1686 HARRISON ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19124
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,240 sqft
Price per Sqft $147
MLS Listing ID PAPH2529392
Style Other
Year Built 1940
Annual Tax Amount $3,282
Tax Year 2025
Lot Size 2,677 Sqft
Property Sub-Type Other
Property Description
1686 Harrison Street, a stabilized five-unit multifamily asset located in the Holmesburg section of Northeast Philadelphia. This well-maintained walk-up offers a balanced mix of tenant affordability and durable in-place cash flow, making it an attractive investment for first-time buyers or seasoned operators seeking low-maintenance yield. Priced at just $66,000 per unit, the asset provides strong day-one returns and the opportunity for future upside through light operational enhancements and rent adjustments. This property offers reliable returns and low-friction management.
INVESTMENT HIGHLIGHTS:
- Fully occupied and cash flowing at acquisition
-Operating expenses at just 34.9% of income
-Gross income of $44,460/ year with potential for modest rent increases
-CAP Rate: 8.51% with Cash-on-Cash Return of 8.12%
-Walking distance to SEPTA transit, retail, and regional employment
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning RM1
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Exterior
Water Access N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Acceptable Financing Cash,Conventional,Other
Listing Terms Cash,Conventional,Other
Special Listing Condition Standard