2537-39 MONTROSE ST Philadelphia, PA 19146
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 5,200 sqft
Price per Sqft $269
Subdivision Graduate Hospital
MLS Listing ID PAPH2677482
Style Other
Abv Grd Liv Area 5,200
Year Built 2017
Available Date 2026-10-06
Annual Tax Amount $3,863
Tax Year 2020
Lot Size 1,510 Sqft
Acres 0.03
Lot Dimensions 25.60 x 59.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Rare Investment Opportunity | 19146 | North of Washington Avenue
Asking Price: $1,399,000
Rare opportunity to acquire a turnkey, newly constructed 4-unit multifamily property in Philadelphia's highly sought-after Graduate Hospital neighborhood. Located in 19146, north of Washington Avenue, this modern income-producing asset offers investors the opportunity to acquire a recently constructed property with strong rental income and the benefit of the remaining 10-year tax abatement.
The property features four thoughtfully designed residential units, including:
• 2 One-Bedroom Units
• 1 Two-Bedroom Unit
• 1 Three-Bedroom Unit
The units feature high-end finishes, premium flooring, upgraded appliance packages, and imported doors and windows. Energy-efficient doors, windows, and exterior materials further enhance resident comfort and operating efficiency.
The property is currently generating approximately $8,000 per month in rental income, representing approximately $96,000 in gross annual rental income.
Investment Highlights
• $1,399,000 asking price
• 4-unit new construction multifamily property
• Approximately $8,000/month current rental income
• Approximately $96,000 annual gross rental income
• Remaining 10-year tax abatement 3 years remaining
• 2 one-bedroom units
• 1 two-bedroom unit
• 1 three-bedroom unit
• High-end finishes throughout
• Upgraded appliance packages
• Imported doors and windows
• Energy-efficient construction and exterior materials
• Turnkey, income-producing investment
• Located in Graduate Hospital / 19146
• North of Washington Avenue
• Walking distance to Rittenhouse Square, University City, and Schuylkill Banks
• Convenient access to public transportation and I-76
Income Snapshot
Asking Price: $1,399,000
Current Gross Rental Income: $96,000/year
Gross Rent Multiplier: Approximately 14.57x
Gross Yield: Approximately 6.86%
Cap rate and NOI should be calculated once annual operating expenses, insurance, utilities, maintenance, management, and other property expenses are confirmed.
Investment Opportunity
This offering presents an opportunity to acquire a modern, newly constructed multifamily asset in one of Philadelphia's established and highly desirable residential neighborhoods. The combination of new construction, multiple residential units, current rental income, high-end finishes, and the remaining tax abatement provides a compelling foundation for both investors seeking current income and those focused on long-term appreciation.
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning RM1
Rooms
Basement Full
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Concrete Perimeter
Above Ground Finished SqFt 5200
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 302204410
Ownership Fee Simple
SqFt Source 5200
Special Listing Condition Standard
Nearby Locations
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