1627 N 56TH ST Philadelphia, PA 19131
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,226 sqft
Price per Sqft $163
Subdivision Overbrook Park
MLS Listing ID PAPH2666240
Style Traditional
Abv Grd Liv Area 2,226
Year Built 1915
Available Date 2026-09-03
Annual Tax Amount $3,047
Tax Year 2026
Lot Size 1,588 Sqft
Acres 0.04
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
This three-unit property has three 2-bedroom apartments and a current rental license, and it's ready for an investor to step in and grow its income.
Current Rents:
2nd Floor (2BR): $1,700/month – recently vacated, newly renovated kitchen
1st Floor (2BR): $1,650/month – reliable PHA tenant
Lower Level (2BR): $1,450/month – reliable PHA tenant
Total: $4,800/month
Upside Potential:
All three units currently rent below the PHA payment standard. Current PHA standards show up to $2,010/month for a 2-bedroom, which could bring potential gross rent to about $6,030/month once the building is fully leased at updated rates. Increases for the PHA units are subject to PHA approval.
Features:
On-site laundry machines
Updated fire alarm system
Current rental license
Vacant 2nd floor ready to lease at market rate
Leases are available on request. The property is sold as-is, where-is. The seller will consider cash, hard money, and conventional financing. Inspections are for informational purposes only.
Location
State PA
County Philadelphia
Area 19131 (19131)
Zoning RM1
Rooms
Basement Interior Access
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Fireplace N
Heat Source Electric
Laundry Basement, Washer In Unit, Dryer In Unit
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Brick/Mortar
Above Ground Finished SqFt 2226
Sewer Public Septic
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 041352300
Ownership Fee Simple
SqFt Source 2226
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Nearby Locations
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