Property
Beds
3
Full Baths
None
1/2 Baths
None
Year Built
1930
Sq.Footage
1,548
Corner-Lot Mixed-Use Investment with Below-Market Rents — Nicetown, North Philadelphia 4-unit mixed-use investment on a 3,733 SF corner lot (44' x 85'), RM-1 zoning, 1930-built masonry construction. Two ground-floor commercial units and two second-floor residential apartments (1BR/1BA and 2BR/1BA), all four fully occupied under long-term, stable leases generating $3,700/month in current actual rent. Rents are below comparable Nicetown-area rates for both the commercial and residential units, with lease turnover anticipated within 1–2 years — giving investors a clear, near-term path to increased cash flow without displacing existing tenants today. The corner position and dual-use configuration offer flexibility for owner-occupant business use, continued investment hold, or repositioning at turnover. Located minutes from the SEPTA Wayne Junction Regional Rail station, recently rehabilitated as part of a $45M infrastructure investment, and within a corridor seeing active new multi-family construction on nearby blocks. Showings by appointment only — proof of funds and 48 hours' notice required to minimize disturbance to occupied tenants. Property sold as-is. Buyers should independently verify zoning compliance, use registration, and required permits with the City of Philadelphia Department of Licenses & Inspections prior to settlement.
Features & Amenities
Interior
-
Total Bedrooms
3
-
Bathrooms
N/A
-
Above Grade Finished Area
1548.0
-
Cooling YN
YES
-
Cooling
Window Unit(s)
-
Heating YN
YES
-
Heating
Natural Gas, Radiant
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.09
-
Lot Size(square feet)
3,733
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
-
Architectural Style
Traditional
Price
-
Sales Price
$400,000
-
Tax Amount
$2,005
-
Financing Options
Conventional, Cash
-
Zoning
Residential Multi Family
-
Sq. Footage
1,548
-
Price/SqFt
$258
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Brick/Mortar
-
Sewer
Public Sewer
-
Tax Lot
170
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Leah Janine Burnett , HomeSmart Realty Advisors
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Owner, President, Investment Property Advisor
Theresa Kehler
Call Theresa today to schedule a private showing.
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