

Schedule a Showing

Mortgage calculator

Listing Courtesy of Michael R. McCann , BHHS Fox & Roach-Center City Walnut

Related Properties

Virtual Assistant

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Accessibility Menu

Personalize your search

Continue your home search