USAPAPhiladelphiaEast Falls2031 E Susquehanna Ave
2031 E Susquehanna Ave | Image 1
Virtual Tour
2031 E Susquehanna Ave | Image 2
2031 E Susquehanna Ave | Image 3
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2031 E Susquehanna Ave | Image 7

$630,000

16 days ago

2031 E Susquehanna Ave, Philadelphia, PA

0 Bed

0 Bath

2310 sqft

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MLS® PAPH2582090

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 2310 sqft
Garage No
Taxes $10,848
Days Active 16
Lot Size 0.03 acres
Approx. Age 1917
Avg. Price Per Sqft $272
MLS® Number PAPH2582090

Property Address: 2031 E Susquehanna Ave, PHILADELPHIA, PA, 19125-1564

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

Description

3D tour available! Explore the entire building from wherever you are. A rare opportunity to acquire a fully renovated triplex in one of Philadelphia's most desirable markets. All three 2-bed/1-bath units have been updated with new kitchens, hardwood floors, central AC and heat, and in-unit washer/dryer, plumbing, electric, mechianicals making this a turnkey asset with strong tenant demand from day one. The property currently generates $54, 180 in annual gross rental income at a 5.83% CAP rate and 11.63 GRM, priced at $630, 000 and nearly in line with the neighborhood average GRM of 11.55. Two of the three units are leased below market by $100 to $150 per month, and lease expirations in May and August align perfectly with peak rental season, giving the new owner a clear path to capture that upside without any construction. There is also a meaningful tax opportunity. The current $10, 800 annual tax bill is based on a city assessment of $750K, well above the sale price. An appeal at the $630K purchase price would bring taxes down to approximately $9, 072, saving roughly $1, 728 per year. Combined with the rent increases, that is over $4, 100 in additional annual income achievable through leasing and paperwork alone, pushing the CAP rate to 6.6% and GRM to 10.95x, which is exceptional for this submarket. For the owner-occupant, lease terms on Units 2 and 3 expire May 30 and July 31, 2026, with Unit 1 running through May 2027, creating a natural house-hack setup where the other two units cover your carrying costs while you settle in. All current tenants are highly qualified and maintain the property well. Leases, applications, and full rent history available upon request.
MLS® NumberPAPH2582090
Laundry Level
Central VacNo
FireplaceNo
Acreage0.03
Exterior
GarageNo
Approx. Age1917
BasementOther
DrivewayNone
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 9, 2026List Date
$630,000List Price
  • Commute

Commute

Starting Address
Destination Address
2031 E Susquehanna Ave, PHILADELPHIA, PA

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