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4628 Penn St, Philadelphia, PA 19124

$279,900
: 2,910
SqFt

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List Price: $279,900
Status: ACTIVE
Price Change: ▼ $30,000 1790638561
MLS#: PAPH2665396
Subtype: Multi-Family
Style: Other
Year Built: 1940
Living Area: 2,910
Lot Size: 2,636
Acres: 0.06
Subdivision: Frankford
MLS Area Major: 19124 (19124)

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Property Description

Attention Investors: Turnkey, Fully Occupied Triplex! 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 7.6% cap rate at the $279,900 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 $279,900. Schedule your private tour today.

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Additional Information

Taxes: $3,096
Property Description: Other
Zoning: RM1
Flooring: Wall-To-Wall Carpet
Heating: Forced Air
Air Conditioning: None
Roof: Flat
Foundation: Concrete Perimeter
School District: The School District Of Philadelphia