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Listed price in listed location currency (USD).
$550,000

000

MLS® PAPH2550262

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 1800 sqft
Garage No
Taxes $2,910
Days Active 49
Lot Size 0.03 acres
Approx. Age 1915
Avg. Price Per Sqft $305
MLS® Number PAPH2550262

Property Address: 1532 S 2nd St, PHILADELPHIA, PA, 19147-6123

Average square foot calculated using Size range provided by listing agent.

Description

Rarely Offered Pennsport Quadplex – Cash Flow + Value-Add Opportunity! 🔥 Discover this cash-flowing 4-unit multifamily building on the iconic “2 Street” in Pennsport, one of South Philadelphia’s most desirable and fastest-growing neighborhoods. Property Highlights: 💰 Legal Quadplex – Zoned for 4 units, with 4 active rental licenses in hand 🛠️ Value-Add Upside – Currently configured as 5 units (2 fully renovated, 2 with long-term month-to-month tenants paying below-market rents) 🚪 Bonus 5th Unit – Endless potential! Option 1: Use as management office, tenant laundry, or storage space Option 2: Combine 2 units to create a larger premium rental within quadplex zoning At just $137, 000 per unit, this property is well below replacement cost and offers significant upside through renovations and rent increases. Once fully updated, this building easily supports a projected value north of $800, 000+. Perfect for both buy-and-hold investors and value-add multifamily operators, this is a rare chance to own a stabilized asset in one of Philadelphia’s most vibrant neighborhoods—steps from restaurants, shops, parks, and public transit. ✅ The numbers work. ✅ Prime location. ✅ Tons of upside. Bring your offers and start building wealth today!
MLS® NumberPAPH2550262
Laundry Level
Central VacNo
FireplaceNo
Acreage0.03
Exterior
GarageNo
Approx. Age1915
Basement
DrivewayOn Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 21, 2025List Date
$550,000List Price
  • Commute

Commute

Starting Address
Destination Address
1532 S 2 Nd St, PHILADELPHIA, PA

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