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Listed by Joe Loonstyn • Scope Commercial Real Estate Services, Inc.
$ 795,000
Est. payment | /mo
3,827 Sqft Lot
$ 795,000
Est. payment | /mo
3,827 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2599014
Year Built 1925
Annual Tax Amount $6,964
Tax Year 2025
Lot Size 3,827 Sqft
Acres 0.09
Lot Dimensions 49.00 x 78.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
274-276 Street offers the opportunity to acquire a fully renovated six-unit building in the Cobbs Creek section of West Philadelphia. The property was originally built in 1925 and underwent a full renovation in 2021, resulting in six updated two-bedroom units with practical layouts and modern interior finishes that continue to perform well with today's rental demand.
There is additional value-add potential through the introduction of laundry, either within each unit or as a shared amenity, creating an avenue for increased revenue and improved tenant retention. The location is highly accessible, situated just a short walk to the Market-Frankford Line, allowing for easy connectivity across the city.
The surrounding area has seen consistent rental demand driven by nearby parks, neighborhood retail, and convenient access to public transportation. The property may also be positioned for voucher-based tenants, including PHA programs, subject to buyer verification.
This is a stabilized asset with recent capital improvements and clear upside, making it a strong candidate for investors seeking both current income and long-term growth in West Philadelphia.
There is additional value-add potential through the introduction of laundry, either within each unit or as a shared amenity, creating an avenue for increased revenue and improved tenant retention. The location is highly accessible, situated just a short walk to the Market-Frankford Line, allowing for easy connectivity across the city.
The surrounding area has seen consistent rental demand driven by nearby parks, neighborhood retail, and convenient access to public transportation. The property may also be positioned for voucher-based tenants, including PHA programs, subject to buyer verification.
This is a stabilized asset with recent capital improvements and clear upside, making it a strong candidate for investors seeking both current income and long-term growth in West Philadelphia.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881428320
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations