4215 SALEM ST, Philadelphia, PA 19124
4215 SALEM ST, Philadelphia, PA 19124
4215 SALEM ST, Philadelphia, PA 19124
34
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Listed by Zhan Su • Longlong Zhan Real Estate Investment
$1,000,000
Est. payment /mo
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13 Beds
11 Baths
6,979 SqFt
New

4215 SALEM ST Philadelphia, PA 19124

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,979 sqft

Price per Sqft $143

Subdivision Philadelphia

MLS Listing ID PAPH2671322

Style Traditional

Bedrooms 13

Full Baths 11

HOA Y/N N

Abv Grd Liv Area 6,979

Year Built 1925

Annual Tax Amount $2,383

Tax Year 2026

Lot Size 9,583 Sqft

Acres 0.22

Source BRIGHT

Property Description

11-UNIT MULTIFAMILY PORTFOLIO | Philadelphia, Pennsylvania Asking Price $1,000,000 Investment Highlights ● 4 residential properties ● Portfolio includes: ● 4215 Salem St: 4 Units, All 1 BR/1 BA ● 4219 Salem St: 3 BR/1 BA Single Family Rowhome ● 4221 Salem St: 4 Units, All 1 BR/1 BA ● 4223 Salem St: 2 Units, Both 1 BR/1 BA. Convenient access to public transportationl, shopping, restaurants, schools, and major roads ● Strong rental demand with excellent long-term investment potential Financial Summary Gross Annual Income: $130,800 Annual Operating Expenses: Approximately $26,343 Net Operating Income (NOI): Approximately $104,457 Asking Price: $1,000,000 Estimated NOI Yield: 10.45%. Gross Rental Yield 13.08%. Investment Opportunity This is a rare opportunity to acquire a well-maintained, income-producing multifamily portfolio in one of Philadelphia's most desirable rental markets. The properties offer stable cash flow, low operating expenses, and upside potential through future rental growth. Whether you're expanding an existing portfolio or completing a 1031 exchange, this asset presents an attractive investment opportunity. Closing Seller is seeking a fast closing. Qualified buyers are encouraged to provide proof of funds or financing pre-approval prior to scheduling property tours. For additional information, including the rent roll, operating statements, or to arrange a private showing, please contact the listing agent.

Investment highlights
11 Total Residential Units
Strong rental demand in 19124
Value-add opportunity
Adjacent lot included with 4215 Salem St
Ideal portfolio for cash flow investors
Prime location close to public transportation, major roads, shopping, and local amenities.

Location

State PA

County Philadelphia

Area 19124 (19124)

Zoning RM1

Rooms

Basement Fully Finished

Main Level Bedrooms 13

Interior

Hot Water Natural Gas

Heating Radiator

Cooling Window Unit(s)

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Private Pool No

Building

Story 2

Above Ground Finished SqFt 6979

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories 2

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Senior Community No

Tax ID 232504900

Ownership Fee Simple

SqFt Source 6979

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

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4215 SALEM ST